Guess?, inc. reports first quarter results.q1 adjusted loss per share $1.81.q1 earnings per share estimate $-0.88 -- refinitiv ibes data.q1 gaap loss per share $2.40.q1 revenue $260.3 million versus refinitiv ibes estimate of $312.1 million.preserved liquidity and reduced cost structure to mitigate impact of covid-19 crisis.business was being significantly impacted by extensive store closures and lower customer demand.have all stores open in asia, over 400 stores in europe and over 180 stores in u.s. and canada.sales productivity for re-opened stores for q2 to date has reached roughly 75% in u.s. and canada.guess - qtrly americas retail revenues decreased 57.7% in u.s. dollars and 57.4% in constant currency.sales productivity for re-opened stores for q2 to date has reached roughly 70% in europe.guess- global crisis will continue to have material impact on financial position, consolidated results of operations, cash flows in 2021.q1 results reflect asset impairment charges, additional inventory valuation reserves, higher allowances for markdowns, doubtful accounts.guess- not provided detailed guidance for q2 , fy 2021.q1 charges partially offset by favorable impact from various european, u.s. government assistance program, some favorable tax treatments.guess- currently expect q2 revenue to have a decrease similar to that of q1.guess- to continue to postpone decision to pay quarterly cash dividend at this time.
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