Associated tags: Collection, GUESS, Fashion, Retail, GES, NYSE, Department Stores
Locations: SWITZERLAND, SPAIN, ARGENTINA, SOUTH AMERICA, SIERRA, NEVADA, UNITED STATES, NORTH AMERICA, CALIFORNIA, BONE, EUROPE, ASIA, AMERICAS, NEW YORK
Footwear,
Fashion,
Delivery Services,
Online Retail,
Retail,
Department Stores,
Specialty,
CUSIP,
GES,
Clothes horse,
EPS,
Growth,
Note,
Acquisition,
GAAP,
Table,
Entrepreneurship,
Coal For the first quarter of the fiscal year ended February 1, 2025 (“fiscal 2025”), the Company recorded GAAP net earnings of $13.0 million, compared to a GAAP net loss of $11.8 million for the same prior-year quarter.
Key Points:
- For the first quarter of the fiscal year ended February 1, 2025 (“fiscal 2025”), the Company recorded GAAP net earnings of $13.0 million, compared to a GAAP net loss of $11.8 million for the same prior-year quarter.
- For the first quarter of fiscal 2025, the Company’s adjusted net loss was $13.8 million, compared to $3.5 million for the same prior-year quarter.
- Total net revenue for the first quarter of fiscal 2025 increased 4% to $591.9 million from $569.8 million in the same prior-year quarter.
- Other income, net for the first quarter of fiscal 2025 was $35.8 million compared to other expense, net of $2.6 million for the same prior-year quarter.
Luxury,
Textiles,
Women,
Department Stores,
Men,
Specialty,
Manufacturing,
Fashion,
Consumer,
Retail,
Partnership,
Theory,
Growth,
Calvin Klein,
Family,
GES,
Acquisition,
Love,
Lead,
Clothing Guess?, Inc. (NYSE: GES) today announced the appointment of Andrew Rosen as Executive Chair of the rag & bone brand.
Key Points:
- Guess?, Inc. (NYSE: GES) today announced the appointment of Andrew Rosen as Executive Chair of the rag & bone brand.
- In his role as Executive Chairman, Andrew Rosen will continue to bring a wealth of experience and expertise to the brand, providing strategic direction and oversight of the rag & bone executive team, to drive the company's mission forward.
- and rag & bone as we embark on the next chapter of growth, and I believe Andrew is the ideal person to continue to lead and represent the rag & bone brand on this journey.
- family and look forward to a strong partnership on the path ahead as we focus on driving value for our stakeholders.”
Andrew Rosen, rag & bone Executive Chair, said: “I have been involved with rag & bone since 2006.
Guess?, Inc. (NYSE: GES) will release its financial results for the first quarter of fiscal year 2025, which ended May 4, 2024, on Thursday, May 30, 2024.
Key Points:
- Guess?, Inc. (NYSE: GES) will release its financial results for the first quarter of fiscal year 2025, which ended May 4, 2024, on Thursday, May 30, 2024.
- The Company will webcast a conference call at 4:45 p.m. (ET) that day to discuss the results.
- A live webcast will be accessible at www.guess.com via the “Investor Relations” link.
- A replay of the conference will be archived on the website for 30 days.
Men,
Professional Services,
Luxury,
Specialty,
Consumer,
Fashion,
Textiles,
Retail,
Women,
Finance,
Footwear,
Manufacturing,
GES,
Acquisition,
Clothing Guess?, Inc. (NYSE: GES) and global brand management firm WHP Global today announced that they have completed the previously announced acquisition of New York based fashion brand rag & bone.
Key Points:
- Guess?, Inc. (NYSE: GES) and global brand management firm WHP Global today announced that they have completed the previously announced acquisition of New York based fashion brand rag & bone.
- has contributed $57.1 million towards the purchase of rag & bone, in addition to contributions from WHP Global.
- has entered into an agreement with the lenders of its existing $150 million asset-based revolving credit facility to increase the borrowing capacity under the facility by $50 million to a total of $200 million.
- For additional information on the acquisition of rag & bone, please read the announcement press release here .
Guess?, Inc. (NYSE: GES) (the “Company”) today announced that its Board of Directors has authorized a new share repurchase program of up to $200 million of the Company’s common stock.
Key Points:
- Guess?, Inc. (NYSE: GES) (the “Company”) today announced that its Board of Directors has authorized a new share repurchase program of up to $200 million of the Company’s common stock.
- also separately announced today that, as part of this new program and through a convertible bond exchange transaction, it has agreed to repurchase 326,429 shares of the Company’s common stock for $10.3 million.
- Carlos Alberini, Chief Executive Officer, commented, “Returning capital directly to our shareholders is a high priority for our Board.
- This $200 million share repurchase authorization and the more than $10 million repurchase we have announced today reflects our confidence in the business and follows our recently announced special dividend of $2.25 per share which will be paid in early May.
