Guess Q2 turnover declines by 41.6 percent

For the second quarter, Guess Inc., recorded GAAP net loss of 20.4 million dollars compared to GAAP net earnings of 25.3 million dollars for the second quarter of fiscal 2020, while GAAP diluted loss per share was 31 cents compared to GAAP diluted earnings per share of 35 cents for the same prior-year quarter. The company said in a statement that adjusted net loss was 0.6 million dollars compared to adjusted net earnings of 27.4 million dollars, while adjusted diluted loss per share was 1 cent compared to adjusted diluted earnings per share of 38 cents for the same prior-year quarter. Total net revenue at Guess decreased 41.7 percent to 398.5 million dollars and in constant currency, net revenue decreased by 41.2 percent.