Guess?, Inc. Reports First Quarter Results

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Go back to Guess?, Inc. Reports First Quarter Results

Guess? (GES) Misses Q1 EPS by 93c, Revenues Miss

June 10, 2020 7:31 AM EDT

Guess? (NYSE: GES) reported Q1 EPS of ($1.81), $0.93 worse than the analyst estimate of ($0.88). Revenue for the quarter came in at $260 million versus the consensus estimate of $312.09 million.

Preserved Liquidity and Reduced Cost Structure to Mitigate the Impact of the COVID-19 CrisisQ1 Fiscal 2021 Revenues Decreased 52% to $260 Million; Decreased 50% in Constant Currency Driven by COVID-19 Related Store ClosuresQ1 Fiscal 2021 GAAP Loss per Share of $2.40, Compared to $0.27 in Q1 Fiscal 2020; Q1 Fiscal 2021 Adjusted Loss per Share of $1.81, Compared to $0.25 in Q1 Fiscal 2020

Carlos Alberini, Chief Executive Officer, commented, The... More