Fashion,
Professional Services,
Retail,
Other Retail,
Department Stores,
Finance,
Bank of America,
Uncertainty,
GES,
Exchange,
Bank,
CUSIP,
Sale,
Observation,
Judgement,
Annual report,
Debt-to-GDP ratio,
Share repurchase,
Subscription business model,
Transaction,
Repurchase agreement,
Security (finance) Pursuant to the Exchange and Subscription Agreement, the Company will exchange approximately $14.6 million in aggregate principal amount of the 2024 Notes for approximately $12.1 million in aggregate principal amount of additional 3.75% convertible senior notes due 2028 (the “2028 Notes”) (collectively, the “Transactions”).
Key Points:
- Pursuant to the Exchange and Subscription Agreement, the Company will exchange approximately $14.6 million in aggregate principal amount of the 2024 Notes for approximately $12.1 million in aggregate principal amount of additional 3.75% convertible senior notes due 2028 (the “2028 Notes”) (collectively, the “Transactions”).
- The 2028 Notes will have the same CUSIP number as the Existing 2028 Notes and will be issued as additional notes under the indenture governing the Existing 2028 Notes.
- The 2028 Notes are expected to trade interchangeably with the Existing 2028 Notes immediately upon settlement and be fungible with the Existing 2028 Notes.
- The 2028 Notes will mature on April 15, 2028, unless earlier repurchased or converted in accordance with their terms.
Retrieved on:
Wednesday, March 20, 2024
Online Retail,
Fashion,
Retail,
Footwear,
Delivery Services,
Generation,
GES,
Entrepreneurship,
EPS,
CUSIP,
Generation Z,
Sale,
Acquisition,
Table,
Clothes horse,
Note,
GAAP,
Government,
Video game For the fourth quarter of the fiscal year ended February 3, 2024 (“fiscal 2024”), the Company recorded GAAP net earnings of $115.3 million, a 20% increase from $95.8 million for the same prior-year quarter.
Key Points:
- For the fourth quarter of the fiscal year ended February 3, 2024 (“fiscal 2024”), the Company recorded GAAP net earnings of $115.3 million, a 20% increase from $95.8 million for the same prior-year quarter.
- The Company’s fourth quarter fiscal 2024 results included 14 weeks, while the fourth quarter of the fiscal year ended January 28, 2023 (“fiscal 2023”) results included 13 weeks.
- For the fourth quarter of fiscal 2024, the Company’s adjusted net earnings were $110.8 million, a 13% increase from $98.2 million for the same prior-year quarter.
- Total net revenue for the fourth quarter of fiscal 2024 increased 9% to $891.1 million from $817.8 million in the same prior-year quarter.
Retrieved on:
Wednesday, March 13, 2024
Guess?, Inc. (NYSE: GES) will release its financial results for the fourth quarter and fiscal year 2024, which ended February 3, 2024, on Wednesday, March 20, 2024.
Key Points:
- Guess?, Inc. (NYSE: GES) will release its financial results for the fourth quarter and fiscal year 2024, which ended February 3, 2024, on Wednesday, March 20, 2024.
- The Company will webcast a conference call at 4:45 p.m. (ET) that day to discuss the results.
- A live webcast will be accessible at www.guess.com via the “Investor Relations” link.
- A replay of the conference will be archived on the website for 30 days.
Retrieved on:
Friday, February 16, 2024
Retail,
Online Retail,
Department Stores,
Fashion,
Acquisition,
Woman,
Shareholder,
Weather,
Annual report,
WHP,
Sage Group,
Growth,
Timeless,
Solomon Partners,
Commitment,
Risk,
Family,
O'Melveny & Myers,
IP,
LLP,
GES,
Acceleration,
Clothing Guess?, Inc. (NYSE: GES) and global brand management firm WHP Global today announced a definitive agreement to acquire New York-based fashion brand rag & bone.
Key Points:
- Guess?, Inc. (NYSE: GES) and global brand management firm WHP Global today announced a definitive agreement to acquire New York-based fashion brand rag & bone.
- We look forward to partnering with WHP Global to build on rag & bone’s heritage.
- and WHP Global have entered into a definitive agreement to acquire rag & bone, under which Guess?
- will acquire and own all the brand's operating assets and assume the related operating liabilities of the rag & bone business.
Retrieved on:
Thursday, February 1, 2024
GUESS, a global leader in fashion and lifestyle, is delighted to announce the grand re-opening of its newest store at the renowned Forum Shops at Caesars Palace in Las Vegas.
Key Points:
- GUESS, a global leader in fashion and lifestyle, is delighted to announce the grand re-opening of its newest store at the renowned Forum Shops at Caesars Palace in Las Vegas.
- The much-anticipated event took place on January 26, 2024, marking a significant moment for the brand as they expand their brick-and-mortar presence.
- The grand re-opening signifies GUESS's dedication to providing an unparalleled shopping experience that reflects the dynamic spirit of the brand.
- For more information, visit the GUESS store at The Forum Shops at Caesars Palace or the official GUESS website.
