G-III Apparel Group (GIII) Tops Q3 EPS by 7c, Revenues Miss; Lifts FY19 EPS/Revenue Guidance

G-III Apparel Group (NASDAQ: GIII) reported Q3 EPS of $1.88, $0.07 better than the analyst estimate of $1.81. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.08 billion.

Morris Goldfarb, G-III’s Chairman and Chief Executive Officer, said, “In our largest shipping quarter, the continued momentum in our wholesale business enabled us to surpass our third quarter earnings guidance. We again demonstrated great ability to successfully leverage our five global power brands. Our products are set-up well across our channels of distribution for the important holiday season and we believe we will have a strong finish to the year.”

GUIDANCE:

G-III Apparel Group sees FY2019 EPS of $2.59-$2.69, versus the consensus of $2.64. G-III Apparel Group sees FY2019 revenue of $3.08 billion, versus the consensus of $3.05 billion.

For earnings history and earnings-related data on G-III Apparel Group (GIII) click here.

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