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

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

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

December 4, 2019 7:00 AM EST

Net Sales Increase 5.2% for Third Quarter to $1.13 Billion

Net Sales for the Wholesale Segment Increase 6.2% for Third Quarter to $1.07 Billion

Full Year Guidance Revised

NEW YORK--(BUSINESS WIRE)-- G-III Apparel Group, Ltd. (NasdaqGS: GIII) today announced operating results for the third quarter of fiscal 2020 ended October 31, 2019.

Net sales for the third quarter ended October 31, 2019 increased 5.2% to $1.13 billion from $1.07 billion in the same period last year. The Company reported GAAP net income for the third quarter of $95.4 million, or $1.97 per diluted... More