Guess? Expects FY25 Revenue To Increase 9.5% - 11.0% (Prior View 10.7% - 12.7%) In US Dollars; Cuts Adjusted EPS Forecast From $2.62 - $3.00 To $2.42 - $2.70 (Est $2.79)
Portfolio Pulse from Benzinga Newsdesk
Guess? Inc. has revised its fiscal year 2025 revenue growth forecast to 9.5% - 11.0% from the previous 10.7% - 12.7% in US dollars. Additionally, the company has lowered its adjusted EPS forecast to $2.42 - $2.70, down from $2.62 - $3.00, with an estimated EPS of $2.79.
August 28, 2024 | 8:26 pm
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NEGATIVE IMPACT
Guess? Inc. has lowered its revenue and EPS forecasts for FY25, indicating potential challenges in achieving previous growth expectations. This revision may impact investor sentiment negatively.
The downward revision in both revenue and EPS forecasts suggests that Guess? Inc. is facing challenges that could hinder its financial performance. This is likely to lead to a negative short-term impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100