Guess taps increase in net revenue | Retail News USA
Home » News » Retailers News » Guess Taps Increase In Net Revenue

Guess taps increase in net revenue

Share: 
      Newsletter

READ MORE ON Apparel RetailerFinancial ResultsGuessRetailer News USA

Guess

Image Courtesy: pinterest.com

US-based fashion brand Guess has unveiled results for its fourth quarter and fiscal year ended January 28, 2017. In the fourth quarter, the apparel retailer recorded GAAP net earnings of US $ 6.6 million, an 86.3 per cent decrease from US $ 47.8 million from the fourth quarter of fiscal 2016.

Total net revenue for the fourth quarter of fiscal 2017 however increased by 3.2 per cent to US $ 679.3 million compared to US $ 658.3 million in the prior-year quarter. In constant currency, net revenue increased by 4.3 per cent.

Total net revenue for fiscal year 2017 increased 0.2 per cent to US $ 2.21 billion compared to US $ 2.20 billion in the prior year. In constant currency, net revenue increased by 1 per cent.

Also ReadApparel retailer Guess’ revenue up 2.9%

Region-wise, Americas retail revenues decreased 4.7 per cent in US dollars and 4.1 per cent on constant currency basis. In the US and Canada, retail sales including e-commerce decreased 4.9 per cent in US dollars and 4.5 per cent in constant currency. Europe revenues improved 8.9 per cent in US dollars and 9.2 per cent in constant currency. Asia revenues increased 3.6 per cent in US dollars and 4.9 per cent in constant currency. Americas wholesale revenues also decreased 5.9 per cent in US dollars and 2.4 per cent in constant currency terms.

 

Have some news? Let us know on news@apparelresources.com

Recommended by Apparel Resources

NIKE bags first denim patent

American sportswear giant NIKE gas bagged patent for its athletic denim. The intellectual property wing of the retailer entered this new category. The...

Online fashion retail to touch US $ 30 billion by 2020: Report

India’s consumer spending is now heavily influenced by ‘mobile’ where fashion retail/shopping is emerging out as a key segment thriving in the digital era, as...

Jimmy Choo is up for sale!

British fashion luxury brand, dealing mainly in footwear and accessories – Jimmy Choo has decided to seek offers following a new review of...

Victoria’s Secret emerges favourite among millennials

Victoria’s Secret, an American designer, manufacturer and marketer of women’s premium lingerie, womenswear and beauty products, has emerged as a favourite brand among...

Future Group announces demerger of home retail business

India-based Future Group has announced demerger of its home retail and e-commerce home retail businesses into a single entity. The newly formed entity...

Apparel retailer Bebe to shut all its stores

Barely a month after announcing its plans to explore strategic alternative options to boost the brand’s presence and sales by cutting down on...

H&M revives its India strategy, plans to open a store every month

In view of rising competition from global rivals like Zara and GAP in India, Swedish fashion retailer Hennes & Mauritz (H&M) is moving...

Walmart to organize ‘Open Call for US Products’

US-based leading multinational corporation, Walmart is organizing an ‘Open Call for US Products’ on 28th June, 2017 in order to meet its commitment to purchase...

Renown to target youth with new low-priced clothing brand

Japan-based Renown will be launching a brand of affordable clothing, next Spring, to grow a youth base of consumers, thereby hoping to bounce...

Aditya Birla Group launches Liva Crème

India’s Aditya Birla Group has announced launch of Birla Cellulose’s 'Liva Crème' brand. The variant has been announced after successful launch of high...