We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Jul 10, 20206:53pm

Guess benefit drops 9% despite sales grow 5% in first half

The fashion company closed the first half of its fiscal year, ended August 3rd, with a drop of 9.3% in its net benefit and a revenue of 1.1 billion dollars.

Aug 29, 2019 — 4:21pm
Mds
Related topics
Save

Guess drops 9% its benefit despite growing 5% during first half

 

 

Guess moves at double speed. The American fashion company closed the first half of its fiscal year, ended August 3rd, with a drop of 9.3% in its net benefit. The earnings of the company were 3.9 million dollars, compared to the 4.3 million dollars of 2018.

 

The gross profit of the group, however, grew 8.3%, up to 447.6 million dollars. Guess closed its first semester with sales of 1.1 million dollars, 4.8% more.  

 

 

 

 

By regions, Europe continues to be the one with the strongest performance. During the first half, sales of the group in the market grew 6%, up to 550.6 million dollars. In the American continent, the revenue of retail grew 2%, up until 375.4 million dollars, while in wholesale jumped 18%, up until 88.1 million dollars. In Asia, the growth was weaker, with a 1% rise in sales, up to 168.5 million dollars.

 

The licensing business of the group was the only one that dropped its earnings, with a descent of 5%, up to 37.3 million dollars. Guess closed its first half, ended August 3rd, with 1,724 establishments, after opening 62 new stores during the last year

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...