Guess? Q3 Earnings Lag Estimates, View Cut Amid External Challenges
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Guess? Inc. (GES) reported third-quarter earnings that fell short of estimates, despite top-line growth from the rag & bone acquisition and its core business. The company has lowered its fiscal 2025 outlook due to challenges such as currency fluctuations and increased freight costs.
November 27, 2024 | 8:45 pm
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Guess? Inc. reported Q3 earnings below expectations. The company experienced growth from its rag & bone acquisition but lowered its fiscal 2025 outlook due to currency and freight cost challenges.
The earnings miss and reduced fiscal 2025 outlook are likely to negatively impact GES's stock price in the short term. The challenges of currency fluctuations and freight costs are significant factors affecting the company's financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100