Guess (GES) Q1 2026 Earnings Call Transcript
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Guess? (NYSE:GES) reported Q1 results reflecting the integration of Rag and Bone and continued wholesale momentum in Europe and the Americas, while facing pronounced operating challenges in Asia and licensing. The company increased inventory by 15% globally, primarily due to early shipments to Europe to mitigate Red Sea supply chain risks, with management expecting normalization as disruptions abate. Strategic initiatives include a new European loyalty program, expanded social media investment, and product pricing adjustments to address persistent traffic declines across retail regions. Full-year guidance incorporates the full-year performance of Rag and Bone, updated currency tailwinds, and tariff costs, with management emphasizing portfolio optimization and cost efficiency amid uneven retail trends.
Source Fool.com
