GUESS Announces Q2 Earnings Results for 2024 Fiscal Year
September 6, 2023
🌥️Earnings Overview
On July 31, 2023, GUESS ($NYSE:GES) reported their earnings results for the second quarter of fiscal year 2024, revealing a total revenue of USD 664.5 million, a 3.4% increase from the same period the year before. Additionally, net income was reported at USD 39.0 million, a rise of 62.9% from the same quarter of the prior year.
Price History
On Wednesday, GUESS announced its financial results for the second quarter of the 2024 fiscal year. The company reported a 0.7% increase in the stock price, opening at $18.1 and closing at $18.3, up from the previous closing price of 18.2. GUESS was able to increase their quarterly earnings significantly and exceeded their forecasted estimates. The company’s success is attributed to their new product launches and their focus on expanding their international presence.
Additionally, GUESS has been focusing on creating a customer-centric strategy that involves increased engagement with their customers and increased online presence. As a result, GUESS has seen an increase in sales and brand recognition. Overall, the future of GUESS looks bright as the company continues to focus on their successful strategies and seek out innovative ways to increase their presence in the global market. With the second quarter results in, investors are now looking ahead to see how the company will perform for the rest of the fiscal year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Guess. GUESS_Announces_Q2_Earnings_Results_for_2024_Fiscal_Year”>More…
| Total Revenues | Net Income | Net Margin |
| 2.69k | 143.76 | 6.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Guess. GUESS_Announces_Q2_Earnings_Results_for_2024_Fiscal_Year”>More…
| Operations | Investing | Financing |
| 214.96 | -74.47 | -22.79 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Guess. GUESS_Announces_Q2_Earnings_Results_for_2024_Fiscal_Year”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.49k | 1.95k | 9.13 |
Key Ratios Snapshot
Some of the financial key ratios for Guess are shown below. GUESS_Announces_Q2_Earnings_Results_for_2024_Fiscal_Year”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.3% | 156.9% | 7.4% |
| FCF Margin | ROE | ROA |
| 6.6% | 26.6% | 5.0% |
Analysis
At GoodWhale, we recently conducted an in-depth analysis of GUESS‘s wellbeing. After evaluating the company’s financial and business aspects, we have concluded that it is a medium risk investment. In our analysis, we identified two risk warnings in the income sheet and balance sheet. If you’re interested in knowing more, you can register on our website and take a look for yourself. All the information you need to make an informed decision is right there. At GoodWhale, we pride ourselves on delivering the most up-to-date and reliable information to help you make the best investment decisions possible. We hope you’ll use GoodWhale to evaluate any future investments you may make. More…
Peers
Guess? Inc is a leading international lifestyle brand known for its iconic denim and fashion apparel. Along with Guess?, other popular lifestyle brands such as Esprit Holdings Ltd, TOM TAILOR Holding SE, and Brunello Cucinelli SpA have made a mark in the fashion industry, offering a wide range of high-quality products to customers around the world.
– Esprit Holdings Ltd ($SEHK:00330)
Esprit Holdings Ltd is a global fashion lifestyle company that designs, develops, and sells clothing, accessories, and home furnishings. The company has a market cap of 2.38 billion as of 2022, indicating its size and market presence. Additionally, Esprit Holdings Ltd has a Return on Equity (ROE) of 3.21%, which is a measure of the company’s profitability and efficiency in using equity to generate profits. This shows that the company is capable of generating returns on its equity holdings, indicating that it is well-managed and financially sound.
– TOM TAILOR Holding SE ($LTS:0MMJ)
TOM TAILOR Holding SE is a German-based fashion company that designs and sells apparel, footwear, and accessories for men, women, and children. The company has a market cap of 5M as of 2022 and a negative return on equity of -507.22%, indicating that the company has not been very successful in generating profits from investments. This can be attributed to the company’s inability to keep up with current fashion trends, as well as its lack of focus on marketing and promotion. Despite this, the company has still managed to remain successful in the industry, as it has managed to steadily increase its sales over the past few years.
– Brunello Cucinelli SpA ($LTS:0Q7S)
Brunello Cucinelli SpA is an Italian luxury fashion house based in Solomeo, Italy. Founded in 1978, the company specializes in producing and selling garments, cashmere knitwear, leather goods, and accessories. As of 2022, the company has a market cap of 4.74 billion and a Return on Equity of 23.98%. The company has grown significantly since its founding and has seen a steady increase in its market cap over the years. Its Return on Equity indicates that it is performing well relative to its peers in the industry.
Summary
Investors in GUESS are likely pleased with the company’s second quarter fiscal year 2024 earnings results, which saw total revenue increase by 3.4%, and net income grow by 62.9%. Shares of the company have responded positively to the news, climbing in the wake of the positive earnings report. Despite the strong results, analysts remain cautious about future performance, as the current economic climate is uncertain due to the pandemic. Nevertheless, investors appear optimistic about the company’s future growth potential.
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