Guess Inc. is seeing revenues increase while in a state of transition.
On Thursday, the Los Angeles-based company published its Q2 2026 results. Total net revenue for the quarter increased 6 percent to $772.9 million from $732.6 million in the same prior-year quarter.
The company’s Americas retail revenues decreased 1 percent. Retail comparable sales, including e-commerce, decreased 5 percent. Americas wholesale revenues decreased 11 percent.
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Europe revenues increased 14 percent. Retail comparable sales, including e-commerce, increased 11 percent. Asia revenues increased 3 percent. Meanwhile, licensing revenues decreased 10 percent.
The company recorded GAAP net earnings of $6.2 million, compared to GAAP net loss of $10.6 million for the same prior-year quarter.
Carlos Alberini, Guess Inc. CEO, said the revenues delivered were ahead of the company’s expectations for the quarter.
“Our improved revenues were mainly driven by stronger than expected comparable store sales in our European business and in our Americas retail segment, which showed continued improvement in same store sales versus the prior quarter,” he stated. “During the period we managed margins and expenses well, which, coupled with the revenue growth, led to GAAP earnings per share within our range of expectations and better than expected adjusted earnings per share.”
Guess Inc. did not host a conference call in connection with the quarterly results. The company is also suspending its practice of providing and updating financial guidance for fiscal year 2026.
On Aug. 20, Guess Inc. announced that it was selling controlling interest to Authentic Brands Group (ABG), the global brand development company that also owns Champion, Lucky Brand, Nautica, Reebok and more.
ABG will acquire a 51 percent stake in a newly formed entity that will own and license substantially all Guess’ intellectual property and assume the majority of Guess’s product licensing agreements. The remaining 49 percent will be owned by Guess cofounders Maurice and Paul Marciano, Nicolai Marciano and Alberini.
Under the terms of the deal, Guess and its subsidiaries will be taken private and be wholly owned by the current management team. The transaction is expected to close in the fourth quarter of fiscal year 2026.
