Core Insights - Guess?, Inc. (GES) reported a year-over-year increase in top-line revenue for the first quarter of fiscal 2026, driven by the acquisition of rag & bone, although the bottom line showed a decline compared to the previous year [1][10] Quarterly Performance: Key Metrics & Insights - Adjusted loss per share was $0.44, better than the Zacks Consensus Estimate of a loss of $0.70, but worse than the adjusted loss of $0.27 in the same quarter last year [2][10] - Net revenues reached $647.8 million, a 9% increase year-over-year, surpassing the consensus estimate of $631 million; on a constant-currency basis, revenues rose 12% [2] - Gross margin decreased to 39.9% from 41.9% in the prior-year quarter, while adjusted SG&A expenses rose to 44% from 43.2% [3] Segmental Performance - Americas Retail segment revenues increased by 9% in U.S. dollars and 12% at constant currency, but retail comparable sales declined by 11% in U.S. dollars and 9% at constant currency [5] - Americas Wholesale revenues surged by 63% on a reported basis and 70% at constant currency, although the operating margin fell to 19.9%, down 2.8% year-over-year [6] - Europe segment revenues grew by 8% on a reported basis and 9% at constant currency, with retail comparable sales decreasing by 4% [7] - Asia revenues dropped by 20% on a reported basis and 16% at constant currency, with retail comparable sales down 24% [8] Financial Health Snapshot - The company ended the quarter with cash and cash equivalents of $151.2 million and long-term debt of approximately $241.7 million; stockholders' equity was around $483.6 million [11] - Net cash used in operating activities for the quarter was negative $73.4 million, with free cash flow also negative at $96.4 million [11] Future Expectations - For fiscal 2026, GES expects revenue growth between 5.5% and 7.4%, an increase from the previous outlook of 3.9% to 6.2% [13] - Adjusted EPS is projected to be between $1.32 and $1.64, down from the prior estimate of $1.32 to $1.76 [14] - For the second quarter of fiscal 2026, revenue growth is expected to be between 2.9% and 4.7%, with adjusted EPS ranging from 11 to 21 cents [15]