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Investing.com -- Guess?, Inc. (NYSE:GES) saw its shares climb 5.4% after the fashion retailer reported better-than-expected first quarter revenue and provided a mixed outlook for the full fiscal year.
The company posted Q1 revenue of $648 million, surpassing analyst estimates of $630.38 million and representing a 9% increase YoY. However, Guess? reported a loss per share of $0.65, which was wider than the $0.52 loss analysts had projected.
For the full fiscal year 2026, Guess? forecasts adjusted earnings per share between $1.32 and $1.64, compared to the consensus estimate of $1.46. The company expects revenue to increase between 5.5% and 7.4% in U.S. dollars.
Carlos Alberini, Chief Executive Officer, commented on the results: "We are encouraged by our first quarter performance, which came in ahead of expectations across key metrics. Revenue grew 9% in U.S. dollars and 12% in constant currency, reflecting the successful integration of rag & bone and continued momentum in our wholesale businesses across Europe and the Americas."
The company’s Q1 performance was bolstered by strong growth in its Americas Wholesale segment, which saw revenues surge 63% in U.S. dollars. However, Guess? faced challenges in its retail operations, with comparable sales declining in Europe, Americas Retail, and Asia.
Looking ahead, Guess? provided second quarter guidance that fell short of analyst expectations, projecting EPS between $0.11 and $0.21, below the consensus of $0.31.
The company also announced a quarterly cash dividend of $0.30 per share, payable on July 3, 2025, to shareholders of record as of June 18, 2025.
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