Guess? Announces $200M Share Repurchase Program

RetailFinance
Written By Rick Watson

Guess Inc. is a global apparel retailer known for its fashion-forward clothing and accessories. The company operates over 1,000 retail stores worldwide and has a strong presence in Europe, the Americas, and Asia. Guess reported a 3% increase in full-year net revenue, reaching $2.78 billion, and a 32% rise in net earnings to $198.2 million for the fiscal year. With a commitment to enhancing shareholder returns, Guess has initiated a $200 million share repurchase program, exchanged convertible notes, and made strategic acquisitions such as the recent deal with WHP Global to acquire apparel retailer Rag & Bone. Through the acquisition, Guess aims to leverage Rag & Bone's intellectual property to further expand its fashion portfolio while maintaining the brand's independence within the Guess portfolio.

Guess? plans to repurchase $200M of common stock, exchange $14.6 million of convertible notes for $12.1 million in 2028, and repurchase 326k shares for $10.3 million. Guess? is trying to get its finances back in order and return capital to investors via special dividend of $2.25 per share.

Retail Dive: Guess announces $200M share repurchase program

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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