Piper Cuts Ests on G-III Apparel Group (GIII) Following Q2 Report; PT Drops to $31
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G-III Apparel Group, Ltd. Announces Second Quarter Fiscal 2017 Results
August 30, 2016 7:00 AM EDT--Strength in Non-Outerwear Offset by Reduced Outerwear Deliveries--
--Updates Guidance to Reflect Second Quarter Results and Second Half Visibility--
NEW YORK--(BUSINESS WIRE)-- G-III Apparel Group, Ltd. (NasdaqGS: GIII) today announced operating results for the second quarter of fiscal 2017 that ended July 31, 2016.
For the quarter ended July 31, 2016, G-III reported that net sales decreased 7% to $442.3 million from $473.9 million in the year-ago period. The Company reported a net loss for the second quarter of ($1.3) million, or ($0.03) per share, compared to net income of $12.5 million, or $0.27... More
