Guess? slips after earnings, Q1 results beat forecasts

Investing.com - Guess? Inc (NYSE: GES) experienced a 2.1% decline in after-hours trading on Thursday, following the announcement of its Q1 earnings results.

The company reported losses of $0.27 per share, better than expected losses of $0.39 per share, while revenues came in at $592 million versus $576.57 million expected.

CEO Carlos Alberini expressed satisfaction with the Q1 results, commenting, "We delivered revenue growth of 4% in US dollars and 7% in constant currency, driven by a remarkable performance of our Licensing and Americas wholesale businesses and strong results in Europe and Asia. Revenues in our Americas retail business finished flat for the quarter, as we continued to experience softness in certain of our businesses in the region due to slower customer traffic."

Paul Marciano, Co-Founder and Chief Creative Officer, also highlighted the recent acquisition of rag&bone and the potential for global business expansion.

For FY2025, Guess? projects an EPS in the range of $2.62-$3.00, compared to the consensus estimate of $2.81.

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