- Guess? Inc's Q2 FY24 results surpassed expectations, leading to a rise in shares by 17%.
- The company's net revenue increased by 3% YoY, with substantial growth seen within the European and Asian markets.
Surfing the waves of traditional retail revival is Guess? Inc (NYSE: GES), witnessing a substantial rise in its shares by around 17%, following the release of its Q2 FY24 results. The company managed to navigate the choppy waters of the retail landscape and beat forecasts, recording a net revenue increase of 3% YoY to $664.5 million. This figure greatly surpassed the consensus of $640.5 million.
Two foremost geographical regions played a pivotal role in contributing to the company's profitable quarter - Europe and Asia. Each presented significant YoY growth rates of 9% and 19%, respectively. It's critical to delve into the possible reasons attributing to this successful performance within these markets.
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