Guess?, Inc. reported a strong performance in its international business for the first quarter of fiscal 2023, with net sales increasing by 17.2% to $184.1 million. This growth was driven by strength across all regions, with Europe leading the way with a 20.7% increase in net sales. The Americas region also saw a solid increase of 10.8%, while Asia grew by 6.9%..
The company’s international business now accounts for 53.6% of total net sales, up from 51.9% in the prior-year period. This shift towards international markets has been a key driver of Guess’s growth in recent years, as the company has expanded its presence in key markets around the world..
**Europe**.
Europe remains Guess’s largest international market, and the company continued to see strong growth in the region during the first quarter. Net sales increased by 20.7% to $97.6 million, driven by growth in both the wholesale and retail channels. The company opened 10 new stores in Europe during the quarter, bringing its total store count in the region to 325..
**Americas**.
The Americas region also saw solid growth in the first quarter, with net sales increasing by 10.8% to $63.6 million. This growth was driven by strength in the wholesale channel, as well as the opening of new stores in the region. Guess opened 6 new stores in the Americas during the quarter, bringing its total store count in the region to 202..
**Asia**.
Asia is a key growth market for Guess, and the company continued to see solid growth in the region during the first quarter. Net sales increased by 6.9% to $22.9 million, driven by strength in the wholesale channel. Guess opened 2 new stores in Asia during the quarter, bringing its total store count in the region to 123..
**Outlook**.
Guess is optimistic about the future of its international business. The company plans to continue to expand its presence in key markets around the world, and it expects to see continued growth in both the wholesale and retail channels..
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