Guess - GES STOCK NEWS

On October 5, 2021, Guess announced its partnership with QIMA to digitize its quality control program using the QIMAone platform across its global supply chain. This integration aims to enhance supplier visibility and streamline quality management processes, despite challenges posed by the COVID-19 pandemic. The QIMAone mobile app facilitates real-time monitoring and data collection, allowing Guess to proactively manage potential supplier risks. Guess sources products from approximately 30 countries and emphasizes responsible sourcing and manufacturing.

GUESS Originals has launched a 32-piece collection inspired by Anna Nicole Smith, available from October 7, 2021. Designed by Cali Thornhill Dewitt, the collection features both men's and women's apparel and accessories, drawing from iconic GUESS imagery. The campaign stars Sydney Sweeney and reflects the 1990s fashion aesthetic, with prices ranging from $12 to $248. The collaboration aims to celebrate Anna Nicole's legacy in contemporary fashion while appealing to a new generation.

Guess?, Inc. (NYSE: GES) announced participation in the Annual Wells Fargo Consumer Conference on September 23, 2021, at 10:40 a.m. PT. CEO Carlos Alberini, CFO Katie Anderson, and VP Fabrice Benarouche will represent the company. A live webcast will stream the discussion, accessible on the company’s investor relations website.

As of July 31, 2021, Guess? operated 1,046 retail stores across the Americas, Europe, and Asia, alongside 551 partner-operated stores globally, reaching approximately 100 countries.

Guess?, Inc. (NYSE: GES) will participate in a fireside chat at the Goldman Sachs Annual Global Retailing Conference on September 10, 2021, at 3:20 p.m. ET. The CEO, CFO, and VP of Finance will represent the company. The event will be available via live webcast on the company's investor relations website for 30 days after the conference. As of July 31, 2021, Guess? operated 1,046 retail stores in the Americas, Europe, and Asia, with an additional 551 stores operated by partners and distributors worldwide.

In Q2 fiscal 2022, Guess? reported revenues of $629 million, reflecting a 58% increase year-over-year but an 8% decline compared to Q2 fiscal 2020. Operating margin improved to 13.9%, more than doubling from pre-pandemic levels, while earnings per share soared to $0.91, a 160% increase from the same quarter of fiscal 2020. The company raised its full-year operating margin outlook to 10% and set a long-term goal for 12% by fiscal 2024. Additionally, a share repurchase authorization was increased to $200 million.

Guess?, Inc. (NYSE: GES) will announce its financial results for the second quarter of fiscal year 2022 on August 25, 2021. This period ended on July 31, 2021. The Company will host a conference call at 4:45 p.m. (ET) to discuss the results, which will be available via a live webcast on their website. As of May 1, 2021, Guess? operated 1,041 retail stores globally, with an additional 539 stores operated by partners and distributors across approximately 100 countries.

Guess? announced its participation in the Jefferies Virtual Consumer Conference on June 23, 2021, at 10:20 a.m. ET. The company will be represented by CEO Carlos Alberini, CFO Katie Anderson, and VP of Finance and Investor Relations Fabrice Benarouche. Interested viewers can access the live presentation through the company's investor relations website, available for 30 days post-event. Guess? designs, markets, and distributes a variety of lifestyle products, operating 1,041 retail stores globally and partnering with distributors for an additional 539 stores.

Guess? reported a strong first quarter for fiscal 2022, ending May 1, 2021, with revenues of $520 million, a 99.8% increase from $260.3 million in the prior year. The operating margin rose to 5.1%, up from negative 62.4%. Net earnings reached $12 million, marking a 107.6% improvement from a loss of $157.7 million a year earlier. Adjusted earnings per share were reported at $0.21, significantly higher than a loss of $1.81 in Q1 fiscal 2021. The company anticipates an 8.6% operating margin for the full fiscal year, indicating a positive outlook amid ongoing COVID-19 challenges.