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Guess net revenue up 14 per cent

Guess net revenues for the quarter was up 14.7 per cent. In constant currency, net revenue increased by 7.7 per cent.

By region, the Americas retail revenues decreased 2.1 per cent in constant currency, while comp sales including e-commerce increased one per cent. Wholesale revenues locally surged 11.3 per cent in constant currency. European revenues increased 9.1 per cent in constant currency, while comp sales including e-commerce increased one per cent and Asian revenues rose 25.1 per cent as comp sales including e-commerce gained 15 per cent in constant currency. Licensing revenues increased 23.5 per cent.

Guess was also able to expand the company’s operating margin, despite cost pressures related to its transition to its new distribution center in Europe.

Operating margin in Asia improved by 430 basis points as it continues to leverage its infrastructure investments in China and Japan. In the Americas, the company ended the quarter with positive comps while being significantly less promotional. This translated into a 910 basis point improvement in operating margin for the Americas retail segment.

For the second quarter Guess expects net revenues to rise 14 per cent to 15.5 per cent. For fiscal 2019, revenues are expected to rise 8.5 per cent to 9.5 per cent.

 

 
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