Reports Q2 revenue $773M, consensus $760.76M. Carlos Alberini, Chief Executive Officer, commented, “We are pleased with our second quarter performance, as we delivered revenues ahead of our expectations for the period. Our improved revenues were mainly driven by stronger than expected comparable store sales in our European business and in our Americas Retail segment, which showed continued improvement in same store sales versus the prior quarter. During the period we managed margins and expenses well, which, coupled with the revenue growth, led to GAAP earnings per share within our range of expectations and better than expected adjusted earnings per share.”
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GES:
- Guess price target raised to $16.75 from $13 at Telsey Advisory
- Target names CEO successor, Guess to go private: Morning Buzz
- Guess? Announces Merger Agreement with Authentic Brands
- Authentic Brands to take Guess private in $16.75 per share acquisition
- Guess to go private, shareholders to receive $16.75 per share in cash
