G-III Apparel Group (GIII) Tops Q1 EPS by 22c; Boosts Outlook
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G-III Apparel Group, Ltd. Announces First Quarter Fiscal 2018 Results
June 6, 2017 7:00 AM EDTNet Sales Increase 16% to First Quarter Record of $529 million
G-III Increases Full-Year Net Sales and Net Income Guidance
NEW YORK--(BUSINESS WIRE)-- G-III Apparel Group, Ltd. (NasdaqGS: GIII) today announced operating results for the first quarter of fiscal 2018 that ended April 30, 2017.
For the quarter ended April 30, 2017, G-III reported that net sales increased 16% to a first quarter record of $529.0 million compared to $457.4 million in the year-ago period. The Company reported a net loss for the first quarter of $10.4 million, or $(0.21) loss per share, compared to net income of $2.8... More
