Published on 8 Apr 2024 on Zacks via Yahoo Finance
Guess? (GES) Benefits From Brand Strength & Key Strategies
Guess? Inc. GES is benefiting from ongoing momentum and strong customer response to its brand. The company is committed to its six key strategies and made remarkable progress against each of them. However, a volatile shopping environment globally remains a threat.Let’s delve deeper.
Growth Efforts in Place
Guess? remains optimistic about its robust global platform, which will facilitate growth and expansion of the company’s Guess and Marciano businesses, alongside rag & bone, which will mark the company’s first acquisition. These factors aided the company’s solid fourth-quarter fiscal 2024 results, with the top and the bottom line increasing year over year and beating the Zacks Consensus Estimate.Management is positive about fiscal 2025, wherein it expects to surpass $3 billion in revenues for the first time, supported by an impressive growth plan for its core business, the integration of rag & bone into its portfolio and the introduction of Guess Jeans to cater to the demand from Generation Z consumers. Guess? anticipates revenues to grow in the range of 11.5-13.5% in the fiscal 2025.