quarterly thank all for Fabrice, conference joining and you, Thank you fiscal for us call. XXXX our QX
our objectives share quarter of to we we you for year are progress the our date financial to shareholders. number focus against driving growth made revenue a and and as value We have strategic pleased and creating results to earnings important sustainable and continue on operational, this third with
about and we fiscal will I we our objectives, provide relevancy, critical were third we results customer and that our growth, objectives quarter outlined product I organizational on. we and have near- These centricity, made excellence As against objectives outlook. focused relate speak brand that X will to XXXX, the and enter progress talent, optimization. these details on long-term
revenues quarter, we than grew than a the Turning U.S. we to In due by reaching anticipated. first expected stronger $XXX had to operating our slightly had we XX%, million, lower results. dollar
our Guess bone, along by the in business. primarily of with sales growth & increase was rag company fueled Our a modest core from addition
growth exception of was segments posted licensing, with outerwear. result a the quarter, which our of operating internalizing During the all flat as of revenue
benefited management. high European was well performance Americas a a expense revenue even stronger wholesale, XX% and comp. with our of and the result
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Asia did meet quarter. in expectations the not
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this opportunity engagement that turning on and around, and for also actively are the as to We we holidays efforts business speak. this customer is our we believe enhancing marketing working critical
pricing strategy sentiments are environment. we given addition, promotional In consumer our competitive the evaluating and current
Marciano footwear both our across product apparel in levels apparel declines sales businesses. experienced women's to performance experienced We all In we Europe, next each region. while accessories, performance. Moving different increases, and men's our and delivered
than and denim a offset in and softness sweaters pant, mentioned. of collections, men's the and product product capsule capsule continued of I part lot categories region shifted For Americas, new women's activewear contributed while These did to just performed including some men's strongly, while in Paul women's few last new and teams the down, by strongly outerwear, the new performed men's this our in as sweaters a
In months. other the that in into introduced both trending that sweaters trends women's have the just in driven also season, our business dress in comp the as women's the increase. more businesses they categories Europe, were
accessory categories sales delivered We internalized though watches and this quarter. in as well growing fragrances, both saw notable year. handbags, Marciano, declines with by versus categories better also in and as footwear royalties last than performed in licensing footwear offset growth most our that were and expected we in the finally, And year the exceptions, fragrances and business flat
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in year, growth of is the sales We bone rag Rag business strong of though double-digit the Chair the very by and continue now bone's October. & brand of its progress the with Rag for particularly plans wholesale and numbers. team, shift our shipments, of to progress expand in in prior in against strong teams Rosen is the bone's & initiatives which for on Overall, delivering the line pleased timing in its business that short delivering far trends with many a the international trajectory Executive as of for to the expansion. year working expect Paul of the now be top a business led to our
Thus platform. & the Andrew onto product growth and of brand and new are quarter, the integration collaboration strong our and was were X solid we remains categories through some solid collaboration the QX. stores, relates company direct-to-consumer
quarter gross third margin expectations we of delivered margins, quarter. our a into the consistent XX.X%, going total with company Regarding
total year-over-year near- our in to the quarter support growth Turning third X/X SG&A. We to was longer-term objectives. managed our increase and expenses during well the company quarter. About expense of
expectations engagement we brand, marketing quarter. our enhance XX% bone investments year's our an awareness This in and increased with against operating both tax build within operating planned, period, X.X%, the spite profit to Guess customers. includes consistent brings we the million our an delivered Jeans. adjusted our our of and of our which investments, the of me These adjusted directed As increase to a earnings in roughly range are and last delivered domestically outlook. third investments brand of significantly $X.XX, and investments we & And adjusted advertising we rag had rate higher increased income with
In quarter, in adjusted growth for expectations. margin in share primarily also abroad and $XX per stronger of Guess
reflect very adjusting our taxes now But we experienced quarter, our in retail and an year softness tightly are that than we outlook, softness is to and freight a the revenue provided year. our adjusting for our outlook primarily more who are well with our the in North our businesses impactful last expected environment currencies, where we as third stabilization the we and quarter consumer control trends clearly our to We outlook could and as manage America some factors promotions had more results. costs recent When sensitive in like Asia, that external we outside to but to fourth incorporate last in price.
