Insight Report 3 minutes PremiumGUESS (GES) 2Q17 Results: Revenues Flat; Comp any Revises Full-Year Outlook Coresight Research August 26, 2016 Executive Summary Guess reported 2Q17 adjusted EPS of $0.14, ahead of the $0.06 consensus estimate but down 33.3% year over year. Revenues were $545.0 million, down 0.2% year over year and below the consensus estimate of $550.5 million. Europe was the strongest-performing geographic region in the quarter; revenues in the European division were up 7% year over year and up 6% in constant currency. Sales in the region were offset by lagging sales in the Americas, where revenues decreased by 3%. In Asia, revenues decreased by 6%. Wholesale revenues in the US decreased by 8%. For FY17, the company guided for a revenue increase of 3%–5%, or 2.5%–4.5% in constant currency, down from 5.5%–7.5% previously. The company raised its EPS guidance to $0.62–$0.75 from $0.55–$0.75 previously; consensus calls for full-year EPS of $0.58. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: What Silicon Valley Bank’s Downfall Means for Retail TechGoogle Cloud Next 2023: Opening Keynote—Generative AI in the SpotlightUS Consumer Tracker: Amazon Records January SlowdownWeinswig’s Weekly: The Singles’ Day Trifecta—Discounting, Livestreaming and AI