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Guess Inc. - GES STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Guess's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Guess's position in the market.

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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.13%
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buyback
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.13%
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none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.69%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.09%
Tags
conferences earnings
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.86%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.54%
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none
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1%
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none
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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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End-of-Day
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Rhea-AI Summary
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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Guess Inc.

NYSE:GES

GES Rankings

GES Stock Data

1.48B
41.03M
49.75%
68.65%
14.2%
Family Clothing Stores
Retail Trade
Link
US
Los Angeles

About GES

in 1981, guess sold its very first pair of jeans to bloomingdale's department store. since then, guess has grown, becoming one of today's most recognized and influential apparel brands in the world. the continued dedication and commitment of our employees is the driving force of guess, inc. our talented professionals focus on leading the company with their vision of success. join the team at guess and bring your vision to life. guess is seeking eager, passionate individuals to uphold our commitment to the spirit of the guess family of brands including guess, marciano, guess factory, and g by guess.