Here's Why Guess? Stock Is Getting Crushed Today
Shares of clothing retailer Guess? (NYSE: GES) were plummeting on Wednesday because of its report for the first quarter of fiscal 2021. As of 11:15 a.m. EDT today, the stock was down a painful 21%.
Revenue for Q1 fell 52% year over year. That result isn't so surprising since stores were closed. But where stores have reopened, Guess? sales are still way down.
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Source Fool.com