NEW YORK — Receding revenues pushed Guess Inc. into the red in the second quarter of fiscal 2002, but the company did manage to beat analysts’ expectations.
For the three months ended June 29, the Los Angeles-based casual-apparel marketer reported a net loss of $6.4 million, or 15 cents a diluted share. That compares with last year’s profits of $1.5 million, or 3 cents. However, the loss per share did best Wall Street forecasts by 2 cents as well as bettering by 1 cent the higher end of a company-earnings revision issued last month.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)