Overview

* Guess fiscal Q2 2026 rev rises 6% to $773 mln, beating analyst expectations

* Adjusted EPS for fiscal Q2 2026 beats estimates, driven by strong European sales

* Co enters take-private deal with Authentic Brands Group, closing expected in fiscal Q4 2026

Outlook

* Company suspends fiscal 2026 financial guidance due to proposed transaction with Authentic Brands Group

Result Drivers

* EUROPEAN SALES - Strong performance in Europe with a 14% revenue increase in U.S. dollars, driving overall revenue growth

* AMERICAS DECLINE - Americas Retail and Wholesale segments saw revenue declines, impacting overall performance

* HIGHER EXPENSES - Increased expenses and markdowns led to a decrease in operating margin despite revenue growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $773 mln $760.80

Revenue mln (3

Analysts

)

Q2 Beat $0.26 $0.16 (3

Adjusted Analysts

EPS )

Q2 EPS $0.12

Q2 Beat $13.80 $8.97

Adjusted mln mln (3

Net Analysts

Income )

Q2 Net $6.20

Income mln

Q2 Beat $28.50 $24.60

Adjusted mln mln (3

EBIT Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the apparel & accessories retailers peer group is "hold"

* Wall Street's median 12-month price target for Guess? Inc ( GES ) is $13.00, about 29.6% below its August 26 closing price of $16.85

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)