Guess Inc
GES
$16.99 -0.15%
Exchange: NYSE | Sector: Consumer Cyclical | Industry: Apparel Retail
Q1 2026
Published: Jun 11, 2025

Earnings Highlights

  • Revenue of $647.80M up 9.4% year-over-year
  • EPS of $-0.65 decreased by 370.8% from previous year
  • Gross margin of 39.9%
  • Net income of -32.93M
  • ""The biggest driver of the increase was the acquisition of rag & bone, adding 9 points of constant currency growth."" - Carlos E. Alberini
GES
Company GES

Executive Summary

Summary of QQ1 2026 results for Guess Inc shows meaningful top-line momentum driven by the Rag & Bone acquisition, with total revenues of $648.0 million, up 9% year over year (YoY) and 12% in constant currency. The Rag & Bone contribution added 9 percentage points to constant‑currency growth, while the core Guess business contributed roughly 3 percentage points. Europe wholesale posted mid‑teens growth, Americas Wholesale delivered a material lift (USD up ~63%), and Asia remained a net negative, pressuring overall profitability. The quarter included a gross margin of 39.9% (down 200 bps YoY) and an adjusted operating loss of $26 million (adjusted EBIT margin βˆ’4.0%), with adjusted EPS of βˆ’$0.44. The mix shift toward wholesale and the Rag & Bone integration drove higher SG&A (up 11% YoY) and a tighter operating environment for full-price stores, contributing to a negative near-term profitability trajectory. Management also highlighted tariff mitigation actions that reduce annual margin impact to under $10 million and signaled a robust, multi‑quarter strategic plan to improve retail productivity, supply-chain flexibility, pricing discipline, and organizational efficiency. Full-year guidance was reaffirmed with revenue growth of 5.5%–7.4%, adjusted operating margin of 4.4%–5.1%, and adjusted EPS of $1.32–$1.64, with a second‑quarter revenue outlook of 2.9%–4.7% (β‰ˆ2%–4% in constant currency) and a plan to optimize working capital to offset earnings pressure.

Key Performance Indicators

Revenue
Increasing
647.80M
QoQ: -30.51% | YoY: 9.44%
Gross Profit
Increasing
258.46M
39.90% margin
QoQ: -37.13% | YoY: 3.96%
Operating Income
Decreasing
-33.31M
QoQ: -132.14% | YoY: -99.43%
Net Income
Decreasing
-32.93M
QoQ: -140.45% | YoY: -352.86%
EPS
Decreasing
-0.65
QoQ: -142.48% | YoY: -370.83%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q3 2026 791.43 0.48 +7.2% View
Q2 2026 772.94 0.26 +5.5% View
Q1 2026 647.80 -0.65 +9.4% View
Q4 2025 932.25 1.15 +4.6% View
Q3 2025 738.52 -0.47 +13.4% View