Guess (GES) stock was down 16.6% at 12:43 pm ET today as the company announced that Victor Herrero would relinquish his role as the CEO, effective February 2.
As we discussed in the previous part of this series, Gap (GPS) failed to meet same-store sales expectations in the first quarter, largely due to a slump in demand for its namesake brand.
As we’ve discussed throughout this six-part series, Tapestry (TPR) delivered better-than-expected results in fiscal 2Q18. It also raised its full-year earnings guidance.
The S&P 500 Apparel and Accessories index As discussed in the previous part, the S&P 500 (SPX) erased some of its YTD (year-to-date) gains last week (between January 29 and February 2), recording its largest drop over a week in the last two years. The index fell 3.8% and is currently sitting at a YTD gain of […]
Shares of Guess (GES) fell ~18% on February 1, 2018, after model and actress Kate Upton accused the company’s cofounder, Paul Marciano, of sexually and emotionally harassing women.
Michael Kors (KORS) is slated to report its 3Q18 earnings results on February 7. Management has guided for $1.22–$1.27 in earnings per share, including anticipated dilution of ~$0.04 from the Jimmy Choo acquisition.
After Abercrombie & Fitch’s (ANF) troubled beginning to the year, its woes seem to be somewhat abating. On November 17, 2017, it reported strong fiscal 3Q17 results.
Let’s compare Fossil with its peers. The price-to-earnings ratios of Fossil, Coach, Kate Spade, and Guess? are 7.5x, 21.9x, 31.8x, and 18.2x, respectively.
