Guess?, Inc. Reports First Quarter Results
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Jefferies Cuts Price Target on Guess? (GES) to $18 Following 1Q Miss
May 26, 2016 9:45 AM EDTJefferies maintained a Hold rating on Guess (NYSE: GES), and cut the price target to $18.00 (from $20.00), following the company's 1Q earnings report. Results missed expectations, driven by a weaker top-line, including NA comps of (4%) versus the Street of (1.6%). However, Europe was a bright spot,... More
UPDATE: Guess? (GES) Misses Q1 EPS by 4c, Lowers FY Guidance
May 25, 2016 4:19 PM EDT(Updated - May 25, 2016 4:22 PM EDT)
Guess? (NYSE: GES) reported Q1 EPS of ($0.23), $0.04 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $426.5 million versus the consensus estimate of $464.37 million.
Victor Herrero, Chief Executive Officer, commented, "Our first quarter adjusted operating loss finished at the low-end of our guidance as sales finished below our expectations. In the Americas, our retail business in the US and Canada was very challenging, especially in the month of April. In Europe, our retail business performed extremely well and delivered positive comp... More
