G-III Apparel Group, Ltd. Announces First Quarter Fiscal 2022 Results
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G-III Apparel Group (GIII) Tops Q1 EPS by 38c, Revenues Beat; Offers FY22 EPS/Revenues Guidance Above Consensus
June 7, 2021 7:04 AM EDTG-III Apparel Group (NASDAQ: GIII) reported Q1 EPS of $0.53, $0.38 better than the analyst estimate of $0.15. Revenue for the quarter came in at $519.9 million versus the consensus estimate of $462.03 million.
Morris Goldfarb, G-IIIs Chairman and Chief Executive Officer, said, We were pleased with our strong outperformance in the first quarter of this fiscal year. With each passing week, sales for broader lifestyle apparel, such as sportswear, wear-to-work attire and dresses, are accelerating and our overall business in North America is getting stronger. We believe these trends provide a good indication for the... More
