Guess?, Inc. (NYSE:GES) shares are trading lower after the company reported second-quarter results yesterday and cut its FY25 adjusted EPS guidance below estimates.
Net revenue rose 10% Y/Y to $732.6 million, beating the consensus of $729.96 million. On a constant currency basis, revenue grew by 13% Y/Y. Adjusted EPS of $0.42 missed the street view of $0.43.
Europe revenues grew 5% Y/Y, Americas Retail revenues rose 8% Y/Y and Americas Wholesale revenues surged 93% Y/Y in the quarter.
On the other hand, Asia revenues decreased by 8% and Licensing revenues increased by 4% Y/Y in U.S. dollars in the quarter.
Adjusted earnings from operations fell 41.6% Y/Y to $37.9 million, with operating margin decreasing 4.6 ppt Y/Y to 5.2%. The decline is due to higher expenses, the impact of newly acquired ...
