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.
Guess?, Inc. (NYSE: GES) announced a strategic financial move involving the exchange and private placement of convertible senior notes. The company will extend the maturity of $184.9 million of existing 2.00% notes to 2028, issuing $275 million in new 3.75% notes. Proceeds will be used to retire $185 million in current notes, repurchase $43 million of stock, and fund general corporate purposes. The new notes feature an initial conversion rate of approximately 40.4858 shares per $1,000 principal, translating to a conversion price of about $24.70, a 30% premium over recent trading prices. Additionally, the company entered into hedge and warrant transactions to limit potential equity dilution, with a strike price of $41.80 per share, reflecting a 120% premium to recent stock prices.
Guess?, Inc. (GES) reported its fourth quarter fiscal 2023 results, achieving revenues of $818 million, reflecting a 2% increase in U.S. dollars and an 8% rise in constant currency. The company recorded an operating margin of 12.7% and an adjusted operating margin of 13.1%. For the fiscal year 2023, total revenues reached $2.7 billion, up 4% in U.S. dollars and 12% in constant currency. EPS for Q4 was $1.42, while adjusted EPS was $1.74. Looking ahead, Guess? projects a revenue growth of 1% to 3% for fiscal 2024 and a GAAP EPS range of $2.08 to $2.36. The board also approved a quarterly dividend of $0.225 per share.
Guess?, Inc. (NYSE: GES) will participate in a fireside chat at the UBS Global Consumer and Retail Conference on March 16, 2023, at 11:00 a.m. Eastern Time. CEO Carlos Alberini, Interim CFO Dennis Secor, and VP of Finance Fabrice Benarouche will represent the Company. A live webcast will be available, and materials can be accessed at investors.guess.com. Guess? designs and distributes a lifestyle collection that includes apparel, denim, handbags, and more, operating 1,064 retail stores directly and 566 through partners as of October 29, 2022.
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