Guess? Up 38% This Year: Will Europe, Asia Fuel Further Growth?

Loading...
Loading...

Despite facing challenges at its U.S. retail business, Guess?, Inc. GES has been recording year-over-year growth in its top line for five straight quarters now. The robust top-line performance stems mainly from the superb performance in Europe and Asia. Sales in these regions have been booming, courtesy of store additions as well as solid e-commerce business.

Notably, these factors have helped this Zacks Rank #2 (Buy) stock surge 38.5% so far this year, crushing the industry's growth of 2.2%. While weakness in the U.S. retail business, due to soft traffic, remains a hurdle, let's see if the company's international strength can offset these barriers and sustain its solid momentum.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Ralph Lauren Corporation RL: Free Stock Analysis Report
 
Guess?, Inc. GES: Free Stock Analysis Report
 
Michael Kors Holdings Limited KORS: Free Stock Analysis Report
 
Tailored Brands, Inc. TLRD: Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Loading...
Loading...
Posted In: Long IdeasTrading Ideascontributorcontributors
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...