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) will participate in a fireside chat at the ICR Conference on January 9, 2023, at 8:30 a.m. Eastern Time. The event will feature CEO Carlos Alberini, Interim CFO Dennis Secor, and VP of Finance and Investor Relations Fabrice Benarouche. The fireside chat will be webcast live, with materials available for 30 days post-conference. As of October 29, 2022, Guess? operates 1,064 stores in the Americas, Europe, and Asia, with an additional 566 stores operated by partners and distributors worldwide.
Guess? reported Q3 Fiscal 2023 revenues of $633 million, a 2% decline in U.S. dollars but a 10% increase in constant currency compared to Q3 Fiscal 2022. The company achieved an operating margin of 8.6% and EPS of $0.34. For Fiscal 2023, it projects revenue growth of approximately 2% in U.S. dollars and 10.5% in constant currency, with expected GAAP EPS of $1.82. The CEO expressed confidence in the brand's performance amid challenges, citing strong European business growth as a key driver.
Guess? (NYSE: GES) will announce its third-quarter financial results for fiscal year 2023 on November 22, 2022, at 4:45 p.m. ET. The reporting period ended on October 29, 2022. Investors can access a live webcast of the conference call through the Investor Relations section on the company's website. As of July 30, 2022, Guess? operated 1,064 retail stores in the Americas, Europe, and Asia, with 567 additional stores run by partners and distributors worldwide.
GUESS has partnered with photographer Eli Russell Linnetz to re-envision GUESS USA, infusing the brand with a modern take on Western American aesthetics. The collection, inspired by past designs from the 80s to 2000s, features pieces reminiscent of artisanal roadside boutiques, such as distressed leathers and faded denim. The Fall 2022 collection is exclusively distributed through global partner Slam Jam to select retailers. This collaboration aims to redefine GUESS’s visual identity while showcasing its extensive design archive.
Guess? reported Q2 Fiscal 2023 revenues of $643 million, a 2% increase in U.S. dollars and 12% in constant currency compared to Q2 Fiscal 2022. The GAAP EPS dropped 61.5% to $0.35, with an adjusted EPS of $0.39, down 59.4%. The company expects revenue growth of 1.5% in U.S. dollars and 9.5% in constant currency for Fiscal 2023. An accelerated share repurchase of $175 million led to the repurchase of 8.5 million shares. The operating margin decreased to 8.3% due to rising markdowns and higher labor costs.
Guess?, Inc. (NYSE: GES) will announce its second quarter fiscal 2023 financial results on August 24, 2022, following the close of trading. The conference call, scheduled for 4:45 p.m. ET, will be web streamed and accessible via the company's website. As of April 30, 2022, Guess? operated 1,073 retail stores across the Americas, Europe, and Asia, with an additional 565 stores run by partners and distributors, reaching approximately 100 countries worldwide.
GUESS has launched its Fall-Winter 2022 advertising campaign in Granada, Spain, showcasing a vibrant collection for both men and women. The campaign, captured by photographer Tatiana Gerusova and directed by Chief Creative Officer Paul Marciano, highlights modern styles, including eye-catching prints and a diverse color palette. The GUESS Women’s collection features stylish winter outfits, while the Men’s collection incorporates a mix of casual and smart styles. The campaign will be featured in international fashion magazines and stores.
GUESS has partnered with Homeboy Industries to launch the Upcycled Collection, transforming recycled clothing into unique fashion items. This initiative supports GUESS’s commitment to sustainability and community upliftment, allowing Homeboy Recycling to diversify its operations into textiles. The collection features various products, including tote bags and patchwork denim, promoting circular fashion. Homeboy Industries provides job training and support to marginalized individuals, further emphasizing the socially responsible aspect of this collaboration. For more details, visit guess.com/sustainability.
Guess?, Inc. (NYSE: GES) has successfully completed a $175 million accelerated share repurchase program, receiving a total of 8.5 million shares at an average price of $20.68 per share. The company also repurchased an additional 0.5 million shares for $11.7 million, bringing the total repurchased shares to 9 million for $186.7 million this fiscal year at an average price of $20.78 per share, representing over 14% of outstanding shares. This share buyback reflects the company's commitment to enhancing shareholder value.
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