Guess?: Buy The Optimism Or Sell The Results?
Guess?: Q1 Hurts Short-Term, Long-Term Bull Cases
Wed, Nov. 30, 5:36 PM
Wed, Nov. 30, 5:18 PM
Wed, Nov. 30, 4:49 PM
- Guess (NYSE:GES) -14.3% AH after missing Q3 earnings and revenue estimates and guiding Q4 results below analyst expectations.
- GES says the Q3 operating margin for its Americas Retail segment fell to -4.9% from -0.9% in the prior-year period, driven primarily by the negative impact on the fixed cost structure resulting from negative comparable store sales and more markdowns.
- GES issues downside Q4 guidance, seeing EPS of $0.40-$0.50 vs. $0.60 analyst consensus estimate, on a 3.5%-7.5% gain in revenues, which would equate to $681M-$707M vs. $724M consensus.
Wed, Nov. 30, 4:20 PM
Tue, Nov. 29, 5:35 PM
Wed, Nov. 9, 1:14 PM
- Retail store chains are breaking higher as investors digest the impact of the GOP sweep.
- A very popular topic on Q3 conference calls was election anxiety in the U.S., with the thought that consumers were holding back.
- An interesting point is that in recent consumer sentiment surveys Republicans showed a sharply lower positive reading on the state of affairs than Democrats. If the theory holds out, close to 60M Trump voters will now open their pocketbooks a bit more.
- Gainers include Fred's (FRED +10.5%), Tuesday Morning (TUES +7.1%), Kroger (KR +4.2%), Whole Foods Market (WFM +2.5%), Supervalu (SVU +4.2%), Ollie's Bargain Outlet Holdings (OLLI +3%) Stage Stores (SSI +6.7%), Build-A-Bear Workshop (BBW +2.7%), Kohl's(KSS +3.3%), Dillard's (DDS +2.2%), Stein Mart (SMRT +4.5%), Tailored Brands (TLRD +4.1%), Guess (GES +3.6%), Gap (GPS +3.1%), Buckle (BKE +3.6%) and PriceSmart (PSMT +1.4%).
Fri, Sep. 9, 9:27 AM
- A survey from William Blair indicates that teenagers and young adults have increased their visits to malls this year to reverse a multi-year trend.
- In what may come as a surprise, teens ranked malls above movie theaters, restaurants, and sports clubs/extracurriculars as their most popular place to meet.
- Despite the depressed levels of overall sales this year for mall retailers, the read on teens could be a possible indicator that the mall model will evolve and survive, instead of disappear.
- "While overall mall traffic remains challenging, our survey this year noted a material increase in the number of respondents who indicated they are visiting malls more often than last year, perhaps suggesting that malls’ efforts to increase relevancy (through more experiential brands and the addition of attractive entertainment and dining options) are beginning to bear fruit," says Bernstein analyst Sharon Zackfia.
- Mall retailers: AEO, ANF, ASNA, BKE, BOOT, CATO, CBK, CHS, CTRN, DSW, EXPR, FRAN, GCO, GES, GPS, LB, NWY, PLCE, SCVL, SMRT, SSI, TLYS, URBN, LULU.
Fri, Sep. 2, 9:05 AM
Tue, Aug. 30, 12:53 PM
- A warning from Abercrombie & Fitch (ANF -20.6%) on second-half comparable sales is resonating across the jittery apparel store sector, along with weak reports from DSW (DSW -10.3%) and Christopher & Banks (CBK -19.7%).
- Ascena Retail Group (ASNA -6.6%), Stage Stores (SSI -5.1%), Guess (GES -3.8%), Chico's FAS (CHS -3%), and Francesca's (FRAN -2.8%) are all notably lower after the gloomy sector updates.
- Previously: Abercrombie & Fitch falls hard after weak outlook (Aug. 30)
- Previously: Sales fall short at Christopher & Banks (Aug. 30)
- Previously: DSW sets in-line profit guidance (Aug. 30)
Thu, Aug. 25, 12:45 PM
Thu, Aug. 25, 9:16 AM
Thu, Aug. 25, 7:38 AM
- Guess (NYSE:GES) pops in early trading after surprising on the bottom line. The results were strong enough to prompt a reset from a pair of investment firms.
- B. Riley upgrades Guess to a Buy rating from Neutral after digesting the Q2 results.
- Telsey Advisory Group boosts its price target to $17.
- Guess reported that operating margin during the quarter decreased 190 basis points to 2.9%, but analysts expected an even sharper drop. The retailer raised full-year guidance for EPS to $0.79-$0.92 vs. $0.48-$0.68 prior.
- Previously: Guess beats by $0.07, misses on revenue (Aug. 24)
- Shares of Guess are up 18.86% premarket to $17.71.
Wed, Aug. 24, 5:38 PM
Wed, Aug. 24, 4:19 PM
Tue, Aug. 23, 5:35 PM
Tue, Aug. 16, 10:26 AM
- The RetailMeNot Promotions Index will measure the average retail promotions level from the top 500 U.S. retailers across 19 different categories.
- The broad promotion index currently reads 32.58% which RetailMeNot calls a "moderate" level.
- Tracking of the RetailMeNot data could be of particular interest in the apparel store sector (GPS, LB, AEO, ANF, CHS, PLCE, DSW, DXLG, FRAN, BKE, SSI, DEST, NWY, CTRN, GES, TLRD, SMRT.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, JHMC).
- Source: Press Release