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Guess?'s Customer Traffic Slows
Plus, Solana plunges to 2025 Low.
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Today is Friday, April 4, 2025.
The Early Bird Index today is 63.16
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Guess?'s Customer Traffic Slows
Despite posting better-than-expected financial earnings results on Thursday, shares of the clothing company Guess? $GES ( ▼ 0.98% ) fell 4.08% in after-hours trading.
Financials: Guess? reported earnings of $1.48 per share and revenue of $932 million; both were better than expected.
Quote: “During the year, we delivered solid results with our licensing segment and our wholesale businesses in Europe and the Americas, but missed our plans for our direct-to-consumer business due to slower customer traffic in North America and Asia.” - CEO Carlos Alberini.
Details: The 2025 financial outlook was also a bit disappointing. Guess? plans on closing underperforming stores and it is bringing on a new CFO.
Early Bird’s Nest Egg Gains: Guess?'s direct-to-consumer (DTC) business is currently underperforming due to several challenges.
Consumers increasingly want personalized, engaging experiences and seamless omnichannel shopping options. Guess? appears to be struggling to meet these expectations in its DTC channels.
The company’s customer base has become more price-sensitive.
Final Thoughts: The stock was already down 68% in the last 12 months. When will things get better?
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Notables
Notable Earnings Today: N/A.
Notable IPOs Today: Helio Corporation (NYSE American: HLEO).
Notable Equity Crowdfunding Campaigns Ending Today: Kush Modern Mediterranean (Honeycomb).
Notable Economic Events Today: Unemployment Rate (8:30 a.m. ET), Average Hourly Earnings (8:30 a.m. ET), Nonfarm Payrolls (8:30 a.m. ET), Labor Force Participation Rate (8:30 a.m. ET).
Solana Plunges to 2025 Low
Thursday was bad for cryptocurrency investments, especially Solana $SOL.X ( ▲ 4.51% ) , which fell about 11% to reach its lowest value in 2025. It’s the lowest price for Solana in over 12 months.
Background: Solana, like most crypto prices, fell on Thursday thanks to the new tariffs from President Trump. Risky assets are not desirable for investors during times of economic uncertainty.
Also: According to Cointelegraph, Solana’s funding rates turned negative on Thursday, which means any previous bullish momentum has weakened.
Details: It also seems that a large holder of crypto reportedly deposited 12,000 Solana tokens to the Binance platform this week, which resulted in selling pressure.
Final Thoughts: Despite the recent selloff, institutional investors still believe strongly in Solana. Will average retail investors join their optimism?
GameStop Jumps After CEO Buys More Stock
Shares of GameStop $GME ( ▼ 0.43% ) jumped 2.70% in after-hours trading on Thursday after it was disclosed that CEO Ryan Cohen bought an additional 500,000 shares.
Final Thoughts: GameStop is down 31% since the start of the year.
Trends to Watch
Chip Partnership: Intel, TSMC tentatively agree to form chipmaking joint venture, the Information reports (Reuters)
Refutation: Twilio denies report of data hack impacting nearly 850K customers (Seeking Alpha)
Proxy Watch: WeightWatchers Investor Launches Fight for Board Seats (Wall Street Journal)
iTrouble: Trump tariffs shake foundations of Apple's iPhone empire (Axios)
More Tariff Pain: Gap, Nike and Levi’s took years to diversify from China. Now sky high tariffs on nations like Vietnam are ruining plans and tanking their stocks (Yahoo! Finance)
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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.