G-III Apparel Group, Ltd. Announces First Quarter Fiscal 2019 Results

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G-III Apparel Group (GIII) Tops Q1 EPS by 28c, Beats on Revenues; Boosts FY19 Guidance

June 5, 2018 7:04 AM EDT

G-III Apparel Group (NASDAQ: GIII) reported Q1 EPS of $0.22, $0.28 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $611.7 million versus the consensus estimate of $567.36 million.

Morris Goldfarb, G-IIIs Chairman and Chief Executive Officer, said, We are pleased to have begun the year with a solid quarter across the board. Strong brands, quality product, diversified distribution and great execution continue to be our winning formula. We are excited to see the momentum continue and have increased confidence in our outlook for the remainder of this year. We believe our... More