Persistent inflationary pressures and disruptions in the supply chain are persistent challenges for many players within the Zacks Textile - Apparel industry. Additionally, heightened SG&A expenses are impacting profitability across the sector.Despite these challenges, Lululemon Athletica Inc. (LULU) , Ralph Lauren Corporation (RL) , PVH Corp. (PVH) and Guess?, Inc. (GES) are strategically positioned for growth due to their efforts to enhance physical and digital operations coupled with strong brand developm ...

A month has gone by since the last earnings report for Guess (GES) . Shares have lost about 18.4% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Guess due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Guess? Q4 Earnings & Revenues Top Estimates, Grow Y/YGuess? re ...

Guess? Inc. (GES) is committed to pursuing its six key strategies to achieve growth. The contemporary apparel and accessories company is reaping benefits from the ongoing momentum and impressive customer response to its brand. That being said, Guess? Is not immune to the rising cost environment.Let’s discuss this in detail.What’s Working in Guess?’s FavorGuess? is benefiting from robust brand momentum globally and strong customer response to its collections across various product categories. Management is o ...

The latest trading session saw Guess (GES) ending at $28.09, denoting a -1.78% adjustment from its last day's close. This change lagged the S&P 500's 0.74% gain on the day. At the same time, the Dow lost 0.01%, and the tech-heavy Nasdaq gained 1.68%.The the stock of clothing company has risen by 11.5% in the past month, leading the Consumer Discretionary sector's loss of 2.3% and the S&P 500's gain of 0.8%.The investment community will be paying close attention to the earnings performance of Guess in its up ...

Guess? Inc. (GES) is benefiting from ongoing momentum and strong customer response to its brand. The company is committed to its six key strategies and made remarkable progress against each of them. However, a volatile shopping environment globally remains a threat.Let’s delve deeper.Growth Efforts in PlaceGuess? remains optimistic about its robust global platform, which will facilitate growth and expansion of the company’s Guess and Marciano businesses, alongside rag & bone, which will mark the company’s f ...

Guess?, Inc. (GES) and WHP Global, a global brand management firm, completed the previously announced (on Feb 16, 2024) acquisition of rag & bone, a New York-based fashion brand. Guess? paid $57.1 million for the acquisition, apart from contributions from WHP Global.Concurrently, GES now owns all the operating assets of rag & bone, while both parties have jointly acquired rag & bone’s intellectual property. Guess? expanded its existing asset-based revolving credit facility by $50 million to reach $200 milli ...

Shares of Guess?, Inc. (GES) rose 6.1% on Apr 1, 2024, following news related to a share repurchase program. The apparel and accessories company authorized a new share buyback plan of up to $200 million of its common stock. The company also unveiled that it will repurchase 326,429 shares worth $10.3 million through a convertible bond exchange transaction as part of its new program. The latest announcement underscores its financial health and commitment to shareholder value.The newly-unveiled buyback plan fo ...

Guess (GES) shares rallied 6.1% in the last trading session to close at $33.40. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 24.2% gain over the past four weeks.Guess?’s shares rallied following news related to authorization of a new share buyback plan of up to $200 million of its common stock. The company also unveiled that it will repurchase 326,429 shares worth $10.3 million through a convertible bond e ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended February 3, 2024 OR +41 91 809 5000 (Exact name of registrant as specified in its charter) ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Delaware 95-3679695 For the transition period from to (Address, including zip code, and telephone number, including a ...

The impact of artificial intelligence on the industry has revolutionized the stock market. Names like Nvidia (NASDAQ: NVDA) and SuperMicro (NASDAQ: SMCI) are now commonplace, with names like Micron (NASDAQ: MU) sparking interest among investors.However, analysts have chosen Microsoft (NASDAQ: MSFT) as the company poised to gain the most from the generative AI trend in the coming years, rather than any of these other contenders.Reasons for picking MSFT stockJefferies has identified Microsoft as the leading b ...