GUESS is a global lifestyle brand renowned for its trendy and innovative fashion apparel, accessories, and footwear for men, women, and children. The company designs and markets a diverse range of products, including denim, casual wear, and formal attire, appealing to a youthful and fashion-forward audience. In addition to its core clothing lines, GUESS also offers handbags, watches, and other accessories, often characterized by its distinctive logo and iconic designs. With a presence in numerous countries, GUESS aims to provide stylish and quality products that resonate with consumers, reinforcing its position in the competitive fashion industry.
Shares of contemporary clothing brand Guess (NYSE:GES)
fell 12.9% in the morning session after the company reported weak third-quarter results, with sales and earnings falling below Wall Street's expectations. The core business recorded even weaker growth as management attributed some of the top-line strength to inorganic contributions from the Rag & Bone acquisition. Some of the headwinds were attributed to a more challenging business in North America and Asia, which resulted in slow customer traffic. This caused the company to revise its fourth-quarter outlook for revenues and earnings. Consequently, full-year sales and earnings are also expected to fall short of prior forecasts, making this a challenging quarter overall.
Contemporary clothing brand Guess (NYSE:GES) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 13.4% year on year to $738.5 million. Its non-GAAP profit of $0.34 per share was 9.1% below analysts’ consensus estimates.
Guess?, Inc. (NYSE: GES) will release its financial results for the third quarter of fiscal year 2025, which ended November 2, 2024, on Tuesday, November 26, 2024. The Company will webcast a conference call at 4:45 p.m. (ET) that day to discuss the results.
Wrapping up Q2 earnings, we look at the numbers and key takeaways for the apparel, accessories and luxury goods stocks, including Stitch Fix (NASDAQ:SFIX) and its peers.
Let’s dig into the relative performance of Figs (NYSE:FIGS) and its peers as we unravel the now-completed Q2 apparel, accessories and luxury goods earnings season.
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the apparel, accessories and luxury goods industry, including Carter's (NYSE:CRI) and its peers.
Let’s dig into the relative performance of Under Armour (NYSE:UAA) and its peers as we unravel the now-completed Q2 apparel, accessories and luxury goods earnings season.
GUESS launches GUESS Again, a customer recycling program in partnership with SuperCircle, the textile recycling platform powering consumer trade-in for leading brands and retailers investing in a circular future.
Guess?, Inc. reported lower Q2 results and cut FY25 EPS guidance below estimates. Net revenue rose 10%, but adjusted earnings fell 41.6%. The company also approved a dividend and buyback program. Q3 revenue expected to rise 14.5-16.5%, but FY25 outlook lowered due to soft consumer environment.
