Guess manages to narrow adjusted net loss in Q1

Guess, Inc. for its first quarter ended May 5, 2018 recorded GAAP net loss of 21.2 million dollars, a 0.3 percent improvement compared to 21.3 million dollars for the first quarter of fiscal 2018. GAAP diluted loss per share deteriorated 3.8 percent to 0.27 dollar from 0.26 dollar for the prior-year quarter. The company estimates that currency had a negative impact on diluted loss per share of 0.03 dollar in the first quarter. Adjusted net loss was 17.8 million dollars, a 7.9 percent improvement compared to 19.4 million dollars for the first quarter of fiscal 2018. Adjusted diluted loss per share improved 4.2 percent to 0.23 dollars, compared to 0.24 dollar for the prior-year quarter.