Revenue Boost from Acquisition
In the latest financial report, Guess Inc. announced a significant 9% increase in revenue for Q1 2025. This growth primarily stems from the recent acquisition of Rag & Bone. The brand continues to expand its reach and solidify its position in the competitive fashion market.
However, it’s important to note that despite this revenue increase, Guess experienced a wider net loss during the same period. The company aims to counteract this trend with plans for wholesale growth and further strategic expansion. The management remains optimistic about the long-term benefits of the acquisition and its potential to enhance profitability.
