Market movers

Fashion retailer climbs despite big loss

Guess recently held a model search in Chicago.

Tasos Katopodis/Getty Images

Guess recently held a model search in Chicago.


Guess Inc. jumped after the retailer reported better-than-expected profit despite a significant decline over last year. Guess reported adjusted net earnings of $11.7 million for the 2014’s first fiscal quarter, a 56 percent drop over the same period in 2013. Adjusted earnings per share were 14 cents. Revenue fell 5.2 percent to $548.9 million. Revenue from operations in North America and Europe were 5 percent and 13 percent lower, respectively, while sales in Asia jumped 10 percent. CEO Paul Marciano said in the earnings “reflect the ongoing success within the company to globally streamline and improve productivity.”

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of