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Within the European market, revenues rose by 10% whereas revenues for the Americas Wholesale section rose by 28% in Q3 FY26.
Nevertheless, Guess?’s Americas retail division skilled a 2% decline in income in each reported and fixed foreign money measures, whereas retail comparable gross sales (together with ecommerce) decreased 3%.
The corporate’s revenues in Asia decreased by 8% over the quarter.
Guess? CEO Carlos Alberini mentioned: “We’re happy with our third quarter efficiency, with income progress of seven% in US {dollars} and 5% in fixed foreign money, pushed by a powerful efficiency of our Americas Wholesale and Europe companies. In our Americas Retail enterprise, regardless of continued softness, we had been inspired by the continued enchancment in same-store gross sales versus the prior quarter.”
Guess? posted web earnings of $25.6m within the third quarter, an enchancment from a GAAP web lack of $23.4m throughout the equal interval final yr.
The corporate’s GAAP earnings from operations stood at $23.2m in Q3, down by 45.2% from $42.3m beforehand.
The working margin underneath GAAP was reported at 2.9%, down from 5.7% throughout the prior-year quarter. In keeping with Guess?, this lower was primarily resulting from increased bills, which included proposed transaction prices associated to its pending take-private deal, retailer working prices and restructuring expenses.
Guess? had entered right into a definitive settlement for sure shareholders, together with Maurice Marciano, Paul Marciano, Carlos Alberini, and Nicolai Marcian, together with associates, to type a strategic partnership with Genuine Manufacturers Group on 20 August 2025.
Underneath this association, Genuine would purchase a controlling stake of 51% whereas these shareholders would maintain the remaining 49% of considerably all mental property belongings.
The transaction is topic to plain regulatory approvals and is predicted to shut within the fourth quarter of FY26.
Guess? has suspended its monetary steerage for fiscal 2026 because of the proposed transaction with Genuine.
In its first quarter fiscal 2026 outcomes, the corporate projected full-year income progress of 5.5% to 7.4% and anticipated GAAP working earnings within the vary of $124m to $148m.
Diluted EPS for the total yr is predicted to vary from $0.87 to $1.11.
“Guess? Q3 income up 7% as steerage paused amid Genuine deal” was initially created and printed by Simply Type, a GlobalData owned model.
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