Agenda-setting intelligence, analysis and advice for the global fashion community.

Guess Beats 3Q Profit Forecasts

Guess Inc. on Wednesday reported fiscal third-quarter net income of $20.8 million. The results topped Wall Street expectations.

Guess accessories Fall/Winter 2014 | Source: Guess

Associated Press

04 December 2014

LOS ANGELES, United States — Guess Inc. on Wednesday reported fiscal third-quarter net income of $20.8 million.

The Los Angeles-based company said it had profit of 24 cents per share.

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The clothing company posted revenue of $589.8 million in the period.

For the current quarter ending in January, Guess expects its per-share earnings to range from 53 cents to 63 cents.

The company expects full-year earnings in the range of $1 to $1.10 per share.

Guess shares have fallen 29 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.16, a drop of 35 percent in the last 12 months.

In This Article

Topics

Financial Markets

Organisations

Guess

Location

Los Angeles, United States

Hermès Sales Climb, Boosted By US

Hermès second quarter sales rose 7 percent, lifted by a recovery in tourism in ⁠Europe and strong demand in the US.

How Beauty Brands Scale Past Retail Exclusivity

Expansion beyond an exclusive retail arrangement brings new growth, but brands must have the resources to make sure both old and new partners remain happy.

Stone Island’s CEO on Growing a Brand Without Selling Out

Robert Triefus believes his role as a brand leader is not to invent authenticity. It is to protect it and leave it stronger than it is found. Two years of brand tracking with BoF's advisory team, BoF Insights, confirmed Stone Island could grow without losing the authenticity that has defined it for more than four decades.

Shein Discloses FTC Probe in US, Warns of Significant Payments

According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.

The Business of Fashion