Guess?, Inc. (NYSE:GES) Q3 2025 Earnings Conference Call November 27, 2024 4:45 PM 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

Mauricio Serna - UBS
Eric Beder - Small Cap Consumer Research

Operator

Good day, everyone, and welcome to the Guess Third Quarter Fiscal 2025 Earnings Conference Call. I would like to turn the call over to Fabrice Benarouche, Senior Vice President of Finance, Investor Relations and Chief Accounting Officer. Sir, you may begin.

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 Q3 Fiscal 2025 Quarterly Conference Call. We are pleased to share with you our third quarter results and the progress we have made to date this year against a number of important operational, strategic and financial objectives, as we continue to focus on driving sustainable revenue and earnings growth and creating value for our shareholders.

As we enter fiscal 2025, we outlined six critical objectives that we were focused on. These objectives relate to organizational talent, growth, brand relevancy, customer centricity, product excellence and optimization. I will speak about the progress that we have made against these objectives, and I will provide details on our third quarter results and our near and long term outlook. Turning first to our operating results. In the quarter, we grew revenues by 13%, reaching $739 million, slightly lower than we had expected due to a stronger US dollar than we had anticipated. Our company growth was fueled primarily by the addition of Rag & Bone, along with a modest increase in sales from our core Guess business.