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GES Guess? News Story

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Clothing firm Guess Q2 revenue beats estimates

Overview

Guess fiscal Q2 2026 rev rises 6% to $773 mln, beating analyst expectations

Adjusted EPS for fiscal Q2 2026 beats estimates, driven by strong European sales

Co enters take-private deal with Authentic Brands Group, closing expected in fiscal Q4 2026

Outlook

Company suspends fiscal 2026 financial guidance due to proposed transaction with Authentic Brands Group

Result Drivers

EUROPEAN SALES - Strong performance in Europe with a 14% revenue increase in U.S. dollars, driving overall revenue growth

AMERICAS DECLINE - Americas Retail and Wholesale segments saw revenue declines, impacting overall performance

HIGHER EXPENSES - Increased expenses and markdowns led to a decrease in operating margin despite revenue growth

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$773 mln$760.80 mln (3 Analysts)
Q2 Adjusted EPSBeat$0.26$0.16 (3 Analysts)
Q2 EPS$0.12
Q2 Adjusted Net IncomeBeat$13.80 mln$8.97 mln (3 Analysts)
Q2 Net Income$6.20 mln
Q2 Adjusted EBITBeat$28.50 mln$24.60 mln (3 Analysts)
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell" The average consensus recommendation for the apparel & accessories retailers peer group is "hold" Wall Street's median 12-month price target for Guess? Inc is $13.00, about 29.6% below its August 26 closing price of $16.85 Press Release: ID:nBw3QN3b5a (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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