GUESS is a global lifestyle brand renowned for its trendy and innovative fashion apparel, accessories, and footwear for men, women, and children
The company designs and markets a diverse range of products, including denim, casual wear, and formal attire, appealing to a youthful and fashion-forward audience. In addition to its core clothing lines, GUESS also offers handbags, watches, and other accessories, often characterized by its distinctive logo and iconic designs. With a presence in numerous countries, GUESS aims to provide stylish and quality products that resonate with consumers, reinforcing its position in the competitive fashion industry.
Shares of contemporary clothing brand Guess (NYSEGES)
jumped 28.7% in the morning session after the company announced it received a $13.00 cash acquisition offer from WHP Global. The deal would cover all outstanding shares other than those held by some existing shareholders like Paul Marciano, Maurice Marciano, and Carlos Alberini, planned to roll their stakes into the deal.
The company added that it formed a special committee to review the offer but noted that there is no guarantee that the proposed offer will be approved or completed.
U.S. retail sales miss expectations in Feb, raising concerns about consumer strength. However, some areas show resilience & economy not near recession.
Shares of Guess? are rising in premarket trading after the company received a non-binding acquisition proposal from WHP Global. Guess? has formed a Special Committee to evaluate the offer with financial and legal advisors.
Guess?, Inc. (NYSEGES) (“Guess?” or the “Company”) today announced that its Board of Directors (the “Board”) has received a non-binding proposal from WHP Global through its affiliate WHP Investments, LLC, to acquire for $13.00 per share in cash the outstanding shares of Guess?, Inc., other than shares held by certain existing shareholders, including Paul Marciano, Maurice Marciano and Carlos Alberini (collectively, the “Proposed Rollover Shareholders”). The proposal contemplates that the proposed transaction would be financed through a combination of equity and third-party debt financing, as well as rollover or reinvestment by each of the Proposed Rollover Shareholders, and assumes that the Company will operate in the ordinary course of business and that there will be no material change to the strategic and operational position of the Company.
Guess?, Inc. and its partner global brand management firm WHP Global, which jointly owns the New York-based fashion brand rag & bone, announce a five-year licensee partnership with Signal Brands – a longtime GUESS licensee partner, to develop and further expand rag & bone’s handbags and small leather goods category.
Most consumer discretionary businesses succeed or fail based on the broader economy. This sensitive demand profile can lead to some stock price volatility, but over the past six months,
the industry has stayed on track as its 6.2% return was close to the S&P 500’s.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the apparel and accessories industry, including Guess (NYSEGES) and its peers.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at apparel and accessories stocks, starting with PVH (NYSEPVH).
Guess?, Inc. (NYSEGES) announced today that the Company will be participating in a fireside chat at the ICR Conference 2025 on Monday, January 13, 2025 at 4:00 p.m. Eastern Time. The Company will be represented at the conference by Dennis Secor, Interim Chief Financial Officer, and Fabrice Benarouche, Senior Vice President Finance, Investor Relations and Chief Accounting Officer.
Shareholders of Guess would probably like to forget the past six months even happened. The stock dropped 29.4% and now trades at $14.06. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
Shares of contemporary clothing brand Guess (NYSEGES)
fell 12.9% in the morning session after the company reported weak third-quarter results, with sales and earnings falling below Wall Street's expectations. The core business recorded even weaker growth as management attributed some of the top-line strength to inorganic contributions from the Rag & Bone acquisition. Some of the headwinds were attributed to a more challenging business in North America and Asia, which resulted in slow customer traffic. This caused the company to revise its fourth-quarter outlook for revenues and earnings. Consequently, full-year sales and earnings are also expected to fall short of prior forecasts, making this a challenging quarter overall.
Contemporary clothing brand Guess (NYSEGES) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 13.4% year on year to $738.5 million. Its non-GAAP profit of $0.34 per share was 9.1% below analysts’ consensus estimates.
