From Yahoo Finance: 2025-06-09 05:17:00

Guess has updated on US tariffs and their impact, noting 75% of their business is unaffected. CEO mentioned $200m in annual purchases are affected by tariffs, but strategic shifts will limit margin reduction to less than $10m in 2025. Q1 saw revenue increase of 9%, with varying performance across regions.

The company reported a GAAP loss from operations increased by 67.5% to $33.3m, leading to a net loss of $32.9m. Adjusted net loss rose 61% to $22.3m. Guess forecasts revenue growth between 2.9% to 4.7% for Q2 and 5.5% to 7.4% for the full fiscal year, with adjusted operating margins slightly higher.

Guess CEO expects solid revenue growth driven by strategic initiatives like expanding Rag & Bone, Guess Jeans, and a new joint venture in the Middle East. Plans to optimize operations and portfolios were disclosed in April. The company remains focused on increasing direct-to-consumer sales productivity and improving profitability.



Read more at Yahoo Finance: Guess caps tariff hit at $10m in FY2026 outlook