Why Is Clothing Company Guess Stock Diving Today?
Portfolio Pulse from Lekha Gupta
Guess?, Inc. (NYSE:GES) shares are down 10.6% after reporting Q2 results that missed EPS estimates and cutting FY25 guidance. Despite a 10% revenue increase, higher expenses and increased promotions led to a 41.6% drop in adjusted earnings from operations. The company also lowered its FY25 revenue and EPS outlook.
August 29, 2024 | 11:51 am
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Guess?, Inc. shares fell 10.6% after Q2 results missed EPS estimates and FY25 guidance was cut. Despite a 10% revenue increase, higher expenses and increased promotions led to a 41.6% drop in adjusted earnings from operations.
The stock price of Guess?, Inc. is negatively impacted due to missing EPS estimates and lowering FY25 guidance, which indicates potential challenges in profitability. The significant drop in adjusted earnings from operations and the decrease in operating margin further contribute to the negative sentiment.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100