Guess? Says 'we are taking a more cautious view for our fourth quarter outlook and now expect to deliver net revenue growth of 2% and an operating margin of roughly 9% for the fiscal year.'
Portfolio Pulse from Benzinga Newsdesk
Guess? Inc. has revised its fourth quarter outlook, now expecting a net revenue growth of 2% and an operating margin of about 9% for the fiscal year, indicating a more cautious stance.
November 21, 2023 | 9:18 pm
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Guess? Inc. has announced a conservative forecast for Q4, expecting lower revenue growth and operating margin than previously anticipated.
The company's cautious outlook, especially when it comes to revenue growth and operating margin, is likely to be perceived negatively by investors. This could lead to a decrease in investor confidence and potentially result in a short-term decline in the stock price of Guess? Inc.
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