Guess? (GES) Goldman Sachs 31st Annual Global Retailing Conference summary

Strategic initiatives and brand expansion

• Achieved 10% revenue growth in Q2, with 13% growth in constant currency and $0.42 adjusted EPS.

• Acquired Rag & Bone for $57 million, aiming to expand its global presence and product categories.

• Launched Guess Jeans, a new lifestyle brand targeting Gen Z, with stores opened in Amsterdam and Berlin.

• Enhanced marketing investments, more than doubling spend to drive customer engagement and brand awareness.

• Maintains a strong capital structure, with $600 million in liquidity and recent refinancing of debt.

Rag & Bone integration and growth opportunities

• Rag & Bone generated $250 million in revenue last year, with 90% from the U.S.; international expansion is a key focus.

• Plans to leverage existing global management and wholesale networks to accelerate Rag & Bone’s growth.

• Accessories, especially handbags, identified as a major growth area for Rag & Bone.

• New store in Amsterdam secured, with further expansion planned in Europe, Mexico, Canada, and other regions.

• Integration is proceeding carefully to ensure smooth brand assimilation and long-term success.

Guess Jeans launch and multi-channel strategy

• Guess Jeans positioned as a distinct brand with lower price points and a focus on basics and multi-category offerings.

• Strong initial wholesale demand in Europe, with positive feedback and higher-than-expected order books.

• Expansion includes new stores in Europe and Los Angeles, with e-commerce as a key channel.

• Significant marketing investments, including high-profile events, to build brand awareness.

• Brand architecture now covers a broad audience, enhancing diversification and customer reach.