Guess? Lags on Q2 Earnings, Cuts FY25 View on Consumer Slowdown
GESGuess(GES) ZACKS·2024-08-29 23:57

Guess? Inc. (GES) posted mixed second-quarter fiscal 2025 results, with the top line increasing year over year. The bottom line declined from the year-ago quarter’s reported figure and missed the consensus mark.The company is lowering its fiscal 2025 revenue and earnings outlook to reflect the current weaker consumer environment. That said, it is effectively managing its costs and inventories while still supporting business growth through investments in marketing, new stores and infrastructure. The acquisit ...