G-III Apparel Group (GIII) Misses Q4 EPS Views; Issues Light Q1, FY17 EPS Outlook

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Go back to G-III Apparel Group (GIII) Misses Q4 EPS Views; Issues Light Q1, FY17 EPS Outlook

G-III Apparel Group, Ltd. Announces Fourth Quarter and Full-Year Fiscal 2016 Results

March 22, 2016 7:00 AM EDT

Full Year Sales Increase 11% to $2.34 Billion

Non-GAAP Net Income per Share Increases 8% to $2.44

Adjusted EBITDA Increases 13% to $210.1 Million

Initiates Fiscal 2017 Guidance, Expects Solid Revenue and Profit Growth

NEW YORK--(BUSINESS WIRE)-- G-III Apparel Group, Ltd. (NasdaqGS: GIII) today announced operating results for the fourth quarter and full year of fiscal 2016.

Net sales for the fiscal year ended January 31, 2016 were up 11% to $2.34 billion from $2.12 billion in the prior year. The full year sales growth was driven by strong performances... More