Guess?, Inc. has reported its fiscal year 2026 third quarter results, showing an increase in revenues to $791 million, up 7% in U.S. dollars and 5% in constant currency compared to the same period last year. The company delivered an operating margin of 2.9% and an adjusted operating margin of 4.7%. The GAAP EPS for the quarter was $0.48, while the adjusted EPS was $0.35.
For the third quarter of fiscal 2026, the company's adjusted net earnings increased by 8% to $19.0 million from $17.7 million in the same period the previous year. Adjusted diluted EPS increased by 3% to $0.35 from $0.34 in the same period the prior year.
Total net revenue for the third quarter of fiscal 2026 increased by 7% to $791.4 million from $738.5 million in the same period the prior year. In constant currency, net revenue increased by 5%.
In terms of regional performance, Europe revenues increased by 10% in U.S. dollars and 6% in constant currency. Americas wholesale revenues increased by 28% in U.S. dollars and 26% in constant currency. However, Americas retail revenues decreased by 2% in both U.S. dollars and constant currency. Asia revenues decreased by 8% in U.S. dollars and 6% in constant currency.
The company's GAAP earnings from operations for the third quarter of fiscal 2026 decreased by 45.2% to $23.2 million from $42.3 million in the same period the prior year. The GAAP operating margin also decreased to 2.9% from 5.7% for the same prior-year quarter. Adjusted earnings from operations decreased by 13.5% to $37.0 million from $42.8 million in the same prior-year quarter. Adjusted operating margin decreased by 1.1% to 4.7% from 5.8% for the same prior-year quarter.
For the nine months ended November 1, 2025, the company recorded adjusted net earnings of $10.5 million, compared to $26.8 million for the same prior-year period. Adjusted diluted EPS was $0.19, compared to $0.49 for the same prior-year period. Total net revenue for the nine months ended November 1, 2025, increased 7% to $2.21 billion from $2.06 billion in the same prior-year period. In constant currency, net revenue increased by 6%.
The company's GAAP earnings from operations for the nine months ended November 1, 2025, decreased to $8.0 million from $70.2 million in the same prior-year period. The GAAP operating margin also decreased to 0.4% from 3.4% in the same prior-year period. Adjusted earnings from operations decreased to $39.7 million from $73.0 million in the same prior-year period. Adjusted operating margin decreased to 1.8% from 3.5% in the same prior-year period.
Despite the proposed take-private transaction with Authentic Brands Group LLC, Guess?, Inc. has shown a mixed performance in its financial results for the third quarter of fiscal 2026. While there were revenue increases and positive impacts from currency in certain segments, there were also decreases in operating margins and earnings from operations. Following these announcements, the company's shares moved 0.83%, and are now trading at a price of $17.05. If you want to know more, read the company's complete 8-K report here.
