G-III Apparel shares slide on weak fiscal 2025 projections [Seeking Alpha]
G-III Apparel Group, LTD. (GIII)
Last g-iii apparel group, ltd. earnings: 3/19 07:00 am
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US:NASDAQ Investor Relations:
ir.g-iii.com
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Source: Seeking Alpha
The company earned a profit of $0.76 per share, up from a profit of $0.41 per share in the prior year's quarter, on a 10.5% decline in sales to $764.8M, While profit beat expectations by 8 cents, sales were $52.2M less than what was expected. Cash and cash equivalents rose to $507M from $191.6M while inventories were down by 27% to $520.4M. For Q1 2025, the company is projecting adjusted earnings to be between a loss of $0.10 per share to flat compared to a profit of $0.13 per share the prior year on sales of $615M to $606.6M. The Street's consensus estimates are for a profit of $0.11 per share on $608.6M in sales. For fiscal 2025, G-III Apparel ( GIII ) expects an adjusted profit of $3.50 to $3.60 per share on sales of $3.2B. This is down from the prior year's profit of $4.04 per share on sales of $3.1B and is shy of estimates of $3.88 and $3.22B, respectively. Full-year adjusted EBITDA is expected to be between $290M and $295M versus $324.1M in fiscal 2024. G-III Apparel
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GIII
News
- G-III Apparel Group (NASDAQ:GIII) shareholder returns have been respectable, earning 89% in 1 year [Yahoo! Finance]Yahoo! Finance
- DKNY STEPS UP TO THE PLATE WITH AN ICONIC BILLBOARD AT YANKEE STADIUM [Yahoo! Finance]Yahoo! Finance
- DKNY STEPS UP TO THE PLATE WITH AN ICONIC BILLBOARD AT YANKEE STADIUMPR Newswire
- G-III Apparel Group Full Year 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- G-III Apparel Group, Ltd. (NASDAQ: GIII) had its "market perform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $29.00 price target on the stock.MarketBeat
GIII
Earnings
- 3/14/24 - Beat
GIII
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- GIII's page on the SEC website