×
1 324
Fashion Jobs
ESTÉE LAUDER
Operations Support Manager
Permanent · Petersfield
ESTÉE LAUDER
jo Malone London - Omnichannel Operations Manager
Permanent · London
ESTÉE LAUDER
Multi-Brand - Business Manager, 37.5 Hours - Oxford - John Lewis
Permanent · Oxford
V. F. CORPORATION
Key Account Manager
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Boots Bath - 28 Hours - Permanent
Permanent · Bath
CONVERSE
Strategic Account Executive
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Covent Garden, London - 20 Hours - Permanent
Permanent · London
SHISEIDO
National Account Manager
Permanent · London
TIMBERLAND
Credit Controller - French Speaking - Timberland
Permanent · CALVERTON
ESTÉE LAUDER
Clinique - Consultant - Boots Donegall, Belfast - 15 Hours - Permanent
Permanent · Belfast
ESTÉE LAUDER
Clinique - Consultant - Boots Sedley Place, London - 10 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Stratford, London - 10 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Durham - 6 Hours - Permanent
Permanent · Durham
ESTÉE LAUDER
Clinique - Consultant - Boots Londonderry - 11 Hours - Permanent
Permanent · Londonderry
ESTÉE LAUDER
Clinique - Consultant - Boots Kensington, London - 22.5 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Donegall, Belfast - 10 Hours - Permanent
Permanent · Belfast
BRAND STABLE LTD
Wholesale Sales Executive
Permanent · LONDON
LAIDBACK LONDON
Digital Marketing Manager
Permanent · HARROW
MARSHALLS
70118-lp Detective
Permanent · Banning
ESTÉE LAUDER
Clinique - Consultant - Boots, Watford - 22.5 Hours - Part Time, Permanent
Permanent · Watford
ESTÉE LAUDER
Tom Ford Beauty - Digital Marketing Executive
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 6 Hours - Permanent
Permanent · Edinburgh
Published
Nov 27, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Guess returns to black in Q3, revenues miss

Published
Nov 27, 2019

U.S. fashion company Guess Inc. announced on Tuesday a return to profit for the third-quarter, despite total revenues falling short of analysts' expectations.


Guess


The Los Angeles-based company reported a third-quarter earnings of $12.4 million, compared with a net loss of $13.4 million the comparable quarter a year earlier. Likewise, earnings were $0.18 a share, compared with a net loss of $0.17 a share.

Adjusted earnings were $0.22 a share, up from $0.13 cents a share, said Guess. Analysts polled by FactSet were expecting $0.18 cents a share.

For the three months ending November 2, Guess recorded net revenues of $615.9 million, up 1.7%. However, the rise missed analysts' expectations of net revenue of $620.6 million for the three months.

By region, Americas retail revenue decreased 4.9% in U.S. dollars and 4.5% in constant currency, while retail comp sales including e-commerce decreased 3% in U.S. dollars. Domestic wholesale revenues increased 7% in U.S. dollars and 8.1% in constant currency.

Internationally, European revenues increased 9.1% in U.S. dollars (13.2% in constant currency) while Asian revenues fell 8% in U.S. dollars (4.6% in constant currency).

Licensing revenues decreased 0.3% in U.S. dollars, said Guess.

"Overall, the strength of our businesses in Europe, Americas wholesale and licensing, combined with a disciplined and effective approach to manage our costs, enabled us to more than offset softness in our Americas retail and Asia businesses in the quarter," said Carlos Alberini, chief executive officer of Guess.

"For the full year, we are maintaining the high-end of our guidance and raising the low-end. This speaks to the strength of our global brand and the power of our diversified business model which provides us with multiple levers to continue to increase revenues and improve profitability.”


Guess said it expects net revenues to increase between 2.7% and 3% for the full-year, while annual earnings are predicted to weigh in at $1.20 to $1.25 per share.

Copyright © 2021 FashionNetwork.com All rights reserved.