Guess Stock Price, News & Analysis

GUESS and WHP Global have announced a five-year licensee partnership between rag & bone and Signal Brands to expand the fashion brand's handbags and small leather goods category. Signal Brands, a longtime GUESS licensee since 1990, will leverage its expertise in managing global fashion brands' accessories.

The partnership aims to enhance rag & bone's global expansion through Signal's strong retail relationships and distribution network. The collaboration will launch its inaugural collection in Spring 2025, with products available at rag & bone boutiques worldwide, rag-bone.com, and premium retailers including Nordstrom and Bloomingdales in North America.

GUESS has also extended its existing partnership with Signal Brands for an additional 15 years for worldwide handbag distribution. The collaboration brings together industry veterans Paul Marciano, GUESS co-founder, and Andrew Rosen, focusing on delivering high-quality products that align with rag & bone's New York aesthetic and traditional craftsmanship.

Tilly's (NYSE: TLYS) has announced the appointment of Michael Relich to its Board of Directors. Relich brings over 40 years of retail experience, specializing in systems and information technology. His most recent position was co-CEO of PacSun, and he previously served on the board of PSEB , where he held roles as Interim CEO and COO. The new board member has extensive experience in C-level positions at major retailers including Lucky Brand, Crate & Barrel, Guess (NYSE: GES), and Wet Seal. He currently serves on the advisory board of several technology companies. Executive Chairman Hezy Shaked expressed confidence that Relich's expertise in teen and young adult retail, combined with his IT knowledge, will be valuable additions to the board.

Guess? (NYSE: GES) has announced its participation in a fireside chat at the ICR Conference 2025 on January 13, 2025, at 4:00 p.m. Eastern Time. The company will be represented by Dennis Secor, Interim CFO, and Fabrice Benarouche, SVP Finance, IR and Chief Accounting Officer.

The company recently acquired all operating assets and a 50% interest in the intellectual property assets of rag & bone, a New York-based fashion brand, on April 2, 2024. As of November 2, 2024, Guess? directly operates 1,057 retail stores across Europe, the Americas, and Asia, while its partners and distributors operate 541 additional stores worldwide, maintaining presence in approximately 100 countries.

Guess? (GES) reported Q3 fiscal 2025 results with revenues increasing 13% to $739 million. The company experienced a GAAP loss per share of $0.47 and adjusted EPS of $0.34. Growth was primarily driven by the rag & bone acquisition and modest core business growth. While Europe showed strong performance, North America and Asia faced challenges due to slow customer traffic. Based on recent trends, Guess lowered its full fiscal year 2025 outlook, now expecting revenue increase between 7.1% and 8.1% in U.S. dollars, with adjusted EPS between $1.85 and $2.00.

Guess? (NYSE: GES) has announced it will release its third quarter fiscal 2025 financial results on Tuesday, November 26, 2024. The company will host a conference call at 4:45 p.m. (ET) to discuss the results, with a live webcast available on their website. The Q3 period ended November 2, 2024. As of August 3, 2024, Guess? operated 1,054 direct retail stores across Europe, the Americas, and Asia, while partners and distributors operated 537 additional stores worldwide. Notable recent development includes the April 2, 2024 acquisition of rag & bone's operating assets and 50% of its intellectual property assets.

GUESS has launched GUESS Again, a new customer recycling program in partnership with SuperCircle, expanding its existing in-store recycling initiative. Starting October 10th, US customers can request a shipping label through the GUESS website to send in worn clothing items from any brand. SuperCircle manages the tech interface, collection, sortation, processing, and disassembly of items, working with Homeboy Threads and other recycling partners.

Customers receive GUESS credit for future purchases in exchange for recycling. This initiative complements GUESS's in-store program where customers can bring five or more clothing items to any GUESS store in the US & Canada for a discount on their next purchase. The partnership aims to reduce GUESS's carbon footprint and address textile waste, aligning with the company's ACTION GUESS commitment to develop more circular business models.

Guess?, Inc. (NYSE: GES) has announced its participation in the Goldman Sachs 31st Annual Global Retailing Conference on September 4, 2024. The company will be represented by Dennis Secor, Interim CFO, and Fabrice Benarouche, SVP Finance, IR, and Chief Accounting Officer in a fireside chat at 10:20 a.m. ET. The event will be available via live webcast on the company's investor relations website.

Guess? designs and distributes contemporary apparel and accessories globally. As of August 3, 2024, the company directly operated 1,054 retail stores in Europe, the Americas, and Asia, with partners operating an additional 537 stores worldwide. On April 2, 2024, Guess? acquired the operating assets and a 50% interest in the IP of rag & bone, expanding its presence in the American fashion scene.

Guess?, Inc. (NYSE: GES) reported Q2 fiscal 2025 results with revenues increasing 10% to $733 million. The company delivered an operating margin of 6.5% and adjusted operating margin of 5.2%. GAAP loss per share was $0.28, while adjusted EPS was $0.42. Guess lowered its full fiscal year 2025 outlook, now expecting revenue growth between 9.5% and 11.0% in U.S. dollars. The company anticipates GAAP and adjusted operating margins between 7.2% and 7.7% and 7.3% and 7.8%, respectively. GAAP EPS is projected between $1.92 and $2.14, with adjusted EPS between $2.42 and $2.70. The results reflect increased marketing investments to support international expansion and the integration of the recently acquired rag & bone brand.

Guess?, Inc. (NYSE: GES) has announced it will release its financial results for the second quarter of fiscal year 2025, ended August 3, 2024, on Wednesday, August 28, 2024. The company will host a webcast conference call at 4:45 p.m. (ET) to discuss the results. A live webcast will be available on the company's website, with a 30-day replay archive.

Guess? is a global lifestyle brand that designs, markets, and distributes contemporary apparel and accessories. The company recently acquired rag & bone, a New York-based fashion brand, on April 2, 2024. As of May 4, 2024, Guess? directly operated 1,048 retail stores worldwide, with partners and distributors operating an additional 533 stores across approximately 100 countries.