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The global fashion business journal

Oct 17, 20193:15am

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
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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

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