G-III Apparel Group (GIII) Misses Q3 EPS by 4c, Offers Guidance
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G-III Apparel Group, Ltd. Announces Third Quarter Fiscal 2017 Results
December 1, 2016 4:05 PM EST-- Updates Financial Guidance for Remainder of Fiscal 2017 --
NEW YORK--(BUSINESS WIRE)-- G-III Apparel Group, Ltd. (NasdaqGS: GIII) today announced operating results for the third quarter of fiscal 2017 ended October 31, 2016.
For the third quarter ended October 31, 2016, G-III reported that net sales were $883 million as compared to $910 million in the year-ago period. The Companys net income for the third quarter was $70.6 million, or $1.50 per diluted share, compared to $87.2 million, or $1.87 per diluted share, in the prior years comparable period. On an adjusted basis, excluding items... More
