Guess (GES) reported its first-quarter earnings recently and the numbers were not pretty. The retailer reported an adjusted loss of $1.81 per share on top of revenues of $260 million. The top-line figure was a 52% loss over the same quarter 12 months prior. Furthermore, the adjusted bottom-line number did not incorporate one-off charges such as losses on lease terminations as well as asset impairment charges. If we were to include all of these impacts, earnings actually came in at -$2.40 per share. In net income terms, the loss spiked to almost $158 million. In