Shares of clothing company Guess tumbled nearly 14 percent in the premarket Thursday after reporting earnings that missed analyst expectations.
The company also said its same-store sales in the Americas fell 0.7 percent in the fourth quarter. Analysts polled by FactSet had forecast an increase of 1.5 percent. Gross margins also contracted from the year-earlier period.
Do people still wear guess, so 80s hahah....
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Levi Strauss IPO comes as denim market braces for year of corporate shakeupsLevi Strauss is expected to begin trading on Thursday. The move comes as its next closest U.S. competitors, VF Corp and Gap Inc., plan corporate shake-ups of their own and customers shift their shopping habits. Do people still wear that ugly uncomfortable shit?
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Levi Strauss, Valued At $6.6 Billion, Is Making A Comeback As A Public CompanyThe 165-year-old company that invented blue jeans still makes most of its money from men’s pants, but that's changing. Now it's time for Levi Ackerman to make a comeback as humanity's strongest My favorite jeans Levi's jeans for life
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IPOs are red hot, doubling the return of the market, as Levi Strauss kicks off wave of offeringsAfter months of waiting, the 2019 IPO pipeline will finally open on Thursday with Levi Strauss. It is a perfect moment for the long-stalled IPO market.
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