Latest news with #CarlosAlberini
Fibre2Fashion
08-07-2025
- Business
- Fibre2Fashion
US brand Guess' ESG report spotlights innovation & inclusivity
Guess?, Inc. (NYSE: GES) is proud to announce the release of its FY2024–2025 Environmental, Social, and Governance (ESG) Report titled 'It's in Our DNA.' The report underscores the company's continued dedication to sustainable, responsible business practices through its ACTION GUESS ESG strategy — a framework designed to Imagine, Innovate, and Inspire across all facets of the organization. Built on over a decade of commitment to ESG priorities, GUESS leverages globally recognized standards such as the Global Reporting Initiative (GRI) Universal Standards, the Sustainability Accounting Standards Board (SASB), and the Greenhouse Gas (GHG) Protocol in preparing this report. It also aligns with the United Nations Sustainable Development Goals (SDGs), reflecting GUESS's holistic approach to driving positive impact. Guess?, Inc has released its FY2024â€'25 ESG Report, “It's in Our DNA,†highlighting its ACTION GUESS strategy to embed sustainability across its business. The report outlines progress in responsible sourcing, emissions reduction, social equity, and governance, with assurance from a third party, aligning with global standards and the UN SDGs. 'Today, sustainability is a bigger part of our story more than ever before. And what makes me proud is seeing how our teams have embraced this challenge with the same creativity and passion they bring to everything we do,' says Paul Marciano, Guess?, Inc. Co-Founder and Chief Creative Officer . GUESS continues to secure reasonable assurance from an independent third-party assurance provider, reinforcing its commitment to transparency and accountability. These rigorous verification practices empower GUESS to accurately measure its environmental and social impact, pinpoint opportunities for ongoing improvement, and actively manage its sustainability journey — fostering innovation and resilience that support the interests of everyone connected to our business. 'ACTION GUESS drives environmental, social, and governance impact through bold commitments — it's in our DNA,' said Carlos Alberini, Chief Executive Officer and Director Guess?, Inc . 'These actions reflect our broader goal of integrating sustainability into our brand portfolio, products, operations, and culture. Our ESG strategy is not just a program; it's embedded in every fiber of what we do. We invite our partners, customers, and the GUESS Family to explore our progress, engage with our priorities, and join us in creating a more sustainable and inclusive future.' Key themes of the report include: Imagining innovative solutions that drive stakeholder engagement and governance. Innovating responsible business practices with smarter materials for greater impact. Inspiring inclusive growth and social equity within the brand and beyond. GUESS remains steadfast in its mission to grow with purpose, balancing brand heritage with the urgent need for sustainable progress. The FY2024–2025 ESG Report demonstrates meaningful advancements in responsible sourcing, emissions reductions, community engagement, and governance practices. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (RM)
Yahoo
10-06-2025
- Business
- Yahoo
Guess? expects $10m in tariff impact as Q1 loss reaches $32.9m
Guess?'s loss figure for Q1 reflect a net unrealised loss of $4.3m, in stark contrast to a net unrealised gain of $38.5m reported in the same quarter of the prior year. The company's GAAP diluted net loss per share stood at $0.65 for the first quarter of fiscal 2026, a downturn from the GAAP diluted net earnings per share (EPS) of $0.23 reported in the equivalent quarter of the previous year. Guess? also disclosed an adjusted net loss of $22.3m for the first quarter of fiscal 2026, marking a 61% rise from an adjusted net loss of $13.8m in the same quarter last year. 'We had a very good first quarter. And this was on top of a year or the ten months that we own the business, where we exceeded our expectations. We had, I think, very high expectations for this year coming in, and we were able to really do better than that in the first quarter,' Guess? chief executive officer Carlos Alberini said during an earnings conference call. Revenue from Europe saw an 8% rise, although retail comparable sales, inclusive of e-commerce, declined by 4%. In the Americas retail sector, revenues climbed by 9% and 12% in constant currency, despite retail comparable sales falling by 11% in US dollars. Asia faced a downturn with revenues decreasing by 20% in US dollars and 16% in constant currency; retail comparable sales also fell by 24% in US dollars. GAAP loss from operations for Guess? surged by 67.5% to $33.31m in Q1 FY26, up from $19.89m recorded during the same period last year. GAAP operating margin for the first quarter dropped by 1.7% to negative 5.1%, compared to negative 3.4% for the corresponding quarter of the previous year. This was largely due to an unfavourable business mix, increased asset impairment charges, and negative currency impact, which were partially mitigated by newly acquired businesses, noted the company. In the second fiscal quarter, Guess? anticipates consolidated net revenue growth ranging between 2.9% to 4.7%. Projected GAAP earnings from operations are expected to lie between $19m to $26m, with EPS estimated to range from $0.11 to $0.18. The anticipated GAAP operating margin is projected to be between 2.5% to 3.3%. For the full fiscal year, Guess? forecasts revenue growth between 5.5% to 7.4%, with GAAP earnings from operations predicted to be between $124m to $148m. Diluted EPS for the full year is expected to range from $0.87 to $1.11. 'As we look into the rest of the year, we continue to expect solid revenue growth driven by the expansion of rag & bone, the ongoing development of Guess Jeans and the new joint venture with the Chalhoub Group in the Middle East. On the cost side, we have taken proactive measures to manage tariff exposure and protect margins, limiting this year's net impact to less than $10m based on current conditions, which we have incorporated into our outlook. We remain focused on executing our strategic initiatives to increase our direct-to-consumer sales productivity and improve our profitability through business and portfolio optimisation,' Alberini concluded. In March this year, WHP Global, a partner of Guess? on the Rag & Bone acquisition, submitted a proposal to acquire Guess? for $13.00 per share in cash the outstanding shares of Guess?. "Guess? expects $10m in tariff impact as Q1 loss reaches $32.9m" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
Guess caps tariff hit at $10m in FY2026 outlook
Global lifestyle brand Guess has given an update on US tariffs and their potential effects on the company's operations and financial projections while discussing the release of the first quarter (Q1) of fiscal year 2026 performance. In the earnings call, the company clarified that a significant portion of their business - around 75% - operates outside the US and is unaffected by the tariffs levied by US President Donald Trump's administration. Guess CEO Carlos Alberini stated that 'the remaining 25% of directly produced and distributed products represents roughly $200m in annual purchases'. He highlighted that both Guess' and Rag and Bone's sourcing teams have been proactive in mitigating tariff impacts by shifting a large segment of production away from China to alternative markets. Negotiations have also taken place to adjust costs with suppliers and prices with retail partners. Through these strategic moves, Alberini anticipates that the tariffs will only reduce their margins by less than $10m in 2025 — a figure already factored into their current financial outlook. He emphasised that this has been achieved with negligible price hikes. The financial update comes as the company reported a 9% increase in revenue to $647.8m, with varying performance across regions in the first quarter. Europe's revenue grew 8%, while the Americas retail and wholesale segments saw increases of 9% and 63% respectively. However, Asia experienced a 20% decline in revenue, and licensing revenues there decreased by 14%. The company completed the acquisition of fashion brand Rag & Bone in partnership with brand management firm WHP Global, integrating it into Guess's existing segments in April 2024. Guess co-founder and chief creative officer Paul Marciano stated: 'We continue to benefit from our highly diversified business model. We have a strong global infrastructure that supports 25 different product categories, multiple markets across all regions of the world and several consumer channels. 'We plan to continue to leverage this unique platform to drive revenue growth, including initiatives such as the expansion of Rag & Bone into new markets and product categories, the expanded distribution of our Guess athleisure product line and our Guess Jeans brand to capture increased market share among young consumers.' Generally accepting accounting principles (GAAP) loss from operations increased 67.5% to $33.3m, influenced by an unfavourable business mix, higher asset impairment charges, and currency impacts. The company posted a GAAP net loss of $32.9m, a stark contrast to the $13m net earnings reported in the same quarter of the previous year. The results include a $4.3m unrealised loss due to changes in the fair value of derivatives, impacting both GAAP and adjusted diluted