Driven by strong performances in Europe and Asia, Guess reported a 14.8% increase in international net sales for the fiscal year ended January 29, 2023..
**International Highlights:**.
* Europe led the growth with a 27.5% increase in net sales, boosted by strength in Italy, Spain, and France..
* Asia followed closely with a 22.1% increase, primarily driven by China and Japan..
* The Middle East and Africa also saw positive growth, fueled by expansion in the United Arab Emirates and Saudi Arabia..
**Retail Revenue:**.
* International retail revenue grew by 16.6%, with comparable store sales increasing by 13.5%..
* Europe contributed the most to retail growth, with a 35.6% increase..
* Asia’s retail revenue rose by 17.2%, driven by strong demand in China and Japan..
**Wholesale Revenue:**.
* International wholesale revenue remained stable, with a slight decline of 0.4%..
* Europe was the only region with positive wholesale growth, offsetting declines in Asia and other markets..
**Brand Expansion:**.
* Guess continued to expand its international presence during the year, opening 11 new stores in Europe and 8 in Asia..
* The company also expanded its online presence in key markets through partnerships with leading e-commerce platforms..
**Management Commentary:**.
