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Guess? Reports Better-Than-Expected Q1 Results

Guess? Inc (NYSE:GES) announced its Q1 earnings results yesterday. The company reported losses of $0.27 per share, which were better than the anticipated losses of $0.39 per share. Revenues came in at $592 million, exceeding the expected $576.57 million.
CEO Carlos Alberini expressed satisfaction with the company’s quarterly performance, highlighting a 4% revenue growth. This growth was driven by strong performances in the Licensing and Americas wholesale businesses, as well as robust results in Europe and Asia. However, revenues in the Americas retail segment remained flat due to lower customer traffic in certain areas.
Paul Marciano, Co-Founder and Chief Creative Officer, emphasized the recent acquisition of rag&bone and its potential for global expansion.
For fiscal 2025, the company projects an EPS range of $2.62 to $3.00, compared to the consensus estimate of $2.81.

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