UPDATE: BofA/Merrill Lynch Downgrades G-III Apparel (GIII) to Neutral, Skeptical Co. Can Raises Prices
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G-III Apparel Group (GIII) Tops Q2 EPS by 1c, Revenues Miss; Q3 EPS Guidance Below Consensus, Q3 Revenue Guidance Above Consensus, FY20 Revenue Views Above Consensus
September 5, 2019 7:05 AM EDTG-III Apparel Group (NASDAQ: GIII) reported Q2 EPS of $0.23, $0.01 better than the analyst estimate of $0.22. Revenue for the quarter came in at $643.9 million versus the consensus estimate of $656.57 million.
Morris Goldfarb, G-IIIs Chairman and Chief Executive Officer, said, We are pleased to report second quarter results that met our expectations and were fueled by continued outperformance in our wholesale business enabling us to navigate the ever-changing retail landscape. Our well-developed supply chain has enabled us to significantly expand our sourcing base throughout the world; we still see substantial opportunities for continued diversification. These... More
