Guess? Inc.

Guess shares rally 8% after company beats earnings, sales expectations

Shares of Guess Inc. jumped more than 8% late Wednesday after the retailer reported adjusted fourth-quarter earnings and sales well above Wall Street expectations. Guess said it earned $1 million, an 84% decrease from $6.6 million for the fourth quarter of fiscal 2017. GAAP per-share earnings fell 87.5% to 1 cent for the quarter, compared with 8 cents in the prior-year quarter. Adjusted for one-time items, Guess earned $51.3 million, or 62 cents a share, compared with $36.6 million, or 43 cents a share, a year ago. Sales rose 18% to $792.2 million, compared with $674 million a year ago. Analysts polled by FactSet had expected adjusted earnings of 54 cents a share on sales of $756 million. "I still see a lot of opportunities left in Europe and Asia, where we will continue to allocate capital for superior returns and where we plan to continue growing sales in double digits while also expanding margins," Guess Chief Executive Victor Herrero said in a statement. "We will keep working on improving the profitability of the Americas by executing on our cost reduction and margin improvement initiatives." Guess co-founder Paul Marciano relinquished his duties last month after model Kate Upton made allegations of sexual harassment. Marciano has denied the allegations. The company didn't provide an update on the ongoing investigation on Wednesday.

• Mar. 21, 2018 at 4:32 p.m. ET
• by Claudia Assis

Guess shares jump 8% on earnings, sales beat

Guess shares jump 8% on earnings, sales beat

• Mar. 21, 2018 at 4:19 p.m. ET
• by Claudia Assis

Guess adj. Q4 EPS 62 cents vs. expectations 54 cents

Guess adj. Q4 EPS 62 cents vs. expectations 54 cents

• Mar. 21, 2018 at 4:18 p.m. ET
• by Claudia Assis

Guess Q4 rev. $792 Million vs. expectations $756 million

Guess Q4 rev. $792 Million vs. expectations $756 million

• Mar. 21, 2018 at 4:18 p.m. ET
• by Claudia Assis

Guess upgraded to buy from neutral at B. Riley FBR

Guess upgraded to buy from neutral at B. Riley FBR

• Feb. 26, 2018 at 8:41 a.m. ET
• by Tomi Kilgore

Guess co-founder Paul Marciano to relinquish daily duties during probe of sexual misconduct allegations

Women's clothing line Guess Inc. said Tuesday that co-founder Paul Marciano will relinquish his daily duties while the company conducts an investigation into allegations of sexual harassment. Marciano has denied the allegations, made by model Kate Upton, who has worked for the brand for several years. The investigation is being carried out by law firm O'Melveny & Myers LLP. Guess "takes very seriously any allegations of sexual misconduct, is committed to maintaining a safe work environment, and looks forward to the completion of a thorough investigation of all the facts," the company said. Shares were flat at the open, but have fallen 15% in the month since the allegations first surfaced, while the S&P 500 has fallen 3.5%.

• Feb. 20, 2018 at 9:33 a.m. ET
• by Ciara Linnane

Guess shares jump 3% premarket

Guess shares jump 3% premarket

• Feb. 20, 2018 at 9:13 a.m. ET
• by Ciara Linnane

Guess investigating allegations of improper conduct by Marciano

Guess investigating allegations of improper conduct by Marciano

• Feb. 20, 2018 at 9:13 a.m. ET
• by Ciara Linnane

Guess co-founder Paul Marciano to relinquish daily duties during investigation

Guess co-founder Paul Marciano to relinquish daily duties during investigation

• Feb. 20, 2018 at 9:12 a.m. ET
• by Ciara Linnane

Guess. forms committee to probe sexual harassment allegations against founder Marciano

Shares of women's clothing brand Guess Inc. were lower Friday, after the company said it would form a special committee to investigate allegations of sexual harassment by co-founder Paul Marciano. "The company is committed to completing an extensive and impartial investigation into all of the facts," Guess said in a statement. Marciano has denied the allegations, which were made earlier this week by model Kate Upton, who has worked for the brand for several years. Shares fell 18% the day the allegations were first raised by Upton in a tweet. Guess shares have gained 16% in the last 12 months, while the S&P 500 has gained 12%.

• Feb. 9, 2018 at 3:02 p.m. ET
• by Ciara Linnane

Guess Inc. forms special committee to probe allegations of sexual misconduct by co-founder Paul Marciano

Guess Inc. forms special committee to probe allegations of sexual misconduct by co-founder Paul Marciano

• Feb. 9, 2018 at 2:55 p.m. ET
• by Ciara Linnane

Guess shares sink nearly 18% after harassment allegations by model Kate Upton

Guess Inc. shares sank almost 18% in Thursday trading after model Kate Upton tweeted allegations of harassment against the company's co-founder, Paul Marciano. In a tweet posted late Wednesday, Upton wrote, "It's disappointing that such an iconic women's brand @Guess is still empowering Paul Marciano as their creative director #metoo." When TMZ questioned Upton further at Los Angeles International Airport, she said she was "excited to tell [her] whole story," but didn't elaborate further. Upton has modeled for the brand since 2011, according to New York magazine's The Cut blog. "Mr. Marciano denies any misconduct toward Ms. Upton," Guess said in a regulatory filing Thursday afternoon. "The company will fully investigate her claims once they are known to determine if they have any merit." Guess shares are up 31.8% for the last year while the S&P 500 index is up nearly 24% for the past 12 months.

• Feb. 1, 2018 at 6:52 p.m. ET
• by Tonya Garcia

S&P 500 edges to uncharted territory, latest slow-motion breakout underway

U.S. stocks are mixed early Monday, treading water amid a partial government shutdown and related political uncertainty. Against this backdrop, the S&P 500 and Nasdaq Composite have edged to uncharted territory, rising to vie for consecutive record closes.

• Jan. 22, 2018 at 11:51 a.m. ET
• by Michael Ashbaugh

Guess's stock sinks 10% premarket after Q3 results late Tuesday

• Nov. 22, 2017 at 7:48 a.m. ET
• by Tomi Kilgore

Guess shares tank on lower-than-expected quarterly sales

• Nov. 21, 2017 at 4:40 p.m. ET
• by Claudia Assis

Guess Q3 adj. EPS 12 cents, in line with expectations

• Nov. 21, 2017 at 4:32 p.m. ET
• by Claudia Assis

Guess Q3 rev. $554 million vs. expectations $564 million

• Nov. 21, 2017 at 4:31 p.m. ET
• by Claudia Assis

Guess shares down 14% after earnings

• Nov. 21, 2017 at 4:29 p.m. ET
• by Claudia Assis

Jennifer Lopez to star in Guess ad campaign

• Nov. 21, 2017 at 3:35 p.m. ET
• by Tonya Garcia