05:34 PM EDT, 05/30/2024 (MT Newswires) -- Guess? (GES) reported fiscal Q1 adjusted loss Thursday of $0.27 per diluted share, widening from a loss of $0.07 a year earlier.

Four analysts polled by Capital IQ expected a loss of $0.40.

Revenue for the quarter that ended May 4 was $591.9 million, up from $569.8 million a year earlier.

Analysts surveyed by Capital IQ expected $574.6 million.

The company expects a Q2 adjusted EPS of $0.38 to $0.47 on revenue growth of between 9% and 11%. Four analysts polled by Capital IQ expect a net income of $0.65 on sales of $761.7 million.

The company expects fiscal 2025 adjusted EPS of $2.62 to $3.00 on revenue growth of 10.7% to 12.7%. Four analysts surveyed by Capital IQ expected earnings of $2.81 on revenue of $3.11 billion.

Guess? said its board approved a quarterly dividend of $0.30 per share, payable on June 28 to shareholders of record on June 12.

Shares of the company fell nearly 3% in after-hours trading.

Price: 22.73, Change: -0.66, Percent Change: -2.84