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) has engaged with Legion Partners amid ongoing public discourse. The Board of Directors proposed solutions, including an ESG committee and a capital allocation program to benefit shareholders. Despite attempts at collaboration, Legion Partners rejected the proposals and expressed concerns regarding governance. The Board refuted allegations concerning Paul Marciano, highlighting a comprehensive 2018 investigation. Guess anticipates robust performance, forecasting the best results in a decade, demonstrating successful execution of its strategic transformation plan aimed at enhancing shareholder value.
Guess?, Inc. (NYSE: GES) will disclose its fourth quarter and fiscal year 2022 financial results on March 16, 2022, following the close of its fiscal year on January 29, 2022. A conference call will be held at 4:45 p.m. ET to discuss the results, available via live webcast at www.guess.com. As of October 30, 2021, the company operated 1,052 retail stores globally, complemented by 558 partner-operated stores, making it accessible in approximately 100 countries.
Legion Partners, a significant shareholder of Guess, has released a presentation detailing numerous sexual assault and harassment allegations against Paul Marciano, co-founder and Chief Creative Officer. The firm criticizes the Board for its inaction and questions the decision to move the annual shareholder meeting forward by more than two months, viewing it as an attempt to limit shareholder rights. Legion claims the independent directors have failed to address serious allegations against Marciano, potentially impacting shareholder trust and governance at Guess.
Guess?, Inc. (NYSE: GES) responded to Legion Partners' letter, highlighting ongoing business transformation and strategies aimed at sustainable value creation. The Board noted commendations for strategic progress since 2019 under CEO Carlos Alberini. Key initiatives include enhancing global e-commerce, optimizing store footprints, and elevating brand quality. The company reported a $327 million share repurchase since 2019 and anticipates an 11% operating margin for the fiscal year, doubling pre-pandemic levels. Allegations against co-founder Paul Marciano are being vigorously contested.
Legion Partners, a key shareholder of Guess?, Inc. (NYSE: GES), has called for the removal of co-founders Paul and Maurice Marciano from the Board of Directors due to a prolonged history of sexual assault and harassment allegations against Paul Marciano. Legion Partners highlighted that at least 11 women have accused Paul Marciano of misconduct since 2009, with new allegations surfacing recently. They believe that maintaining the Marciano brothers in their positions poses significant legal and reputational risks to Guess, despite recent operational improvements under CEO Carlos Alberini.
Guess?, Inc. (NYSE: GES) will participate in a virtual fireside chat at the 24th Annual ICR XChange Conference on January 10, 2022, at 10:30 a.m. ET. Key representatives include CEO Carlos Alberini and CFO Katie Anderson. The event will be available via live webcast on investors.guess.com, with related materials accessible for 30 days post-conference. As of October 30, 2021, Guess? operates 1,052 retail stores and partners with distributors for an additional 558 stores across roughly 100 countries.
Guess?, Inc. (NYSE: GES) will participate in the Morgan Stanley Virtual Global Consumer & Retail Conference on December 1, 2021, at 12:55 p.m. Eastern Time. Key representatives include CEO Carlos Alberini and CFO Katie Anderson. The event will be available via live webcast at investors.guess.com for 30 days post-conference. Guess? operates 1,052 retail stores in the Americas, Europe, and Asia, alongside 558 partner-operated stores, totaling distribution in approximately 100 countries.
Guess? Inc. reported Q3 fiscal 2022 revenues of $643 million, a 13% increase year-over-year and a 4% increase compared to Q3 fiscal 2020. Operating margin exceeded 10%, with a Q3 EPS of $0.45. Adjusted EPS stood at $0.62. The company raised its full-year operating margin outlook to 11% and doubled its quarterly cash dividend to $0.225 per share. CEO Carlos Alberini expressed confidence in the company's holiday performance and brand strength, highlighting growth opportunities across various markets.
Guess?, Inc. (NYSE: GES) will release its financial results for the third quarter of fiscal 2022, ending October 30, 2021, on November 23, 2021, at 4:15 p.m. (ET). A conference call will be webcast, allowing investors to access results directly from the company's website. As of July 31, 2021, Guess? operated 1,046 retail stores across the Americas, Europe, and Asia, with additional distribution through 551 partner-operated stores. The company distributes its lifestyle collection globally in approximately 100 countries.
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