GUESS?, Inc. reported a net revenue of $791.4 million for the third quarter ending November 1, 2025, marking a 7.2% increase from $738.5 million in the same period last year. The company achieved a net income of $25.6 million, or $0.48 per diluted share, compared to a net loss of $23.4 million, or a loss of $0.47 per diluted share, in the prior year. The increase in revenue was attributed to higher wholesale shipments, the impact of newly acquired businesses, and new store openings, although it was partially offset by lower e-commerce sales and royalties.
In terms of operational performance, GUESS? experienced a decrease in gross margin, which fell to 42.5% from 43.6% year-over-year, primarily due to higher markdowns and an unfavorable business mix. Selling, general and administrative (SG&A) expenses rose by 10.6% to $309 million, reflecting increased costs associated with store labor and the evaluation of the proposed transaction with Authentic Brands Group. The company also recognized $4.8 million in asset impairment charges during the quarter, a significant increase from $1.1 million in the same quarter last year.
The company’s balance sheet showed total assets of $3.0 billion as of November 1, 2025, up from $2.8 billion at the end of the previous fiscal period. Cash and cash equivalents decreased to $154.2 million from $187.7 million, while inventories rose to $692.3 million, reflecting a strategic decision to bolster stock levels in anticipation of future sales. Accounts receivable also increased by 6.4% to $407.8 million, driven by higher wholesale shipments.
GUESS? has been actively pursuing strategic initiatives, including the acquisition of rag & bone, which was completed in April 2024. This acquisition is expected to enhance the company’s brand portfolio and market reach. Additionally, the company is in the process of a proposed take-private transaction with Authentic Brands Group, which would see shareholders receive $16.75 per share in cash. This transaction is subject to regulatory approvals and is anticipated to close in the fourth quarter of fiscal 2026.
Looking ahead, GUESS? is focused on navigating macroeconomic challenges, including inflation and fluctuating consumer demand, while continuing to optimize its operations and expand its market presence. The company remains committed to managing expenses effectively to protect profitability and mitigate the impacts of ongoing supply chain disruptions.
About GUESS INC
Guess? designs, markets, and distributes a global lifestyle collection of apparel and accessories for men, women, and children. Its core brands include GUESS?, GUESS JEANS, MARCIANO, and G by GUESS, sold through retail stores, e-commerce, wholesale channels, and licensing worldwide. The company emphasizes brand image, innovative design, multi-channel distribution, and responsible sourcing to serve style-conscious consumers across diverse markets.
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