Guess Is Profitable In The First Quarter &Nbsp, And Benefits From Asia Europe Market.

Companies generally hold a conservative attitude towards earnings expectations. It expects the second quarter. Business income For 6.45 to 660 million dollars, earnings per share ranged from 77 to 83 cents. Analysts interviewed by Reuters expect revenue to be $650 million 480 thousand and earnings per share to be 79 cents.

The company said it plans to selectively increase the price of basic jeans and skirts, so as to reduce the pressure on the cost of raw materials.

Chief executive Paul Marciano said in a statement, "our whole industry is facing the problem of rising commodity costs, and many economies still have uncertainties."

However, the sales volume of the group in the first quarter increased in all regions. Europe's operating income increased by 12%, while Asia increased by 24%. The two regions account for about 45% of the total turnover of the group.

　　 Guess Competitors include Levi Strauss, VFCorp and True Religion 。 The group, like other companies, plans to continue investing in Asian and European markets.

The European economy has begun to stabilize after the financial crisis, and the brand plans to open 81 to 86 stores in Europe this year. As for Asian markets such as South Korea and China, the company plans to open 56 stores this year.

The North American market accounted for about 42% of the company's total sales, and the same store sales in the first quarter increased by 5%.

Wedbush analyst Betty Chen said, "the company's retail business in North America is improving, especially in many women's clothing categories". She also said that Guess also benefited from undeveloped markets such as France and Germany.

The company reported a profit of 46 cents per share in the first quarter, up from 44 cents a share expected by the market.

Guess's trading price was $45.15 after opening, and Wednesday's closing time was $40.10.