Fashion retailer Guess raised its profit forecast and said it expects minimal effects from further tariffs between the U.S. and China
Guess? Inc. shares rose sharply in after-hours trading Wednesday after the fashion retailer raised its profit forecast for its fiscal year and said it expects minimal effects from further tariffs between the U.S. and China.
Guess Chief Executive Carlos Alberini said Wednesday that the company had managed to mitigate risks related to tariffs in China by negotiating with vendors over the issue. Potential tariff increases won’t have much effect on the company, he told analysts.
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