Guess?, Inc. ( (GES) ) has released its Q2 earnings. Here is a breakdown of the information Guess?, Inc. presented to its investors.
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Guess?, Inc. is a global lifestyle brand known for designing, marketing, and distributing contemporary apparel, denim, and accessories, with a presence in over 100 countries through its retail stores and partners.
Guess?, Inc. reported a 6% increase in revenues for the second quarter of fiscal year 2026, reaching $773 million. The company achieved a GAAP earnings per share of $0.12 and an adjusted earnings per share of $0.26, driven by strong performance in its European and Americas Retail segments.
Key financial highlights include a 14% revenue increase in Europe and a slight decline in the Americas Retail and Wholesale segments. The company’s operating margin decreased to 2.3% from 6.5% in the previous year, primarily due to higher expenses and markdowns. Additionally, Guess? announced a strategic partnership with Authentic Brands Group, which will result in the company going private.
Despite a challenging environment, Guess? managed to improve its net earnings to $6.2 million from a loss in the previous year, although adjusted net earnings decreased by 40%. The company is also in the process of a take-private transaction, which is expected to close in the fourth quarter of fiscal year 2026.
Looking ahead, Guess? is focusing on strategic partnerships and operational improvements to navigate the evolving retail landscape, although it has suspended its financial guidance due to the pending transaction.