Guess Inc., the U.S. fashion brand headquartered in Los Angeles, announced that its net revenues for the second quarter reached $664.5 million, marking a 3% rise. This growth was primarily driven by surging revenues in the Asia and Europe sectors, although it was partially offset by a decline in the Americas region.

The company disclosed that its European revenues surged by 9% in U.S. dollars during this quarter. Notably, retail comparable sales, which include both in-store and online sales, experienced an impressive 11% boost in this region. 

Meanwhile, Asia witnessed a substantial 19% increase in revenues in U.S. dollars, accompanied by a 2% rise in retail comparable sales.

However, the Americas region faced challenges, with retail revenues declining by 8% in U.S. dollars and retail comparable sales decreasing by 6%. Furthermore, Americas' wholesale revenues dropped by 13%. On a positive note, licensing revenues demonstrated a notable 13% increase over the three-month period.

The company's financial report for the second quarter, which concluded on July 29, showed net earnings of $39 million. This represented a significant 63% surge compared to the same period in the previous year, where net earnings were $24 million.

The Americas retail business displayed an improved performance in comparison to the previous quarter, attributed to enhanced customer conversion rates in stores. As a result, the company achieved an operating profit of $65 million, corresponding to an operating margin of 9.7% for the period, which outperformed expectations.

However, despite the upswing in second-quarter sales, Guess did not achieve an overall increase in total revenues and profits for the first half of the year.

In the six months culminating on July 29, the company's net earnings totaled $27.2 million, signifying a 15% reduction from the $31.9 million earned during the same period the previous year. 

Additionally, revenues experienced a slight decline, from $1.24 billion to $1.23 billion.