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Guess stock touches 52-week low at $17.27 amid market challenges

Published 30/10/2024, 19:50
GES
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In a challenging market environment, Guess? Inc (GES) stock has reached its 52-week low, trading at $17.27. The fashion retailer, known for its denim and accessories, has faced a tumultuous year, with its stock price reflecting a significant downturn. Over the past year, Guess? Inc has seen its value decrease by 12.38%, a notable decline that has investors and analysts closely watching the company's performance and potential strategies for recovery. The 52-week low marks a critical point for Guess? Inc as it navigates through the pressures of changing consumer trends and a competitive retail landscape.

In other recent news, Guess? Inc. reported a 10% increase in revenues, reaching $733 million in the second quarter of fiscal year 2025. The company's adjusted operating profit was $38 million, with adjusted earnings per share of $0.42. Despite declines in Americas retail and Asia businesses, Guess? Inc. saw strength in European wholesale and accessory sales. The company also updated its full-year outlook, projecting revenue growth between 9.5% and 11% and adjusted earnings per share between $2.42 and $2.70. In terms of strategic initiatives, Guess? Inc. is focusing on the expansion of rag & bone and the development of the Guess (NYSE:GES) Jeans brand, coupled with investments in marketing and organizational efficiency. These are among the recent developments that continue to shape the financial landscape of Guess? Inc.

InvestingPro Insights

Recent data from InvestingPro sheds light on Guess? Inc's (GES) current financial position and market performance. Despite the stock's recent downturn, GES maintains a remarkably low P/E ratio of 5.38, suggesting potential undervaluation. This is further supported by an InvestingPro Tip indicating that the company is trading at a low earnings multiple relative to its near-term growth prospects.

Investors may find solace in GES's dividend strategy. With a substantial dividend yield of 6.83% and a track record of maintaining dividend payments for 18 consecutive years, Guess? Inc demonstrates a commitment to shareholder returns even in challenging times. This is complemented by management's aggressive share buyback program, as highlighted in another InvestingPro Tip.

While the stock has experienced significant price declines over various timeframes, including a 32.42% drop over the past six months, GES's financials show resilience. The company boasts a healthy gross profit margin of 44.1% and has remained profitable over the last twelve months. For investors seeking more comprehensive analysis, InvestingPro offers 17 additional tips that could provide valuable insights into GES's investment potential.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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