GES - Chief Creative Officer Of Guess Makes $6.78M Sale | Benzinga
PAUL MARCIANO, Chief Creative Officer at Guess (NYSE:GES), reported an insider sell on December 5, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that MARCIANO sold 300,000 shares of Guess. The total transaction amounted to $6,784,095.
Guess shares are trading down 0.88% at $21.48 at the time of this writing on Wednesday morning.
All You Need to Know About Guess
Guess? Inc designs, markets distribute, and licenses contemporary apparel and accessories that reflect European fashion sensibilities under brands including Guess, Marciano, and G by Guess. The company has five reportable segments namely Americas Retail, Americas Wholesale, Europe, Asia, and licensing. It generates maximum revenue from the Europe segment.
Financial Insights: Guess
Positive Revenue Trend: Examining Guess's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 2.8% as of 31 October, 2023, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Key Profitability ...