will On tax rate currencies, the put higher all U.S. again, We Sea the And earnings expect the result are also recent the customers' Red that, landscape. the will lower too, our our and overall QX. strengthening for promotional given year sensitivity against year. last, holiday and for crisis, have margins. negatively will competitive the expectations income dollar season and QX further adjusting we revenues given in
Freight us plans impact of moved price been volatile the also pressure on which of the costs, a
the we As to our EPS through updated a $X. billion, take a adjusted at $X between X%, revenues our detail slightly few will and you year expect in result, have now for outlook X% just year or below of full and to range more in $X.XX a outlook growing minutes. we Dennis
progress number we important and of now talk let and a strategic the So make to against future pivot me objectives. as operational about continue
discussed now multiple powerful over and year, growth expansion throughout at our the but vision have that platform I the Guess of not built expansion have has brands. the for this just focused company As we the support are on of brand, the we to time, continued evolved leveraging
stores distributing of own online, have broad capabilities, department We channel big thousands our mom-and-pop through and shops. stores,
management and countries. already teams with in XXX footprint partners global a distributing have We
We have XX market licensee chain. an to our extensive in along categories. global And bring products supply partners, we with different
do us lifestyle to brands. transforming that into category cannot to regional platform brands expanding brands do mono things globally Our others simply enables from
model, now excellence is drive elaborate will forward As leverage to continue and further this, of on key efficiencies. of I operations our look we product to platform be our this marketing. our we X growth commitment all focused to to optimization and and of on objectives, our Underlying ongoing
me with growth. start Let
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awareness envision cities For stores primarily supported in the brand that to partners, rag key relies distribution region. in introduce & wholesale Europe, customer in build retail by we bone on the and
additional pursuing a in for new have Dusseldorf, stores and store Stockholm, in We Amsterdam Vienna. Munich, lease are actively signed Copenhagen and a
have marketing the We to in is begun those available markets. even before seed brand awareness
in & partners to Europe and the also are in of outside East discussions potential with bone We Middle rag Australia. represent Mexico,
are We the categories have deal licensees and to brand. enhanced an our more already working with inked handbag bring to
building to brand. Nicolai Marciano's this Moving Jeans. we are Under with leadership, Guess momentum
and based be quite our from In we the January, Guess to accounts the well at The in has show have been PD We brand in Walmart positive. is the the market have Europe. Florence, we'll that the augmented doing line received response trade feedback in Italy. newest collection Man wholesale launching on
stores X Milan. in have Amsterdam Berlin, Europe opened We and in near
are on a the brand to and in stores, California. to open event big Melrose West in one more the in X Japan We Hollywood, set with Tokyo launch X other
about just bring the recently Guess Jeans to Macy's stores dozen a of addition, U.S. in agreed In its to
men's Europe, positioning, apparel, to our men, and in sweaters, and including and accessories in women's grow, outerwear assess and category opportunities our and we significant we in competitive and various as the see specifically fragrances handbags women Guess for the both athleisure brand denim, business, the footwear luggage. For development, region and environment
America a today. been the have in results line not brand's potential, and have portfolio Our with we much store smaller in North
as However, we engagement. to experiencing, the been that especially are developing strategies relates it customer trends to we acquisition reverse and have
in and customers become the expectations our We aligning competitive pricing business that sensitive the of to as price. highly are in the customer factory our business, especially environment our has strategies currently region, reviewing this with
marketing. Moving to then
their managing evolved of in and discerning more and significantly. customer are the media consumers engagement world today's spending has that is experience Our social
have broaden We ourselves marketing a own best-in-class challenged to our to marketing engine. build capabilities
conclusion led their Guess, shopping For our to our the opportunities and investments enhance incremental review media, customers collaborations, differently study make us brand CRM customer are and to and and that there in engagement more benchmarking experience. with social connect to
also relentlessly focus needs on development place our We the impact the of customers our actively and to to center meeting identified cycle, their at expectations. opportunities and product customer design and listen product to styling
in immersive the Over dynamic Key winter featuring tailored influencer Georgina Connected period. during very Rodriguez and cool our team than encompassed also resorts. Out-of-home, strategy Paul's clubs included in emerging Print, connections younger destinations initiatives and elevate for loyal These our XX activations a highly Safari and in among events marketing TV the across and innovative strategic has vision in-store and collaborations with hosting events and the and beach talent, year, audiences covered Guess brand a partnerships our with efforts campaigns millennial customers. designed branding paid that Africa past media digital relevance with targeted executed like deepen experiential to campaign consumers holiday and guidance, multifaceted more
to our strategic social to a is media our with engaged develop will It's quarter, an framework customers partner can Ultimately, across Guess existing to track refine media our of practices social other segments. our us multiple month goal today's consumer. a This customer speaks and support that X and efficacy a external all marketing we help engine of program to about our that work brands. that powerful the strategy build
strengths be the project, company's come. We is in outcomes to of share have defining of just This to adapt, new greater we'll this our evolving the
In and ability begun one seize to key quarters continuously closing, our adaptability DNA. to some opportunities achieve is and in its embedded most success. excited
guiding culture, founders, entire our has our of hallmark with a While originated it become it organization. our
Our we true journey global beyond at along almost a as embracing of brand. but We expanded and Guess sales ourselves a U.S. wholesale, Later, retailer way. sights specialty began and our our come as evolving lifestyle set a markets. time, over reinventing extended XX% we horizons, capabilities today, denim from wholesaler, the expansion, multichannel our on international into
our speaks to resources and execute vision. track record to ability opportunities, Our identify on our reposition
As look to growth continued again our on creation once we ahead, our value ability and depend evolve.
Our while support are and fostering rag requires focus, preserving platform thriving of our global acquisitions while aspects Guess organically new dual that expand areas and the to existing focus business optimizing challenge. strategic ones, a Jeans is of with on both This like through our as & bone. addressing businesses our
business, see our U.S. improve. Guess in we opportunities to For instance,
pricing preferences engagement. their understanding to We element are and and product re-evaluating expectations brand every experience, from customer offerings our of needs,
building and Additionally, place
Guess and strategies for ensure legacy that leadership we and while is that our U.S. structure proven to proud the reclaiming present the to our talent organizational our the and for in our have planning ahead confident has to committed fully success. in the future. market, we upon ambitious, yet we ability we are strength. in have are Together, consistently and Admittedly, culture. assessing team the I'm a manage right road
swift will acquisitions not in while like more year. particularly year's time. as not on acquisition-driven this I will marketing, This returns deliver occur will opportunities transition & for the organic every remain bone Investments may results, example,
Despite incredibly year-over-year initiatives deliver growth focus from rag Some dynamic require immediate and year's next growth. could result before to nuances, in momentum optimistic about these us. variability, rate we others
position our and enduring success. business for dedication. to extend members their for team Our deepest and our competencies team Paul work caliber of hard the our and us gratitude I
with Thanksgiving look our the We growth achievement. to to Dennis? to Together, and shareholders. the wish share a to hand over happy that, a of valued for our and outlook quarter them, third also will to the families
And want with Dennis their forward year. review I we filled future and balance
