G-III Apparel Group, Ltd. Announces Fourth Quarter and Full-Year Fiscal 2021 Results
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G-III Apparel Group (GIII) Tops Q4 EPS by 7c, Revenues Miss; Offers 1Q EPS Guidance Above Consensus, 1Q Revenue Outlook Below Consensus
March 18, 2021 7:03 AM EDTG-III Apparel Group (NASDAQ: GIII) reported Q4 EPS of $0.30, $0.07 better than the analyst estimate of $0.23. Revenue for the quarter came in at $526.24 million versus the consensus estimate of $533.89 million.
Net sales for the fiscal year ended January 31, 2021 decreased 35.0% to $2.06 billion from $3.16 billion in the prior year. The Company reported GAAP net income for the fiscal year of $23.5 million, or $0.48 per diluted share, compared to $143.8 million, or $2.94 per diluted share, in the prior year.The Company has completed the restructuring of its retail operations segment and has permanently closed the... More