GUESS?, Inc. Announces Additional $500 Million Share Repurchase Authorization

GUESS?, Inc. announced that its Board of Directors has authorized a new program to repurchase, from time-to-time and as market and business conditions warrant, up to $500 million of its common stock. This new $500 million authorization is in addition to the existing $250 million repurchase authorization announced in March 2011, under which approximately $231 million has been used to repurchase approximately 8.2 million shares to date (including 5 million shares during the current fiscal quarter). Approximately $19 million remains available for repurchases under the existing $250 million authorization. Repurchases under either program may be made on the open market or in privately negotiated transactions, pursuant to Rule 10b5-1 trading plans or other available means. There is no minimum or maximum number of shares to be repurchased under either program and both programs may be discontinued at any time, without prior notice.