Guess Lowers FY25 Guidance to Reflect "Softer Consumer Environment"

Seeking Alpha08-29

Guess reported mixed results for the second quarter, beating sales expectations but missing profit estimates by a penny per share. The company also cut its outlook for FY25 to carefully manage costs ...

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The company also cut its outlook for FY25 to carefully manage costs ...</p>\n\n<a href=\"https://seekingalpha.com/news/4144804-guess-lowers-fy25-guidance-reflect-softer-consumer-environment\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://seekingalpha.com/news/4144804-guess-lowers-fy25-guidance-reflect-softer-consumer-environment","article_id":"1136397785","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1136397785","pubTimestamp":1724926474,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":" $Guess(GES)$  reported mixed results for the second quarter, beating sales expectations but missing profit estimates by a penny per share. 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Net revenue increased 10% to $732.6M and beat the estimated $730M.Driven lower by higher expenses, the impact of newly acquired businesses and increased promotional pricing, adjusted operating margin dropped 460 basis points to 4.6%. Regionally, total sales were up in both the Americas and Europe but dropped by 8% in Asia. Comparable sales were mixed, with a 1% gain in Europe, but down 10% and 14% in the Americas and Asia, respectively.For Q3, adjusted earnings are projected to be between $0.33 to $0.45 per share, missing the consensus estimate of $0.60 per share, while the adjusted operating margin is expected to be between 4.7% to 5.8%.For the fiscal year 2025, Guess(GES) lowered their earnings expectations to be between $2.42 and $2.70 per share from initial guidance of $2.62 to $3.00 per share, falling short of the consensus estimate of $3.09 per share. 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