Guess? inc reports second quarter results

Guess?, inc. reports second quarter results.q2 adjusted loss per share $0.01.q2 earnings per share estimate $-0.58 -- refinitiv ibes data.q2 gaap loss per share $0.31.q2 revenue $399 million versus refinitiv ibes estimate of $384.8 million.resumed its quarterly cash dividend program, declaring a cash dividend of $0.1125 per share on company's common stock.continued to tightly manage costs and inventory position.qtrly americas retail revenues decreased 44.7% in u.s. dollars and 44.1% in constant currency.not providing detailed guidance for q3 ending october 31, 2020 or full fiscal year ending january 30, 2021.asia revenues decreased 39.7% in u.s. dollars and 38.7% in constant currency in quarter.expect revenues for third and fourth quarters of fiscal 2021 to decrease in mid-teens range.qtrly gaap loss from operations including $12.0 million in non-cash impairment charges, $0.5 million favorable currency translation impact.guess - during q2 of fiscal 2021, continued to experience lower net revenue compared to the same prior-year period.guess - finished the quarter with a strong balance sheet and ample liquidity.ended quarter with inventories down 13% compared to last year.guess - pandemic has had and is continuing to have a material impact on co's financial performance.well positioned for second half of year.as of august 1, 2020 approximately 95% of our stores were open.
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