What To Expect From Guess’ Stock Post Q2?

[Note: Guess
GES
’ FY’23 ended on Jan 28, 2023]

Guess stock (NYSE: GES), a retailer that designs, markets, distributes, and licenses apparel and accessories for men, women, and children, is scheduled to report its fiscal second-quarter results on Wednesday, August 23. We expect GES stock to likely see little movement post fiscal Q2 results with revenues and earnings coming in line with expectations. The retailer’s international businesses were particularly strong during the first quarter, which partially offset softness in the Americas Retail business as a result of slower customer traffic into its stores. We expect this trend to continue in the second quarter as well. For the full year FY 2024, the company expects revenue growth of +2% to +4% year-over-year (y-o-y) and earnings per share in the range of $2.60 to $2.90.