G-III Apparel Group (GIII) Tops Q1 EPS by 7c, Issues Mixed Guidance for Q2 and FY
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G-III Apparel Group, Ltd. (Nasdaq: GIII) reports a Q1 loss of $0.42, 7 cents better than estimates. G-III reported net sales increased to $75.4 million vs. consensus of $60.09 million.
The Company is forecasting net sales of approximately $100 million for its second fiscal quarter vs. consensus of $112.66 million.
The Company is also forecasting a net loss of approximately $3.6 million or $0.22 per share vs. consensus for $0.09 loss.
The Company is forecasting net sales in the range of $650 million to $660 million and EPS between $1.25 to $1.30. (FY revenue consensus is $673.68 million and EPS consensus is $1.30)[SM]
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