Guess reported their fiscal Q4 earnings, reporting a 23.4% year over year increase in revenue that missed analyst expectations by just 0.7%. Panjiva data shows that imports increased by 33.3% in that same period, aligning with an 18.8% year over year change in inventories. The increase in activity likely well managed, as profits also increased by 34.0% year over year, but none the less executives noted it could have been better. CEO Carlos Alberini elaborated on the sources of margin drag, saying on the March 16 earnings call that “it’s primarily coming from cost and is coming from inbou...