×
191
Fashion Jobs
LEVI'S
Associate Sap Ptp Business Analyst
Permanent · Bengaluru
FEDBANK FINANCIAL SERVICES LTD
Area Sales Manager For Gold Loan - Chennai
Permanent · Chennai
DR MEDITECH SURGICAL AND DIAGNOSTICS INDIA PVT LTD
Production Executive / Production Manager (Biochemistry & Hematology
Permanent · National Capital Region
SAMSARA SHIPPING PVT LTD
Sales Manager
Permanent · Pune
INFEXN LABORATORIES PRIVATE LIMITED
Medical Representative/ Area Sales Manager
Permanent · Navi Mumbai
ELLIOTT MOSS
IT Sales Manager
Permanent · Mumbai
GRAND CHEMICAL WORKS
Area Sales Manager - Jaipur gt
Permanent · Kota
IGENETIC DIAGNOSTICS /HEALTH MAP DIAGNOSTIC PVT LTD
Area Sales Manager/Territory Manager
Permanent · Pune
RANDSTAD INDIA PVT LTD
Market Development Manager - Horeca Sales
Permanent · National Capital Region
SHREE HR SERVICES
Retail Sales Executive
Permanent · Varanasi
PEP TECHNOLOGIES PRIVATE LIMITED
Area Sales Executive / Area Sales Manager (Only From Skin Care)
Permanent · Bengaluru
MIDAS HYGIENE INDUSTRIES PRIVATE LIMITED
Area Sales Manager
Permanent · Hyderabad
WHITEHAT JR
Sales Manager India
Permanent · Faridabad
VIJAYA ENGINEERING WORKS
Production Manager
Permanent · Hosur
REFLECTOSAFE
Area Sales Manager - Delhi
Permanent · National Capital Region
R AND R SALONS PRIVATE LIMITED
Requirement of Area Manager
Permanent · Bengaluru
REFLECTOSAFE
Area Sales Manager - Chennai
Permanent · Chennai
AQUAGENICS RESEARCH & DEVELOPMENT INDIA PVT. LTD.
Area Sales Manager
Permanent · Pune
MUTHOOT FINCORP
Area Manager
Permanent · Tiruchirappalli
INFINIX
National Sales Manager
Permanent · MUMBAI
1MG
Sales Manager - Diagnostics
Permanent · National Capital Region
DODLA DAIRY LIMITED
Area Sales Manager -Salem
Permanent · Salem
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.