G-III Apparel Group, Ltd. G-III Apparel Group, Ltd. Announces Third Quarter Fiscal 2020 Results

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Go back to G-III Apparel Group, Ltd. G-III Apparel Group, Ltd. Announces Third Quarter Fiscal 2020 Results

G-III Apparel (GIII) PT Lowered to $32 at Needham & Company

December 5, 2019 7:06 AM EST

Needham & Company analyst Rick Patel lowered the price target on G-III Apparel (NASDAQ: GIII) to $32.00 (from $34.00) while maintaining a Buy rating following Q3 sales miss and guide down.

The analyst commented, "Despite the 3Q sales miss and CY19 guide down, we maintain... More

G-III Apparel Group (GIII) Tops Q3 EPS by 5c, Revenues Miss; Offers FY20 EPS/Revenue Guidance Below Consensus

December 4, 2019 7:03 AM EST

G-III Apparel Group (NASDAQ: GIII) reported Q3 EPS of $1.99, $0.05 better than the analyst estimate of $1.94. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.17 billion.

Morris Goldfarb, G-IIIs Chairman and Chief Executive Officer, said, We are pleased to report third quarter results that exceeded our bottom-line expectations. We maintained good momentum in our wholesale business, in spite of the challenging retail and macro environment. Our merchants did a good job managing product costs, as we benefitted from accelerated inventory receipts and support from our Chinese vendor... More