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Shares of G-III Apparel Group (NASDAQ:GIII) decreased 1.7% in pre-market trading after the company reported Q1 results.
Quarterly Results
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Earnings per share fell 400.00% over the past year to ($0.75), which missed the estimate of ($0.51).
Revenue of $405,131,000 decreased by 36.05% year over year, which missed the estimate of $466,870,000.
Looking Ahead
The upcoming fiscal year's EPS expected to be between $3.06 and $3.16.
The upcoming fiscal year's revenue expected to be between $3,200,000,000 and $3,200,000,000.
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Time: 08:30 AM
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Recent Stock Performance
Company's 52-week high was at $34.42
Company's 52-week low was at $2.96
Price action over last quarter: Up 118.65%
Company Profile
G-III Apparel Group Ltd is a textile company. It makes a wide range of apparel, footwear, and accessories that it sells under its own brands, licensed brands, and private-label brands. G-III has a substantial portfolio for licensed and proprietary brands, anchored by five global power brands: DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld. The company has two reportable operations: Wholesale Operations and Retail Operations. The Wholesale operations segment includes sales of products under brands licensed by us from third parties, as well as sales of products under its own brands and private label brands. The retail operations segment consists primarily of Wilsons Leather, G.H. Bass, and DKNY retail stores. It derives most of its revenues from Wholesale operations.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.