Guess? plans to exit retail stores in North America to boost profit by fiscal year 2027

From Yahoo Finance: 2025-04-07 05:38:00

Guess? plans to streamline operations and optimize portfolios in China and North America, handing over direct operations in China to a local partner. The company also aims to exit certain retail stores in North America to unlock $30 million in operating profit by fiscal year 2027. Guess? reported a 70% decrease in net earnings to $60.4m for fiscal year 2025, with an 8% increase in total net revenue to $3.00bn. Operational earnings dropped by 34% to $173.8m in FY25. In the fourth quarter, net earnings fell 29% to $81.4m, with total net revenue up 5% to $932.3m. EPS decreased by 32% to $1.16. Guess? projects a net revenue increase of 3.9% to 6.2% in fiscal 2026, with operational earnings expected between $133m and $165m. Guess? acquired rag & bone fashion label in April 2024 and formed a joint venture to boost development. Alberto Toni was appointed as CFO.



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