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Acquisition of rag & bone (Tables)
6 Months Ended
Aug. 03, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Purchase Price Allocation The purchase price consideration was allocated to assets acquired and liabilities assumed based on their respective fair values as follows (in thousands):
Apr 2, 2024
Cash and cash equivalents$2,083 
Accounts receivable23,582 
Inventory52,105 
Other current assets10,900 
Total current assets88,670 
Property and equipment12,605 
Operating lease right-of-use assets38,821 
Other assets61,840 
Total assets acquired$201,936 
Accounts payable$23,752 
Accrued expenses11,923 
Current portion of operating lease liabilities16,588 
Total current liabilities52,263 
Long-term operating lease liabilities44,496 
Total liabilities assumed$96,759 
Fair value of net assets acquired$105,177 
Cash$57,064 
Earnout consideration2,040 
Vendor consideration46,073 
Fair value of acquisition consideration$105,177 
Schedule of Pro Forma Financial Information The following financial information presents the Company’s consolidated net revenues and net loss attributable to Guess?, Inc. as if the acquisition had occurred on January 29, 2023 (in thousands):
Three Months EndedSix Months Ended
Aug 3, 2024Jul 29, 2023Aug 3, 2024Jul 29, 2023
Pro-forma net revenue$732,560 $724,824 $1,357,745 $1,349,565