×
104 890
Fashion Jobs
HOMEGOODS
Tucson - Distribution Center Accuracy Control Supervisor
Permanent · Tucson
HOMEGOODS
Loss Prevention Detective
Permanent · Cincinnati
HOMEGOODS
dc Loss Prevention Specialist
Permanent · Jefferson
MACY'S
Asset Protection Detective, San Francisco Union Square - Full Time
Permanent · San Francisco
MACY'S
Asset Protection Detective, Sherman Oaks Fashion Square - Full Time
Permanent · Los Angeles
MACY'S
Asset Protection Security Guard, Northridge Fashion Center - Part Time
Permanent · Los Angeles
MACY'S
Asset Protection Detective, Puente Hills - Part Time
Permanent · City of Industry
MACY'S
Asset Protection Detective, Beverly Center - Full Time
Permanent · Los Angeles
MACY'S
Asset Protection Captain, Roosevelt - Full Time
Permanent · Philadelphia
MACY'S
Asset Protection Detective, Christiana - Part Time
Permanent · Newark
NORDSTROM
Asset Protection - Security Ambassador - Galleria at Roseville
Permanent · Roseville
CWF (CHILDREN WORLWIDE FASHION)
Ecommerce & Digital Coordinator
Permanent · NEW YORK
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Ontario
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Hammond
FOOT LOCKER
Community Marketing Manager- San Francisco
Permanent · San Francisco
OLD NAVY
Assistant General Manager - Rookwood Commons
Permanent · Cincinnati
KOHLS
Full-Time Loss Prevention Officer
Permanent · Milwaukee
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · University Park
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Bel Air
KOHLS
Full-Time Loss Prevention Officer
Permanent · Norwalk
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Scottsdale
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · York
Advertisements
Published
Nov 24, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Guess revenues climb 13%

Published
Nov 24, 2021

Apparel retailer Guess?, Inc.’s revenue for the third quarter ended October 30, 2021, totaled $643.1 million, up 13.0% from $569.3 million in the prior-year period. In constant currencies, growth was 12.8%.  
 

Guess saw its revenue rise 13.0% year over year in Q3 - Instagram: @guess / @yasminekateb


The Los Angeles-based company made particular progress in the Americas, where sales in its retail business rose 30% year over year to $169.6 million and wholesale revenues increased 64% to $59.0 million. The group’s licensing business also achieved solid growth of 37%, posting revenues of $26.6 million.
 
Alongside its usual year-over-year figures, Guess also provided a comparison of its latest Q3 results with those it reported two years ago, prior to the disruption caused by the Covid-19 pandemic. Compared to the third quarter ended November 2, 2019, when the company reported revenue of $643.1 million, its most recent Q3 revenues represented an increase of 4.4%. In constant currencies, growth was 2.1%.

Guess’ net earnings in this year’s third quarter came to $29.9 million, up 13.3% from $26.4 million last year and 140.5% from $12.4 million two years ago. Diluted earnings per share were $0.45, increasing 9.8% from $0.41 in the previous year’s third quarter and 150.0% from $0.18 the year before.
 
Looking at the first nine months of this year, Guess’ net revenue totaled $1.79 billion, representing a year-over-year increase of 45.9% from $1.23 billion and a decrease of 2.4% from $1.84 billion in the same period two years ago.
 
Year to date, net earnings were $102.9 million, or $1.55 per diluted share, compared to a loss of $151.6 million, or $2.35 per diluted share, a year ago, and earnings of $16.4 million, or $0.22 per diluted share, the year before.
 
In light of the ongoing uncertainty surrounding the Covid-19 pandemic, Guess said that it would not be providing detailed guidance for the fourth quarter or the full fiscal year. The company did, however, reveal that it currently expects its fourth-quarter revenues to be down in the mid-single digits versus the same period last year. Full-year revenues are expected to see a year-over-year decline in the low-single digits.
 
“We are confident in our plans for the holiday business. Our inventory position is strong, and our customers are responding well to our assortments,” said Guess CEO Carlos Alberini in a release. “I am very pleased with our performance for the current year but I am even more excited with what lies ahead for us. I believe that we are at an inflection point at Guess and I am very confident our business is well positioned to generate superior returns in the future.”
 
Guess currently has 1,052 directly operated stores in the Americas, Europe and Asia, while its partners and distributors operate another 558 locations, making for a distribution network that spreads over approximately 100 countries worldwide.

Copyright © 2021 FashionNetwork.com All rights reserved.