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.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"