Guess?, Inc. reported its financial results for the first quarter ended May 3, 2025, on June 3, 2025. The company announced total net revenue increased 9% to $647.8 million, or 12% in constant currency, exceeding expectations. This growth was attributed to the successful integration of rag & bone and momentum in European and Americas wholesale businesses.
The company recorded a GAAP net loss of $32.9 million, resulting in a GAAP diluted net loss per share of $0.65. Adjusted net loss was $22.3 million, with an adjusted diluted net loss per share of $0.44. The GAAP operating margin was negative 5.1%, and the adjusted operating margin was negative 4.0%.
Guess? updated its full fiscal year 2026 outlook, now expecting revenue to increase between 5.5% and 7.4% in U.S. dollars. Adjusted operating margin is projected between 4.4% and 5.1%, and adjusted EPS between $1.32 and $1.64. The outlook incorporates an expected tariff impact of less than $10 million, reflecting proactive measures to manage cost exposure.
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