Sales of Los Angeles-based fashion retailer, Guess, Inc increased by 8 per cent to $3 billion in FY25. Largely fueled by a strong fourth quarter, this growth was further boosted by the company's acquisition of Rag & Bone.
In Q4, FY25 that ended February 1, 2025, the company’s sales increased by 5 per cent to $932.3 million. Regionally, sales in Europe increased by 2 per cent while Asia sales declined by 15 per cent. The company’s retail revenues in the Americas increased by 4 per cent despite a 14 per cent decline in retail comparable sales, including e-commerce. However, wholesale revenue from the Americas increased by 63 per cent while licensing revenue expanded by 18 per cent.
The company’s net income for the quarter declined by 29 per cent to $81.4 million. Guess attributed its quarterly growth to the acquisition of the brand Rag & Bone last April, as well as positive momentum in its European and American wholesale businesses and increased licensing revenue. All of the company’s operating segments reported revenue growth, except for the Asia segment, states Carlos Alberini, Chief Executive Officer, Guess, Inc's
The company witnessed robust results in its licensing segment and wholesale businesses in Europe and the Americas, but fell short of our direct-to-consumer targets due to slower customer traffic in North America and Asia. Overall, its turnover increased to $3 billion, and $174 million and $180 million in GAAP and adjusted operating earnings, respectively.
Guess also appointed Alberto Toni as its new Chief Financial Officer, effective mid-June. Currently engaged as the Group Managing Director and CFO of Flos B&B Italia Group SpA,
Toni will succeed Dennis Secor, interim CFO who will remain with the company as Executive Vice President until September 12, 2025 to ensure a smooth transition. Toni will be based in Lugano, Switzerland, and will oversee Guess's global finance operations.
Alberini says, the company looks forward to Toni’s leadership as it optimizes its business portfolio, improves cost structure, and positions Guess for long-term growth