net loss per share figures. The company's adjusted net loss increased 61% to $22.3m, with adjusted diluted net loss per share rising 63% to $0.44. Guess attributes part of these results to share buybacks and currency impacts. Guess anticipates revenue growth between 2.9% and 4.7% for the second quarter of fiscal 2026 and between 5.5% and 7.4% for the full fiscal year. The company forecasts GAAP operating margins of 2.5% to 3.3% for Q2 and 3.9% to 4.6% for the full year, with adjusted figures slightly higher. Alberini stated: 'As we look into the rest of the year, we continue to expect solid revenue growth driven by the expansion of Rag & Gone, the ongoing development of Guess Jeans and the new joint venture with the Chalhoub Group in the Middle East. 'We remain focused on executing our strategic initiatives to increase our direct-to-consumer sales productivity and improve our profitability through business and portfolio optimisation.' In April, Guess disclosed plans to streamline operations and optimise its portfolios in China and North America. "Guess caps tariff hit at $10m in FY2026 outlook" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Fibre2Fashion
06-06-2025
- Business
- Fibre2Fashion
US' Guess posts Q1 loss despite revenue growth, maintains FY26 outlook
American clothing company Guess expects consolidated net revenue for full-year fiscal 2026 (FY26) to grow between 5.5 per cent and 7.4 per cent, with adjusted operating margin forecast in the range of 4.4 per cent to 5.1 per cent. Adjusted diluted earnings per share are projected between $1.32 and $1.64. For the second quarter alone, revenue is expected to rise 2.9 per cent to 4.7 per cent. The company has reported a first quarter (Q1) net loss for FY26, weighed down by unrealised derivative losses and higher operating costs, despite a solid uptick in overall revenue. For the quarter ended May 3, the company recorded a GAAP net loss of $32.9 million, compared to net earnings of $13 million during the same period last year. Guess's FY26 revenue is projected to grow 5.5â€'7.4 per cent. It has reported a Q1 FY26 net loss of $32.9 million, impacted by derivative losses and rising costs, despite a 9 per cent revenue rise to $647.8 million. Adjusted loss rose 61 per cent year-on-year. Retail sales fell in key regions, while Americas Wholesale surged. The company also completed its Rag & Bone acquisition. Diluted loss per share came in at $0.65, including a $0.03 negative impact from share buybacks and a $0.08 benefit from currency fluctuations. The company attributed part of the quarterly loss to a $4.3 million unrealised loss stemming from changes in the fair value of derivatives linked to its 2028 convertible senior notes. This compares unfavourably with a $38.5 million unrealised gain in the year-ago period. On an adjusted basis, Guess reported a net loss of $22.3 million, up 61 per cent year-on-year. Adjusted diluted loss per share increased to $0.44 from $0.27. Despite the earnings decline, total net revenue for the quarter rose 9 per cent to $647.8 million, driven by strong performance in the Americas Wholesale segment, which surged 63 per cent in US dollars and 70 per cent in constant currency. However, this growth was offset by weaker results in Asia, where revenues fell 20 per cent, and a 14 per cent drop in global licensing revenues. Retail comparable sales declined in both the Americas and Europe, with the Americas Retail segment recording an 11 per cent decrease in US dollars. The company's GAAP operating loss widened to $33.3 million, with an operating margin of negative 5.1 per cent, compared to negative 3.4 per cent a year ago. Adjusted operating loss reached $25.8 million, with margins slipping further to negative 4 per cent. Rising store costs, higher advertising expenses, and currency headwinds were cited as the primary factors behind the margin contraction. Regionally, the Americas Retail segment saw its operating margin deteriorate by 3.3 percentage points to negative 10.5 per cent, while the Asia segment swung from a positive 5.1 per cent margin to negative 3.1 per cent. Licensing margins remained largely stable at over 92 per cent. Carlos Alberini, chief executive officer , commented, 'We are encouraged by our first quarter performance, which came in ahead of expectations across key metrics. Revenue grew 9 per cent in U.S. dollars and 12 per cent in constant currency, reflecting the successful integration of Rag & Bone and continued momentum in our wholesale businesses across Europe and the Americas. Disciplined expense management, combined with the better than expected top-line performance, enabled us to report operating results ahead of our guidance range, narrowing our loss for the quarter.' The company also highlighted the completion of its acquisition of New York-based fashion label Rag & Bone in April 2024. As part of a joint venture with brand management firm WHP Global, Guess took over the operating assets and liabilities of Rag & Bone, while the intellectual property is now jointly owned. The acquisition is expected to strengthen Guess' positioning in the premium fashion segment. Fibre2Fashion News Desk (KD)
