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Guess?, Inc. - GES STOCK NEWS

Welcome to our dedicated page for Guess? news (Ticker: GES), a resource for investors and traders seeking the latest updates and insights on Guess? stock.

Guess?, Inc. (GES), a globally recognized brand, started its journey in 1981 by selling its first pair of jeans to Bloomingdale's. Over the decades, Guess has evolved into one of the most influential apparel brands, known for its stylish and contemporary clothing and accessories.

The company's core business revolves around designing, marketing, distributing, and licensing modern apparel and accessories that blend European fashion with American lifestyle. Guess? Inc. manages a diversified portfolio of brands including Guess, Marciano, Guess Factory, and G by Guess. This ensures that they cater to a wide array of customers with varying tastes and preferences.

Guess? Inc. operates across five key segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. Notably, the United States remains its largest revenue market. The company's global footprint allows it to leverage diverse market dynamics and consumer behaviors, strengthening its competitive edge.

The company's workforce is its backbone, driving innovation and success. From visionary designers to strategic marketers, each team member contributes to maintaining the brand’s esteemed market position. Guess? Inc. is always on the lookout for passionate individuals to join their team and uphold their brand ethos.

Guess continues to thrive through strategic partnerships, innovative projects, and continuous market expansion. The company’s recent achievements include expanding its e-commerce presence and improving its sustainability efforts, which resonate well with today’s conscientious consumers.

Financially, Guess? Inc. maintains a robust position, reflecting strong revenue growth and a commitment to shareholder value. The company's strategic initiatives and solid financial foundations make it a noteworthy player in the fashion industry.

For investors and enthusiasts, Guess? Inc. represents a blend of legacy, innovation, and market resilience. Stay updated with the latest news and developments as the company continues to shape the future of fashion.

News

Guess?, Inc. and WHP Global Complete the Acquisition of rag & bone Guess?, Inc. Announces $50 Million Expansion of its Existing Asset-Based Revolving Credit Facility

Rhea-AI Summary
Guess?, Inc. (GES) and WHP Global complete the acquisition of rag & bone, with Guess? contributing $57.1 million. Guess? now owns all operating assets of rag & bone, while jointly owning the intellectual property with WHP Global. Guess? also increases its borrowing capacity by $50 million to a total of $200 million.
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Guess?, Inc. Board Authorizes New $200 Million Share Repurchase Program

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Guess?, Inc. (GES) announces a new $200 million share repurchase program, including a $10.3 million repurchase through a convertible bond exchange. CEO Carlos Alberini emphasizes the company's commitment to enhancing shareholder returns and confidence in its business.
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Guess?, Inc. Announces Issuance of Approximately $12.1 Million of Additional 3.75% Convertible Notes Due 2028 and Retirement of Approximately $14.6 Million of Existing 2.00% Convertible Notes Due 2024

Rhea-AI Summary
Guess?, Inc. (NYSE: GES) announced an exchange and subscription agreement to exchange $14.6 million of 2.00% convertible senior notes due 2024 for $12.1 million of additional 3.75% convertible senior notes due 2028. Guess also plans to retire existing notes, repurchase shares, and enter into bond hedge and warrant transactions.
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Guess?, Inc. Reports Fiscal Year 2024 Fourth Quarter Results

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Guess?, Inc. (GES) reported strong financial results for the fourth quarter and full fiscal year 2024, with revenues increasing to $891 million and $2.8 billion, respectively. Operating margins were solid at 16.3% and 9.5% for the quarter and year, with GAAP EPS of $1.71 and $3.09, and adjusted EPS of $2.01 and $3.14. The company expects revenue growth between 11.5% and 13.5% for fiscal year 2025, along with special and quarterly dividends declared. The CEO and CCO expressed satisfaction with the performance, highlighting brand momentum and strategic acquisitions.
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Guess?, Inc. to Webcast Conference Call on Fourth Quarter and Fiscal Year 2024 Financial Results

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Guess?, Inc. (GES) will report its Q4 and fiscal year 2024 financial results on March 20, 2024. The company designs, markets, and distributes lifestyle products globally through retail stores and partners.
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Guess?, Inc. and WHP Global to Acquire rag & bone

