Guess continues to see success in Europe, Asia as it downsizes exposure to the U.S. retail market.
No-moat Guess achieved 4% constant-currency revenue growth (the third consecutive quarter of growth), and adjusted operating margin improvement 10 basis points to negative 5% in the first quarter on strength in Europe and Asia, where revenue was up 23% and 17%, respectively. Further, management appears to show a willingness to correct its course, now stating that it is focused on shrinking rather than growing its Americas footprint, a decision we view as wise from a profitability standpoint. Tha...GUESS? designs, markets, distributes and licenses collections of apparel and accessories for men, women and children. The lines include collections of clothing, including jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear and intimate apparel. In addition, the company selectively grants licenses to design, manufacture and distribute a range of products that complement its apparel lines, including eyewear, watches, handbags, footwear, kids' and infants' apparel, outerwear, fragrance, jewelry and other fashion accessories. The company's businesses are grouped into five reportable segments: Americas Retail, Americas Wholesale, Europe, Asia and Licensing.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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