Market Overview

Recap: G-III Apparel Group Q1 Earnings

Share:

Shares of G-III Apparel Group (NASDAQ:GIII) decreased 1.7% in pre-market trading after the company reported Q1 results.

Quarterly Results

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.

How To Listen To The Conference Call

Date: Jun 04, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/z7qiviqh

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.

 

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Posted-In: Earnings News