Guess'S Three Quarter Operating Profit Fell Sharply By 39%.

Apparel retailer Guess failed to meet market expectations in the three quarter, and the group lowered its annual target again.

In the three quarter ended November 2nd, Guess revenue fell by 3.9%, from $613 million 500 thousand last year to $589 million 900 thousand, less than $595 million 300 thousand in the market forecast.

Among them, the group's largest market, North America's retail sales fell by 4.2% to 243 million 200 thousand US dollars a year, and the same store sales fell 5%.

Sales in Europe and Asia fell by 5.5% and 2% to 189 million 900 thousand US dollars and 71 million 300 thousand US dollars respectively.

North America is also the only group of five major business sectors with a business deficit, with a loss of US $10 million 500 thousand, while European, Asian and authorized business profits decrease compared to the same period last year.

The three quarter

For us $20 million 800 thousand, it was 38.9% less than US $34 million in the same period last year, which is smaller than market expectations.

Diluted earnings per share declined from $0.40 to $0.24, far exceeding the market forecast of $0.18.

Operating profit decreased by 50.1% to 24 million 900 thousand US dollars compared with the same period last year, and the operating profit rate dropped by 390 basis points to 4.2%, compared with 8.1% last year, mainly because of the higher

Impairment spending, declining sales in North America and Europe and increased sales in North American markets.

From 37.2% in the same period last year to 36.3%, the decline was 90 basis points.

Guess expects the current fourth quarter earnings per share will be in the range of 0.53-0.63 dollars, with revenue of 6.95-7.10 billion, and the two data are all worse than the market expected US $0.69 and US $747 million 100 thousand.

The group also reduced the annual earnings per share from the previous US $1.05-1.20 to US $1.00-1.10. The annual revenue is expected to be reduced from US $24.4-24.8 to US $100 million. The market expects the above two data to be US $1.10 and US $2 billion 470 million respectively. 1.05-1.20

Guess closed $22.17 on Wednesday, up 1.28%, and further increased 0.63% to $22.31 after the stock market, which has fallen by about 29% since 2014.

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Calvin Klein Calvin clay, Tommy Hilfiger and Levi 's Levi's and other brands of clothing production distributors G-III Apparel Group Ltd. (NASDAQ:GIII) in the three quarter benefited from the earlier US cooling stimulus jacket sales performance was strong, the performance far exceeded analysts' expectations.

The quarterly net profit was $80 million 600 thousand, or $3.53 per share, with a net profit of $59 million 600 thousand or $2.85 per share last year, an increase of 35.3%.

Adjusted earnings per share were $3.09, while analysts forecast $2.89.

Revenues totaled $812 million 300 thousand, up 21.5% from 668 million 700 thousand dollars a year ago, excluding the G.H. Bass & Co. business acquired from PVH Corp. (NYSE:PVH) last year, with an 11.9% increase in revenue.

Analysts expect the group to earn $802 million 200 thousand in the three quarter.

Gross profit margin rose sharply by 240 basis points to 36.3%, compared with 33.9% in the same period last year.

G-III Apparel Group Ltd. (NASDAQ:GIII) raised the net profit for the year to 9060-9390 US dollars from the second increase in September, to $2 billion 130 million. Adjusted earnings per share also increased to US $9060-9390, after which it was expected to be US $3.55-3.70, and the annual revenue estimate was raised from US $2 billion 110 million to US $2 billion 130 million.

Analysts expect the group to adjust earnings and earnings to $4.10 and $2 billion 110 million a year, respectively.

Morris Goldfarb, chairman and chief executive of the group, revealed that in addition to the coats, sportswear and dress sales also contributed to the strong growth of last season.

He expects that the current brand portfolio group will maintain a 20% organic growth rate in the next 3 or 4 years, but the group will continue to look for acquisitions such as shoe brand G.H. Bass & Co..