Guess? reported a 7% increase in revenue for Q3 FY2026, driven by strong performance in Americas Wholesale and Europe, despite ongoing softness in Americas Retail. The company is progressing towards a proposed take-private transaction with Authentic Brands Group.
Total net revenue increased 7% to $791.4 million, or 5% in constant currency.
positiveEurope revenues increased 10% in U.S. dollars and 6% in constant currency.
positiveAmericas Wholesale revenues increased 28% in U.S. dollars and 26% in constant currency.
positiveGAAP net earnings of $25.6 million, a significant improvement from a GAAP net loss of $23.4 million in the prior year.
positiveAdjusted diluted EPS increased 3% to $0.35 from $0.34 in the prior year.
positiveGAAP operating margin decreased to 2.9% from 5.7% in the prior year, impacted by higher expenses including proposed transaction costs, store costs, and restructuring charges.
negativeAdjusted operating margin decreased to 4.7% from 5.8% in the prior year, driven by higher expenses and markdowns.
negativeAmericas Retail revenues decreased 2% and comparable sales decreased 3%.
attentionAsia revenues decreased 8% and retail comparable sales decreased 5%.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total | CC |
|---|---|---|---|---|---|
Europe | $404063.0B | $368429.0B | +10.0% | 51.1% | +6.0% |
Americas Retail | $170037.0B | $172751.0B | -2.0% | 21.5% | -2.0% |
Americas Wholesale | $126147.0B | $98849.0B | +28.0% | 15.9% | +26.0% |
Asia | $60073.0B | $65478.0B | -8.0% | 7.6% | -6.0% |
Licensing | $31107.0B | $33011.0B | -6.0% | 3.9% | -6.0% |
| Total Revenue | $791427.0B | — | — | 100.0% | — |
Segment performance shows business unit health and growth drivers. Constant currency (CC) removes FX impact for like-for-like comparison.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
Carlos Alberini commented on the strong performance in Americas Wholesale and Europe, and encouraged by the improvement in Americas Retail same store sales.
The company announced a proposed take-private transaction with Authentic Brands Group, expected to close in Q4 FY2026.
Due to the proposed transaction, the company has suspended its practice of providing financial guidance.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.