Guess? Inc. (GES) is benefiting from ongoing momentum and strong customer response to its brand. The company is committed to its six key strategies and made remarkable progress against each of them. However, a volatile shopping environment globally remains a threat.Let’s delve deeper.Growth Efforts in PlaceGuess? remains optimistic about its robust global platform, which will facilitate growth and expansion of the company’s Guess and Marciano businesses, alongside rag & bone, which will mark the company’s f ...

Guess?, Inc. (GES) and WHP Global, a global brand management firm, completed the previously announced (on Feb 16, 2024) acquisition of rag & bone, a New York-based fashion brand. Guess? paid $57.1 million for the acquisition, apart from contributions from WHP Global.Concurrently, GES now owns all the operating assets of rag & bone, while both parties have jointly acquired rag & bone’s intellectual property. Guess? expanded its existing asset-based revolving credit facility by $50 million to reach $200 milli ...

Shares of Guess?, Inc. (GES) rose 6.1% on Apr 1, 2024, following news related to a share repurchase program. The apparel and accessories company authorized a new share buyback plan of up to $200 million of its common stock. The company also unveiled that it will repurchase 326,429 shares worth $10.3 million through a convertible bond exchange transaction as part of its new program. The latest announcement underscores its financial health and commitment to shareholder value.The newly-unveiled buyback plan fo ...

Guess (GES) shares rallied 6.1% in the last trading session to close at $33.40. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 24.2% gain over the past four weeks.Guess?’s shares rallied following news related to authorization of a new share buyback plan of up to $200 million of its common stock. The company also unveiled that it will repurchase 326,429 shares worth $10.3 million through a convertible bond e ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended February 3, 2024 OR +41 91 809 5000 (Exact name of registrant as specified in its charter) ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Delaware 95-3679695 For the transition period from to (Address, including zip code, and telephone number, including a ...

The impact of artificial intelligence on the industry has revolutionized the stock market. Names like Nvidia (NASDAQ: NVDA) and SuperMicro (NASDAQ: SMCI) are now commonplace, with names like Micron (NASDAQ: MU) sparking interest among investors.However, analysts have chosen Microsoft (NASDAQ: MSFT) as the company poised to gain the most from the generative AI trend in the coming years, rather than any of these other contenders.Reasons for picking MSFT stockJefferies has identified Microsoft as the leading b ...

The retail sector looks poised for a continued rebound with Guess (GES)  and Signet Jewelers (SIG)  being the most recent retailers to pass their quarterly earnings expectations on Wednesday.Keeping track of the Zacks Retail and Wholesale sector scorecard 64% of these stocks have surpassed their bottom line expectations this earnings season and now appears to be a good time to buy Guess and Signet Jewelers stock.Image Source: Zacks Investment ResearchFavorable Q4 ResultsGuess shares popped +20% today after ...

Guess? Inc. (GES) reported solid fourth-quarter fiscal 2024 results, wherein both the top and bottom lines increased year over year and beat the Zacks Consensus Estimate. The robust performance encouraged management to announce a special dividend, reflecting its commitment to shareholders.Results benefited from robust brand momentum globally and strong customer response to its collections across various product categories. Management remains optimistic about its robust global platform, which will facilitate ...

For the quarter ended January 2024, Guess (GES) reported revenue of $891.05 million, up 9% over the same period last year. EPS came in at $2.01, compared to $1.74 in the year-ago quarter.The reported revenue represents a surprise of +4.15% over the Zacks Consensus Estimate of $855.54 million. With the consensus EPS estimate being $1.55, the EPS surprise was +29.68%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectat ...

Exhibit 99.1 GUESS?, INC. REPORTS FISCAL YEAR 2024 FOURTH QUARTER RESULTS Fourth Quarter Fiscal 2024 Results: Revenues Increased to $891 Million, Up 9% in Both U.S. Dollars and Constant Currency Delivered Operating Margin of 16.3%; Adjusted Operating Margin of 14.6% GAAP EPS of $1.71 and Adjusted EPS of $2.01 Full Fiscal Year 2024 Results: Revenues Increased to $2.8 Billion, Up 3% in Both U.S. Dollars and Constant Currency Delivered Operating Margin of 9.5%; Adjusted Operating Margin of 9.2% GAAP EPS of $3. ...