GUESS Reports Second Quarter Financial Results for FY2024

🌥️Earnings Overview

On August 23 2023, GUESS ($NYSE:GES) reported its financial results for the second quarter of FY2024, which ended on July 31 2023. The company registered a total revenue of USD 664.5 million, signifying a 3.4% increase compared to the same period a year ago. Net income was USD 39.0 million, representing a 62.9% year-over-year growth.

Stock Price

The company revealed that their stock opened at $18.1 and closed at $18.3, representing an increase of 0.7% from the prior closing price of 18.2. This news was well received by investors, with GUESS stock experiencing a slight increase in value. In a statement, the company highlighted its strong operational performance for the quarter, along with the successful launch of several new products.

In addition, GUESS reported that they have seen an increase in demand for their products due to rising consumer confidence, which has helped boost their revenue. This is a sign that investors remain confident in the company’s ability to deliver strong returns in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Guess. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Guess. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Guess. More…

Key Ratios Snapshot

Some of the financial key ratios for Guess are shown below. More…

Analysis

At GoodWhale, we recently performed an analysis of GUESS‘s financials. Based on our Risk Rating system, GUESS is a medium risk investment in terms of its financial and business aspects. We have detected two risk warnings in the income sheet and balance sheet, so investors should take extra caution when considering an investment in this company. To get more information on these risk warnings, please register on our website goodwhale.com. 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 should take note of the positive quarter reported by GUESS for the period ending August 23 2023. Total revenue increased 3.4% year-over-year to USD 664.5 million, while net income was a strong USD 39.0 million, up 62.9%. These numbers indicate a healthy and growing company, which is good news for investors as increased profitability drives stock prices higher. This latest report is a sign that the company is in a strong financial position and is well positioned for continued growth.