×
194
Fashion Jobs
THINK FIRST DIGITAL
Hiring For Event Production Manager - Mumbai
Permanent · Mumbai
LUPIN
Opportunity For Area Manager - Mass Marketing - Lupin Ltd
Permanent · Pune
SOBHA
Manager - Sales at Sobha Nesara, Kothrud - Pune
Permanent · Pune
MIDAS HYGIENE INDUSTRIES PRIVATE LIMITED
Area Sales Manager - Punjab
Permanent · Jalandhar
PETPOOJA
Area Sales Manager || Software Sales (Pos) || Petpooja
Permanent · Navi Mumbai
FLEETX
Assistant Area Sales Manager/ Area Sales Manager
Permanent · Haldia
FLEETX
Area Sales Manager
Permanent · Tirunelveli
MINIVEL SERVICES
Area Sales Manager - Insurance Company
Permanent · Bengaluru
POLYCAB
Area Sales Manager
Permanent · Chennai
ACME SERVICES PRIVATE LIMITED
Purchase Manager For a Leading Textile Brand
Permanent · Mumbai
SBFC FINANCE
Area Sales Manager And Sales Manager- Loan Against Property
Permanent · Ahmedabad
GRAND CHEMICAL WORKS
Area Sales Manager- Lucknow (gt Fmcg)
Permanent · Lucknow
GRAND CHEMICAL WORKS
Area Sales Manager - Jaipur (gt)
Permanent · Kota
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
SURYA FOOD AGRO LTD
Production Manager
Permanent · Greater Noida
SHYAM STEEL INDUSTRIES
Require Area Sales Manager For Different Locations at Bihar
Permanent · Madhepura
PINKODE REALTY LLP
Hiring For Asm/Sales Managers
Permanent · Mumbai
FRQ BRO
Area Sales Manager - Oppo
Permanent · Pudukkottai
MTC BUSINESS
Production Manager | Khopoli
Permanent · Khopoli
UGRAYA FOODS
Production Manager || Agartala (Tripura)
Permanent · Agartala
RELIANCE RETAIL
Area Sales Manager - Reliance Digital (Multiple Locations)
Permanent · Thiruvananthapuram
Published
May 26, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Guess sales up double-digits on licensing, Americas; earnings slide

Published
May 26, 2022

Guess Inc announced on Wednesday revenues increased by double-digits for the first quarter fiscal 2023, on the back on a surge in licensing sales and Americas wholesale revenues.


Guess


The Los Angeles-based Guess said revenues increased to $593.5 million from $520 million in the same prior-year quarter, up 14%. In constant currency, net revenue increased by 21%.

By category, Americas retail revenues increased 7%, while retail comp sales, including e-commerce, increased 3%. Americas wholesale revenues increased 50%. 

Internationally, Europe revenues increased 14% in U.S. dollars and 26% in constant currency, while the region's retail comp sales, including e-commerce, decreased 6% in U.S. dollars and increased 3% in constant currency.

Asia revenues increased 1% in U.S. dollars and 8% in constant currency and the region's retail comp sales, including e-commerce, decreased 11% in U.S. dollars and 5% in constant currency.

Guess' licensing revenues increased 23%, added the company.

 “We are very pleased with our first quarter results which exceeded our expectations for top line and operating performance," said Carlos Alberini, chief executive officer, Guess.

"Our company’s revenues finished up 14% in U.S. dollars and 21% in constant currency with Europe, Americas wholesale and licensing performing better than expected. Overall, we delivered strong gross margin performance and leveraged expenses effectively, contributing to an expansion in operating margin and a significant increase in earnings from operations compared to the prior year."

Despite the sales uptick, net earnings for the three months ending April 30 fell to $10.5 million, from $12.9 million in the quarter last year, said Guess.

Looking ahead, ​Guess said it expects fiscal 2023 revenues to be up around 4% in U.S. dollars (10% in constant currency), "assuming no meaningful Covid-related shutdowns," take place during the 12 months.

 

Copyright © 2022 FashionNetwork.com All rights reserved.