American clothing retailer Guess? expects tariffs to impact its losses by $10 million, as its GAAP net loss for the first quarter of fiscal 2026 was $32.9 million, despite a 9% increase in total net revenue to $647.8 million.
Guess what? Expects tariffs to impact the situation by less than $10 million. Source: FotograFFF/Shutterstock.
Guess?'s first-quarter loss figure reflects a net unrealized loss of $4.3 million, which contrasts sharply with the net unrealized gain of $38.5 million reported in the same quarter last year.
The Company's GAAP diluted net loss per share for the first quarter of fiscal 2026 was $0.65, down from GAAP diluted net earnings per share (EPS) of $0.23 reported in the same quarter of the prior year.
Guess? also disclosed an adjusted net loss of $22.3 million for the first quarter of fiscal 2026, up 61% from an adjusted net loss of $13.8 million for the same quarter last year.