Why Guess? Stock Was Up This Week
Week to date, shares of Guess? (NYSE: GES) were up 15% through Thursday's market close, according to data provided by S&P Global Market Intelligence.
The apparel brand reported better-than-expected earnings results for the second quarter. Healthy sales and margin performance surprised investors, who have been digesting mixed results from other retailers this earnings season.
The stock entered the quarter trading at a low forward price-to-earnings ratio of just over 6, which is cheap even for a company that hasn't reported much growth over the last decade. But investors shouldn't get too hopeful about further gains just yet.
Source Fool.com
