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Guess’ Q3 revenue up 14% despite Asia challenges

Guess released its Q3 FY2025 results for the period ending November 2, reporting a 14% YoY increase in net revenue to $739 million. Operating margin was 5.7%, with an adjusted operating margin of 5.8%. A stock buyback program led to a net loss of $23.4 million for the quarter, while adjusted net profit was $17.7 million, a 35% decline from the same period last year. Sales in Asia rose 2% YoY, but same-store sales, including e-commerce, dropped 17%, affected by weakened consumer confidence and reduced foot traffic in North America and Asia. Consequently, Guess lowered its full-year outlook, now expecting FY2025 revenue to grow between 7.1% and 8.1%.

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