• Guess reports steep drop in Q3 earnings

    6 days ago - By Fashion United

    Image: Guess inc.
    Guess, Inc. third quarter net earnings of 21.8 million dollars, declined 26.9 percent and GAAP diluted net earnings per share decreased 24.4 percent to 34 cents.
    The company's adjusted net earnings were 24.7 million dollars, a 40.4 percent decrease and adjusted diluted EPS decreased 29 percent to 44 cents, compared to the same prior-year quarter.
    Total net revenue for the third quarter decreased 2 percent to 633.4 million dollars, while in constant currency, net revenue increased by 10 percent.
    For the fourth quarter of fiscal 2023, Guess expects revenues to be down...
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  • Nordstrom's posts Q3 loss, sales decline

    6 days ago - By Fashion United

    Image: Nordstrom
    Nordstrom, Inc. reported a third quarter net loss of 20 million dollars and loss per diluted share of 13 cents for the quarter ended October 29, 2022 and adjusted earnings per diluted share of 20 cents.
    For the third quarter, net sales decreased 2.9 percent versus the same period in fiscal 2021 and gross merchandise value decreased 2.5 percent.
    During the quarter, Nordstrom banner net sales decreased 3.4 percent, and GMV decreased 2.9 percent. Net sales for Nordstrom Rack decreased 1.9 percent.
    Commenting on the third quarter trading, Erik Nordstrom, chief executive...
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