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? (GES) is a global leader in fashion apparel renowned for its iconic denim and trend-driven lifestyle products. This page serves as the definitive source for official company announcements, financial updates, and strategic developments impacting the retail sector.
Access real-time press releases, earnings reports, and leadership updates to stay informed about Guess?'s market position and operational milestones. Investors will find quarterly results and partnership announcements, while industry observers can track product launches and sustainability initiatives shaping the brand's trajectory.
Our curated news collection covers essential categories including financial performance, retail expansions, design collaborations, and corporate governance updates. All content is verified through primary sources to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to Guess?'s latest developments. Combine these updates with historical filings and market analysis for comprehensive investment research.
Guess?, Inc. (NYSE: GES) has announced a CFO transition, with Dennis Secor appointed as Interim Chief Financial Officer effective August 26, 2024. Secor, who previously served as Guess? CFO from 2006 to 2012, replaces Markus Neubrand, who is stepping down to pursue an opportunity closer to his family. Neubrand will remain with the company until September 30, 2024, to ensure a smooth transition.
Guess? has initiated a search for a permanent CFO, expected to be based at the company's headquarters in Lugano, Switzerland. CEO Carlos Alberini expressed confidence in Secor's leadership and the existing finance team during this transition period. Secor stated his readiness to contribute to Guess?'s ongoing transformation and value creation for shareholders.
Guess? (NYSE: GES) has announced an expansion of its European revolving credit facility by €100 million, increasing its total borrowing capacity from €250 million to €350 million. This facility, managed by its Swiss subsidiary Guess Europe Sagl, has nearly three years remaining on its term. The interest rate on the facility is tied to Guess?'s sustainability goals, including reducing greenhouse gas emissions, using sustainably sourced materials, and increasing its Guess ECO products. CEO Carlos Alberini highlighted that this expansion demonstrates lender confidence in Guess?'s strategy and the significance of the European market.
Guess? reported its fiscal 2025 first-quarter results, highlighting a 4% revenue increase to $592 million in USD and 7% in constant currency. GAAP EPS was $0.23, while adjusted EPS showed a loss of $0.27. The adjusted operating margin stood at -1.3%. The company completed the acquisition of rag & bone and integrated it into existing segments. For fiscal 2025, Guess? expects a revenue increase of 10.7% to 12.7% and adjusted EPS between $2.62 and $3.00. The company also announced a $200 million share repurchase program and a $0.30 per share dividend.
Guess? (NYSE: GES) has announced the appointment of Andrew Rosen as Executive Chair of the rag & bone brand. This follows the acquisition of rag & bone by Guess? and WHP Global. Rosen, with over 40 years in the fashion industry, will provide strategic direction and oversight. He will work alongside Guess? executives Paul Marciano and Carlos Alberini, and WHP Global CEO Yehuda Shmidman. Rosen's extensive experience includes co-founding Theory and investing in brands like Alice + Olivia. This move aims to expand rag & bone's global reach and enhance its product offerings.
Guess? (NYSE: GES) will release its first quarter fiscal 2025 financial results on May 30, 2024. The company will host a webcast conference call at 4:45 p.m. (ET) on the same day. The live webcast will be available on the Guess? investor relations site, with a replay accessible for 30 days.
Guess? designs, markets, distributes, and licenses a variety of contemporary apparel and accessories. As of February 3, 2024, Guess? directly operated 1,002 retail stores in Europe, the Americas, and Asia, with partners and distributors operating an additional 551 stores globally. On April 2, 2024, Guess? acquired the operating assets and a 50% interest in the intellectual property assets of the New York-based fashion brand rag & bone.
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