Guess Inc. logged weaker-than-expected results for its first quarter and swung to a loss as currency headwinds and restructuring charges hurt the apparel retailer's bottom line.

Shares in the company slipped 1.8% to $16.15 in after-hours trading.

Following the latest results, the company said it now expects its adjusted per-share earnings for the year to be between 55 cents and 75 cents, down from a previous estimate in the range of 65 cents to 85 cents. Analysts surveyed by Thomson Reuters expected earnings of 77 cents a share on revenue of $2.33 billion.

For the current quarter, the company expects earnings on a per-share basis of between four cents a share and eight cents a share. Analysts, on average, were expecting earnings of 11 cents a share.

"Our first-quarter adjusted operating loss finished at the low end of our guidance as sales finished below our expectations," said Victor Herrero, chief executive of the company. "In the Americas, our retail business in the U.S. and Canada was very challenging, especially in the month of April."

Guess warned in March that it would post a first-quarter loss. The company has struggled with dwindling sales—reporting a string same-store sales declines. In the latest quarter, sales at established stores in the U.S. and Canada, including online sales, slipped 4.2%.

Meanwhile, internationally, the strong U.S. dollar has added to the retailer's troubles by making its goods more costly overseas.

Over all, for the first quarter, Guess reported a loss of $25.2 million, or 30 cents a share, down from year-earlier earnings of $3.3 million, or four cents a share.

In the latest quarter, currency woes hurt earnings by eight cents a share, while restructuring charges and an exit tax produced a negative impact of seven cents a share. On an adjusted basis, the company reported a loss of 23 cents

Revenue slid 6.3% to $448.8 million.

Analysts projected an adjusted loss of 19 cents and $464 million in sales, according to Thomson Reuters.

The company expected to swing to a loss in its first quarter, estimating a loss of 17 cents a share to 20 cents a share.

Write to Ezequiel Minaya at ezequiel.minaya@wsj.com

(END) Dow Jones Newswires

May 25, 2016 18:15 ET (22:15 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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