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Guess Inc. beat Wall Street expectations with generally positive financial results for the first quarter of fiscal 2020.
Guess saw its adjusted net loss grow 10% to $19.6 million from $17.8 million the first quarter of the previous fiscal year. However, the vertical apparel retailer also increased total net revenue for the first quarter 3% to $536.7 million, compared to $521.3 million in the prior-year quarter. U.S. same-store sales, including e-commerce, rose 4%. U.S. retail revenue climbed 3%.. . . more
