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