Guess posts mixed messages as momentum pushes sales upwards

Guess managed to raise its turnover by 7 % in the past six months, but the brand saw its profit completely melt away.

Stock exchange exit

Turnover rose to 1.42 billion dollars (1.3 billion euros), but at the same time Guess saw last year’s 2.4 million dollar profit turn into a net loss of 26.7 million dollars (24 million euros), compared to a profit of $2.4 million last year. CEO Carlos Alberini said he was “pleased” with his company’s sales, which he attributed to “momentum in Europe and retail in America”.