The gross profit rose 20.8% Y/Y to $276.6 million, with the margin expanding 410 basis points to 41.9%.
The operating margin was 4.7%, and operating income for the quarter rose 0.7% to $31.5 million.
Adjusted EPS of $0.40 beat the analyst consensus of $0.01.
The company held $197.7 million in cash and equivalents as of July 31, 2023.
It raised adjusted EPS guidance to $3.20 - $3.30 from $2.80 - $2.90 versus the consensus of $2.80.
Price Action: GIII shares are trading higher by 15.5% at $22.30 on the last check Thursday.
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