(MENAFN) Guess reported profits of USD3.3 million during the first, above a loss of USD2.1 million during the same period in 2014, as analysts had predicted a loss of 0.05 for the quarter, FxPro reported.
However, the Los Angeles-based upscale clothing brand and retailer's better than expected quarterly earnings coincided with lower revenue and a subdued outlook for the remainder of the year.
Guess chief executive officer (CEO) attributed the strong quarter to improvements in the company's women's line as well as gains with its e-commerce sales.
"Overall first quarter results were better than our expectations, mainly driven by tight expense management. In North America, we saw improvements in the women's category," CEO said.
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