Guess Actively Exploring Overseas Markets

According to the news from Losangeles, Guess announced that its third quarter profit increased by 33%, and its sales in Europe and Asia new stores contributed.

Guess profit reached US $58 million 300 thousand this quarter, or US $0.62 per share, compared to 44 million last year or US $0.48 per share.

Revenue rose from $328 million 800 thousand to $469 million 100 thousand, up by 43%.

Guess has been working hard to expand its markets in Asia and Europe.

Guess's share price surged last year, thanks to the development of overseas markets.

At the same time, because of its precise market positioning and vision, the company keeps its products consistently high quality and timeliness, and has been active in wholesale and retail business.

The company raised its profit and sales expectations for the fiscal year ending February 2008.

The current profit is expected to be between $1.93 and $1.96 per share, which was estimated to be between $1.85 and $1.90.

Sales expectations also increased from $1 billion 560 million to $1 billion 600 million to $1 billion 680 million to $1 billion 700 million.

In Europe, the total revenue rose by 79% to $159 million 400 thousand, while the wholesale sector, including Asia's total revenue, rose by 75% to $76 million 900 thousand.

Guess now has 560 stores, 195 of which are distributed outside North America.