logo munafa.top

NEWS Gainers Losers
 Learn then Earn

 story : Donna Karan parent G-III forecasts an upbeat year with the return of 'wear-to-work' clothing #FinanceUSA #StockMarketNEWS G-III Apparel Group Ltd. shares jumped 6.5% in Monday premarket trading

@stockMarketNEWS 17 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Donna Karan parent G-III forecasts an upbeat year with the return of 'wear-to-work' clothing #FinanceUSA #StockMarketNEWS
G-III Apparel Group Ltd. shares jumped 6.5% in Monday premarket trading after the apparel company reported fiscal first quarter earnings that beat expectations and gave upbeat full-year guidance. Net income totaled .3 million, or 53 cents per share, after a loss of .3 million, or 82 cents per share, last year. Sales totaled 9.9 million, up from 5.1 million last year. The FactSet consensus was for EPS of 15 cents and sales of 3.0 million. "With each passing week, sales for broader lifestyle apparel, such as sportswear, wear-to-work attire and dresses, are accelerating and our overall business in North America is getting stronger," said Morris Goldfarb, G-III's chief executive, in a statement. G-III, which designs and markets apparel and accessories from owned, private label and licensed brands, has a portfolio that includes Donna Karan, Calvin Klein, and Tommy Hilfiger. "We believe these trends provide a good indication for the remainder of the year and give us confidence that we and our industry are well on our way to recovery." G-III has completed the store closures for the Wilsons Leather and G.H. Bass stores, resulting in a first-quarter loss of 31 cents per share. For the second quarter, sales are expected to be 0 million and EPS is forecast to be in the range of 3 cents to 13 cents. The FactSet consensus is for sales of 6.7 million and EPS of 7 cents. For fiscal 2022, G-III is guiding for sales of .57 billion and EPS between between .60 and .70. The FactSet consensus is for sales of .54 billion and EPS of .41. G-III stock


Munafa USA Munafa India Munafa NSE


Report

Munafa ebook, learn stock market trading

0 Comments

Sorted by latest first Latest Oldest Best

 Learn then Earn
Back to top | Use Dark Theme