Guess has reported a single-digit sales growth for the second quarter amid strong performance in Europe and subdued results in the US.

The company’s revenue for the quarter ended August 2 rose 6 per cent to $772.9 million (up 3 per cent on constant currency).

Europe revenues soared 14 per cent, with retail comparable sales including e-commerce up 11 per cent.

In the Americas, sales dropped 1 per cent and retail comparable sales fell 5 per cent. Americas wholesale revenues also decreased 11 per cent. 

Asia revenues were up 3 per cent, but comparable sales were down 2 per cent. Licensing revenues saw a 10 per cent decline.

On the bottom line, the company recorded attributable net earnings of $6.2 million compared to a loss of $10 million in the year-ago period.

“We are pleased with our second quarter performance, as we delivered revenues ahead of our expectations for the period,” said CEO Carlos Alberini.

“Our improved revenues were mainly driven by stronger-than-expected comparable store sales in our European business and in our Americas retail segment, which showed continued improvement in same-store sales versus the prior quarter,” he added.

Guess did not provide financial outlook for the full year due to the ongoing $1.4 billion take-private deal with Authentic Brands Group. 

Under the agreement, Authentic will acquire 51 per cent of the company’s stakes, while its key shareholders, including co-founders Maurice and Paul Marciano, Nicolai Marciano, and CEO Carlos Alberini, acquire the remaining 49 per cent.

The proposed transaction is expected to close in the fourth quarter of this fiscal year.