California-based apparel and accessories company Guess has reported net earnings of $47.9 million for the fourth quarter of fiscal 2009, a decrease of 13.2% compared to net earnings of $55.2 million for the same period of fiscal 2008.

Total net revenue for the fourth quarter of fiscal 2009 increased 9% to $561.1 million from $514.6 million for the same period of fiscal 2008.

The company reported net earnings of $213.6 million for the fiscal year 2009, an increase of 14.5% compared to net earnings of $186.5 million for the fiscal year 2008.

Total net revenue for fiscal year 2009 increased 19.6% to $2.09 billion from $1.75 billion for the fiscal year 2008.

During the fourth quarter of fiscal 2009, the company repurchased 1.9 million shares of its common stock at an average purchase price of $14.43, totaling $27.5 million.

As of January 31, 2009, the company had remaining approval under its existing repurchase program to purchase $139.5 million of its common stock.

The board has approved a quarterly cash dividend of $0.10 per share on the company's common stock. This dividend will be payable on April 17, 2009 to shareholders of record at the close of business on April 1, 2009.