{"id":13773,"date":"2023-05-25T15:37:32","date_gmt":"2023-05-25T19:37:32","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/guess-swings-to-1q-loss-amid-lower-americas-sales\/"},"modified":"2023-05-25T15:37:33","modified_gmt":"2023-05-25T19:37:33","slug":"guess-swings-to-1q-loss-amid-lower-americas-sales","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=13773","title":{"rendered":"Guess Swings to 1Q Loss Amid Lower Americas’ Sales"},"content":{"rendered":"
\n

By Sabela Ojea<\/p>\n

<\/pre>\n
Guess on Wednesday said it swung to a first-quarter loss, with revenue declining due to lower sales in the Americas’ region.<\/p>\n
The clothing brand and retailer had a loss for the three months ended April 29 of $11.8 million, or 22 cents a share, compared with a profit of $7.97 million, or 12 cents a share, for the same period a year earlier.<\/p>\n
\n
Stripping out one-time items, loss per share was 7 cents. Analysts polled by FactSet had forecast a significantly wider adjusted loss per share of 28 cents.<\/p>\n
Revenue declined to $569.8 million from $593.5 million a year earlier, but came in ahead of analysts expectations for $555.6 million.<\/p>\n
Americas’ retail and wholesale sales dropped 14% and 25%, respectively. European sales rose 2%, while sales in Asia climbed 26% in the period.<\/p>\n
Shares are up 2.4% to $17.78 in after-hours trading.<\/p>\n
<\/pre>\n
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix<\/p>\n
<\/pre>\n<\/p><\/div>\n<\/div>\n
Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
By Sabela Ojea Guess on Wednesday said it swung to a first-quarter loss, with revenue declining due to lower sales in the Americas’ region. The clothing brand and retailer had a loss for the three months ended April 29 of $11.8 million, or 22 cents a share, compared with a profit of $7.97 million, or […]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-13773","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nGuess Swings to 1Q Loss Amid Lower Americas' Sales | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Sabela Ojea Guess on Wednesday said it swung to a first-quarter loss, with revenue declining due to lower sales in the Americas' region. 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