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?, Inc. news covers the apparel and accessories brand's operating updates, product and store activity, financial results, governance matters and completed take-private transaction. The company designs, markets, distributes and licenses contemporary apparel, denim, handbags, watches, eyewear, footwear and related consumer products under the Guess? brand, including GUESS JEANS initiatives and international retail expansion.
Coverage also includes the company's post-transaction brand and operating structure. Authentic owns 51% of substantially all Guess? intellectual property, rolling shareholders own the remaining 49%, and current Guess? management owns and continues to run the operating company, with Swiss operations serving as a hub for global design, creative and distribution direction.
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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