G-III Apparel Group (GIII) Tops Q3 EPS by 7c, Revenues Miss; Lifts FY19 EPS/Revenue Guidance

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

December 6, 2018 7:00 AM EST

Net Sales Increase to a Third Quarter Record of $1.07 Billion

Third Quarter Net Income and Net Income Per Share Exceed Guidance

Raises Full-Year Guidance

NEW YORK--(BUSINESS WIRE)-- G-III Apparel Group, Ltd. (NasdaqGS: GIII) today announced operating results for the third quarter of fiscal 2019 ended October 31, 2018.

For the third quarter ended October 31, 2018, G-III reported that net sales increased 4.7% to $1.07 billion from $1.02 billion in the year-ago period. The Company reported net income for the third quarter of $94.0 million, or $1.86 per diluted... More