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Guess?, Inc. (NYSE: GES) and WHP Global have entered into an agreement to acquire New York-based fashion brand rag & bone. The deal involves Guess? acquiring all of rag & bone's operating assets and jointly owning its intellectual property. rag & bone, known for its authentic style and quality clothing, generated approximately $250 million in revenue in 2023. The acquisition aims to diversify Guess?'s portfolio and drive growth through synergies.
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GUESS Announces Grand Re-Opening at the Forum Shops at Caesars Palace in Las Vegas

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GUESS, a global fashion and lifestyle leader, celebrates the grand re-opening of its newest store at the Forum Shops at Caesars Palace in Las Vegas. The two-story, 12,413 sq ft store offers trend-led mainline collections in apparel and denim, as well as fine jewelry, lingerie, and the distinctive Marciano collection. The re-opening signifies GUESS's commitment to innovation, quality, and style.
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GUESS Unveils New SS24 ADV Campaign With Georgina Rodríguez

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GUESS?, Inc. (GES) and Marciano announce the launch of their new SS24 ADV campaign featuring Spanish-Argentine model Georgina Rodríguez. The campaign showcases the latest GUESS and MARCIANO collections with a focus on timeless polka dot motifs, denim, and sensual fabrics. Shot in Vereda del Cortijo, Madrid, the campaign will go live mid-January 2024 and will be featured in top international fashion and lifestyle magazines, retail stores, GUESS.com, social platforms, and outdoor media.
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Guess?, Inc. Announces Issuance of Approximately $64.8 Million of Additional 3.75% Convertible Notes Due 2028 and Retirement of Approximately $67.1 Million of Existing 2.00% Convertible Notes Due 2024

Rhea-AI Summary
Guess?, Inc. (NYSE: GES) announced the exchange and subscription agreements with holders of its 2.00% convertible senior notes due 2024, exchanging $67.1 million in 2024 Notes for $64.8 million in additional 3.75% convertible senior notes due 2028. The company also entered into bond hedge and warrant transactions to limit potential dilution from the private placement transaction, and intends to retire approximately $67.1 million of the existing convertible senior notes due in 2024 and repurchase 915,467 shares of its common stock for approximately $21.1 million.
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Guess?, Inc. Announces Participation at the ICR Conference 2024

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Guess?, Inc. (NYSE: GES) will participate in a fireside chat at the ICR Conference 2024 on January 8, 2024. The chat will feature the company's CFO, EVP, and SVP Finance, Investor Relations and Chief Accounting Officer. Guess?, Inc. designs, markets, and distributes lifestyle products globally, with over 1,500 retail stores worldwide.
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FAQ

What is the current stock price of Guess? (GES)?

The current stock price of Guess? (GES) is $17.07 as of November 22, 2024.

What is the market cap of Guess? (GES)?

The market cap of Guess? (GES) is approximately 883.4M.

What does Guess?, Inc. specialize in?

Guess?, Inc. designs, markets, distributes, and licenses contemporary apparel and accessories under brands like Guess, Marciano, and G by Guess.

When was Guess?, Inc. founded?

Guess?, Inc. was founded in 1981 and sold its first pair of jeans to Bloomingdale's.

What are the key market segments of Guess?, Inc.?

Guess?, Inc. operates in Americas Retail, Americas Wholesale, Europe, Asia, and Licensing segments.

What is the largest revenue market for Guess?, Inc.?

The United States is the largest revenue market for Guess?, Inc.

What brands are included in the Guess?, Inc. portfolio?

The portfolio includes Guess, Marciano, Guess Factory, and G by Guess.

How does Guess?, Inc. maintain its market position?

Guess?, Inc. maintains its market position through innovative designs, strategic marketing, strong financial performance, and a dedicated workforce.

What recent achievements has Guess?, Inc. accomplished?

Recent achievements include expanding its e-commerce platform and improving sustainability efforts.

Is Guess?, Inc. a good investment?

Guess?, Inc. shows strong revenue growth and market resilience, making it a promising investment in the fashion industry.

What opportunities are available at Guess?, Inc.?

Guess?, Inc. offers opportunities for passionate individuals to join their team and contribute to the brand’s success.

Why is Guess?, Inc. influential in the fashion industry?

Guess?, Inc. is influential due to its stylish designs that blend European fashion with American lifestyle and its strong market presence globally.

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Guess?, Inc.

NYSE:GES

GES Rankings

#2670 Ranked by Market Cap
#361 Ranked by Dividends

GES Stock Data

883.44M
29.96M
41.73%
71.15%
15.05%
Apparel Retail
Women's, Misses', Children's & Infants' Undergarments
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United States of America
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