Guess Sales Boosted by Rag & Bone Acquisition, Appoints New CFO

Guess Inc. reported an 8% increase in sales for the fiscal year 2025, reaching $3 billion, driven by strong fourth-quarter performance and the strategic acquisition of Rag & Bone. The Los Angeles-based retailer revealed that its fourth-quarter sales grew by 5%, totaling $932.3 million for the three months ending February 1.

By region, European revenues saw a 2% increase, while sales in Asia dropped by 15%. In the Americas, retail revenues grew by 4%, although comparable sales, including e-commerce, fell by 14%. On a positive note, wholesale revenues in the Americas surged 63%, and licensing revenues rose by 18%.

Despite the revenue growth, net income for the quarter fell by 29%, totaling $81.4 million. The company attributed this decline to investments tied to the Rag & Bone acquisition, completed in April of the previous year, as well as challenges in its direct-to-consumer business in North America and Asia. However, the acquisition and solid performance in the wholesale segments across Europe and the Americas contributed to the overall revenue increase.

Carlos Alberini, CEO of Guess Inc., commented, “All of our operating segments posted revenue growth, except for our Asia segment. We ended the year with an 8% revenue increase in U.S. dollars and a 10% increase in constant currency. Although we missed our direct-to-consumer targets, the results from Licensing and wholesale businesses in Europe and the Americas were strong. Reaching nearly $3 billion in revenues, with significant milestones like the acquisition of Rag & Bone, positions us well for future growth.”

In another key announcement, Guess Inc. revealed that Alberto Toni, currently the Group Managing Director and CFO at Flos B&B Italia Group S.p.A., will join Guess as its new CFO, effective mid-June. Toni will succeed interim CFO Dennis Secor, who will remain with the company as Executive Vice President until September 12, ensuring a smooth leadership transition. Toni will be based in Lugano, Switzerland, and oversee Guess’s global finance team.

“We are thrilled to welcome Alberto as our new CFO,” said Alberini. “With over 30 years of global financial and operational experience, he has a proven track record in leading design, retail, and consumer-focused companies. Alberto’s leadership will be instrumental in optimizing our business portfolio, enhancing our cost structure, and positioning Guess for sustainable long-term growth.”

Guess’s strong financial results and strategic leadership changes reflect the company’s commitment to expanding its global footprint and maximizing growth opportunities in the years ahead.