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Guess Q1 total net revenue for the first quarter of fiscal 2020 increased 3.0%

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Christian Fernsby |
Guess
Guess   Americas Retail revenues increased 3.0% in U.S. dollars

Guess reported financial results for its first quarter ended May 4, 2019.

Total net revenue for the first quarter of fiscal 2020 increased 3.0% to $536.7 million, compared to $521.3 million in the prior-year quarter. In constant currency, net revenue increased by 8.2%.

Americas Retail revenues increased 3.0% in U.S. dollars and 3.9% in constant currency. Retail comp sales including e-commerce increased 4% in U.S. dollars and 5% in constant currency.

Americas Wholesale revenues increased 13.6% in U.S. dollars and 15.5% in constant currency.

Europe revenues increased 2.2% in U.S. dollars and 12.3% in constant currency. Retail comp sales including e-commerce decreased 1% in U.S. dollars and increased 8% in constant currency.

Asia revenues increased 1.4% in U.S. dollars and 6.6% in constant currency. Retail comp sales including e-commerce decreased 15% in U.S. dollars and 10% in constant currency.

Licensing revenues decreased 4.9% in U.S. dollars and constant currency.

GAAP loss from operations for the first quarter of fiscal 2020 improved 1.7% to $24.5 million (including a $1.9 million favorable currency translation impact), compared to $24.9 million in the prior-year quarter. GAAP operating margin in the first quarter improved 20 basis points to negative 4.6%, compared to negative 4.8% in the prior-year.


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