Friday, June 7, 2019

Guess grows loss and revenue in Q1

Chain Store Age
Guess Inc. beat Wall Street expectations with generally positive financial results for the first quarter of fiscal 2020.

Guess saw its adjusted net loss grow 10% to $19.6 million from $17.8 million the first quarter of the previous fiscal year. However, the vertical apparel retailer also increased total net revenue for the first quarter 3% to $536.7 million, compared to $521.3 million in the prior-year quarter. U.S. same-store sales, including e-commerce, rose 4%. U.S. retail revenue climbed 3%.. . . more

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