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
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$773 mln
$760.80 mln (3 Analysts)
Q2 Adjusted EPS
Beat
$0.26
$0.16 (3 Analysts)
Q2 EPS
$0.12
Q2 Adjusted Net Income
Beat
$13.80 mln
$8.97 mln (3 Analysts)
Q2 Net Income
$6.20 mln
Q2 Adjusted EBIT
Beat
$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.)