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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Do people still wear guess, so 80s hahah....
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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?
Source: CNBC - 🏆 12. / 72 Read more »
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
Source: Forbes - 🏆 394. / 53 Read more »
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.
Source: CNBC - 🏆 12. / 72 Read more »