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.
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.
Guess closed its first half, ended August 3rd, with 1,724 establishments, after opening 62 new stores during the last year
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.
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