Guess? Inc.: The Rag & Bone Acquisition Can Be A Game Changer?

Guess?, Inc.’s Q1 fiscal 2025 showed a strong start to the year, with significant progress on operational, strategic, and financial objectives. The company reported results for the first quarter exceeding expectations in revenues, operating earnings, and per share results. Sales growth was recorded in each of their segments and gross margins expanded favorably impacting the bottom line. The company completed its first-ever acquisition, launched a new brand, Guess Jeans, secured the renewal of a key licensing agreement, and transformed its US distribution function. Guess also implemented measures to strengthen its financial foundation and deliver value for shareholders, such as rewarding shareholders with a special dividend, refinancing and repaying 2024 convertible notes, and obtaining an expanded credit facility.