G-III Apparel Group, Ltd. G-III Apparel Group, Ltd. Announces Third Quarter Fiscal 2020 Results
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G-III Apparel (GIII) PT Lowered to $32 at Needham & Company
December 5, 2019 7:06 AM ESTNeedham & 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 ESTG-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
