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

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

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

June 5, 2018 7:00 AM EDT

Net Sales Increase 16% to First Quarter Record of $612 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 2019 that ended April 30, 2018.

Net sales for the first quarter of fiscal 2019 increased 16% to a first quarter record of $611.7 million compared to $529.0 million in the year-ago period. The Company reported net income for the first quarter of $9.9 million, or $0.20 per diluted share, compared to a net loss of $10.4 million, or... More