Guess?, Inc. (NYSE:GES) Q2 2025 Earnings Conference Call August 28, 2024 8:30 AM ET
Company Participants
Fabrice Benarouche - Senior Vice President of Finance, Investor Relations and Chief Accounting Officer
Carlos Alberini - Chief Executive Officer
Dennis Secor - Interim Chief Financial Officer
Conference Call Participants
Dana Telsey - Telsey Advisory Group
Corey Tarlowe - Jefferies
Eric Beder - Small Cap Consumer Research
Mauricio Serna - UBS
Operator
Good day, everyone, and welcome to the Guess? Second Quarter Fiscal 2025 Earnings Conference Call.
I would now like to turn the call over to Fabrice Benarouche, Senior Vice President of Finance, Investor Relations and Chief Accounting Officer. Please go ahead.
Fabrice Benarouche
Thank you operator. Good afternoon, everyone, and thank you for joining us today. On the call today with me are Carlos Alberini, Chief Executive Officer; and Dennis Secor, Interim Chief Financial Officer.
During today's call, the company will be making forward-looking statements, including comments regarding future plans, strategic initiatives, capital allocation, and short and long term outlooks. The company's actual results may differ materially from current expectations based on risk factors included in today's press release and the company's quarterly and annual reports filed with the SEC. Comments will also reference certain non-GAAP or adjusted measures. GAAP reconciliations and descriptions of these measures can be found in today's earnings release.
Now I will turn it over to Carlos.
Carlos Alberini
Thank you Fabrice, and thank you all for joining us for our Q2 fiscal 2025 quarterly conference call. Before I discuss our operating results, I want to briefly touch on our CFO transition. As you all know, Markus Neubrand has stepped down from his CFO position with us to pursue another opportunity that will bring him closer to his family. We wish Markus the best in his future endeavors.
We have opened a search for a permanent CFO to be based in Lugano, Switzerland. While that search is ongoing, I am extremely pleased that Dennis Secor will step into the Interim Chief Financial Officer position. Dennis held this role before Markus joined. He brings a wealth of experience to the role and works very well with our teams across the company. I have great confidence in Dennis and our entire finance team as we move forward.
So with that, let me review our operating results. In the quarter, overall, we performed in-line with our expectations. Revenues grew 10% in U.S. dollars and 13% in constant currency, reaching $733 million. During the period, all our segments except for Asia posted revenue growth. Our core Guess business performed well in European wholesale as it has been consistently for several years now. We also drove growth in our Americas wholesale business, delivering strong top line increases in the U.S. and Mexico.