Clothing brand and retailer reports mixed results for Q3

  • Guess posts revenue growth in lower end of outlook for Q3
  • Net profit for Q3 increases to $55.7 million
  • Adjusted earnings per share lower than expected at 49 cents
  • Revenue rises 2.8% to $651.2 million, missing expectations
  • Wholesale revenue grows 4% in Americas, retail revenue drops 7%
  • Asia and Europe show modest growth in Q3

Guess has reported its fiscal third quarter results, with revenue growth falling in the lower end of the company’s outlook. The net profit for the quarter increased to $55.7 million, but adjusted earnings per share came in lower than expected at 49 cents. Revenue rose 2.8% to $651.2 million, missing analysts’ expectations. While wholesale revenue grew 4% in the Americas, retail revenue dropped 7%. Guess saw modest growth in Asia and Europe during the quarter.

Public Companies: Guess (N/A)
Private Companies:
Key People:

Factuality Level: 8
Justification: The article provides specific financial figures and compares them to previous periods and analysts’ expectations. It also includes information about the company’s revenue growth in different regions. However, it does not provide any sources for the information or additional context about the factors contributing to the company’s performance.

Noise Level: 3
Justification: The article provides clear and concise information about Guess’ revenue growth in its fiscal third quarter. It includes relevant financial figures and compares them to analysts’ expectations. However, it lacks in-depth analysis or insights into the reasons behind the revenue growth and the uncertain shopping environment mentioned.

Financial Relevance: Yes
Financial Markets Impacted: Guess, the clothing brand and retailer, reported lower-than-expected revenue growth for its fiscal third quarter. The company’s stock may be impacted by this news.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the financial performance of Guess, indicating its relevance to financial topics. However, there is no mention of an extreme event or its impact.

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