UPDATE: G-III Apparel sales fall short as tariffs weigh, stock slides 6% [MarketWatch]
G-III Apparel Group, LTD. (GIII)
Last g-iii apparel group, ltd. earnings: 3/19 07:00 am
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Source: MarketWatch
UPDATE: G-III Apparel sales fall short as tariffs weigh, stock slides 6% G-III Apparel Group Ltd. shares GIII, -8.45% slid 6% in premarket trade Wednesday, after the owner of brands and licences including Donna Karan, Calvin Klein and Tommy Hilfiger missed sales estimates for the third quarter and lowered guidance to reflect the impact of tariffs. The New York-based company said it had net income of $95.4 million, or $1.97 a share, in the quarter, up from $94.0 million, or $1.86 a share, in the year-earlier period. Adjusted per-share earnings came to $1.99, ahead of the $1.94 FactSet consensus. Sales rose 5% to $1.13 billion from $1.07 billion, but missed the $1.17 billion FactSet consensus. "We maintained good momentum in our wholesale business, in spite of the challenging retail and macro environment," Chief Executive Morris Goldfarb said in a statement. Support from the company's Chinese vendor base helped offset some of the impact of tariffs, he said. The company revised its gu
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News
- Orderful Raises $15M Growth Round Led by NewRoad Capital Partners to Transform B2B Integration with Modern EDI SolutionsPR Web
- Stephen Budd Named CEO of Sunwin Global Industry [Yahoo! Finance]Yahoo! Finance
- The Returns At G-III Apparel Group (NASDAQ:GIII) Aren't Growing [Yahoo! Finance]Yahoo! Finance
- GIII Trading Above 200 & 50-Day SMA: How to Play the Stock Now? [Yahoo! Finance]Yahoo! Finance
- G-III Apparel Group, Ltd. (NASDAQ: GIII) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
GIII
Earnings
- 9/5/24 - Beat
GIII
Sec Filings
- 10/31/24 - Form SC
- 9/26/24 - Form 4
- 9/26/24 - Form 144
- GIII's page on the SEC website