Why Guess Stock Popped Today

Why Guess Stock Popped Today

Shares of Guess (NYSE: GES) have popped today, up by 11% as of 12:40 p.m. EST, after the company reported third-quarter earnings last night. The results topped expectations even as the COVID-19 pandemic continues to take its toll on the retail sector. Revenue in the fiscal third quarter declined by 8% to $569.3 million, topping the consensus estimate of $515.6 million in sales.