How did GES outperform forecasts in Q4 2024?

Guess, Inc. (GES) outperformed forecasts in Q4 2024 primarily due to strong revenue growth, particularly in its wholesale business and international markets, despite facing currency-related challenges. 1. **Revenue Growth**: The company's total revenue increased by 13.41% year-over-year to $738.52 million, surpassing market expectations. This growth was driven by a 7% increase in European revenue and a 79% surge in Americas Wholesale revenue. 2. **Wholesale Business Strength**: The wholesale business performed exceptionally well, experiencing strong demand for new products. This strength contributed significantly to the overall revenue outperformance. 3. **International Performance**: Guess saw notable growth in its international markets, with Asia reporting particular strength. This international expansion helped offset some of the challenges posed by currency fluctuations. Despite these positive results, the company's net income declined by 135% to -$20.76 million, and the diluted EPS growth rate was negative at -157.32%. However, the revenue growth and the company's strategic focus on profitability indicators like gross margin and operating profit suggest that Guess is effectively managing its business to deliver solid financial performance despite challenging market conditions.