Fashion United
06-06-2025
- Business
- Fashion United
Guess Q1: Rag & Bone acquisition boosts revenue, net loss widens
Guess financial results for the first quarter ended May 3, 2025, revealed a complex picture of growth driven by strategic acquisitions and wholesale momentum, set against a backdrop of increased losses. Despite a GAAP net loss for the quarter, the company's revenue surpassed expectations, primarily attributed to the successful integration of the newly acquired Rag & Bone brand and robust performance in its European and Americas wholesale businesses. Total net revenue for the quarter increased by 9 percent to 647.8 million dollars, or 12 percent in constant currency. Carlos Alberini, chief executive officer, expressed encouragement, stating, "Revenue grew 9% in U.S. dollars and 12% in constant currency, reflecting the successful integration of rag & bone and continued momentum in our wholesale businesses across Europe and the Americas." He also highlighted disciplined expense management as a factor in narrowing the quarterly loss. Highlights of Guess Q1 results For the first quarter, Guess reported a GAAP net loss of 32.9 million dollars, a significant shift from a GAAP net earnings of 13 million dollars in the comparable prior-year quarter. Consequently, GAAP diluted net loss per share was 65 cents, compared to GAAP diluted net earnings per share of 23 cents in the prior year. On an adjusted basis, the net loss increased by 61 percent to 22.3 million dollars, resulting in an adjusted diluted net loss per share of 44 cents, up 63 percent from 27 cents previously. Regionally, Europe revenues saw an 8 percent increase (9 percent in constant currency), though retail comparable sales in the region decreased by 4 percent (3 percent in constant currency). Americas Retail revenues grew 9 percent (12 percent in constant currency), but retail comparable sales in this segment experienced an 11 percent decline (9 percent in constant currency). Americas Wholesale revenues demonstrated strong growth, increasing by 63 percent (70 percent in constant currency). Asia revenues, on the other hand, decreased by 20 percent (16 percent in constant currency), with retail comparable sales down 24 percent (20 percent in constant currency). Licensing revenues also saw a 14 percent decrease. For the second quarter of fiscal 2026, Guess projects consolidated net revenue to increase between 2.9 percent and 4.7 percent, with GAAP and adjusted operating margins expected to be between 2.5 percent and 3.3 percent. This translates to projected GAAP and adjusted earnings from operations ranging from 19 million dollars to 26 million dollars, and diluted EPS from 11 cents to 18 cents (GAAP) and 11 cents to 21 cents (adjusted). For the full fiscal year 2026, the company anticipates consolidated net revenue growth of 5.5 percent to 7.4 percent, GAAP operating margin between 3.9 percent and 4.6 percent, and adjusted operating margin between 4.4 percent and 5.1 percent. Full-year GAAP earnings from operations are projected between 124 million dollars and 148 million dollars, with adjusted earnings from operations between 139 million dollars and 163 million dollars. Diluted EPS for the full year is expected to be 87 cents to 1.11 dollars (GAAP) and 1.32 dollars to 1.64 dollars (adjusted). Guess plans to expand Rag & Bone into new markets Paul Marciano, co-founder and chief creative officer, underscored the strength of Guess's diversified business model, which encompasses 25 product categories, multiple global markets, and various consumer channels. The company plans to leverage this extensive platform to fuel future revenue growth, including expanding Rag & Bone into new markets and product categories, broadening the distribution of its Guess Athleisure line, and increasing the market share of its Guess Jeans brand among younger consumers. Looking ahead, Alberini anticipates continued revenue growth for the remainder of fiscal 2026, driven by the expansion of Rag & Bone, the ongoing development of Guess Jeans, and a new joint venture with the Chalhoub Group in the Middle East. Proactive measures have been taken to manage tariff exposure, aiming to limit the net impact to less than 10 million dollars for the year. The company's board of directors approved a quarterly cash dividend of 30 cents per share payable on July 3, 2025.
