GIII - G-III Apparel Analysts Slash Their Forecasts After Q4 Results | Benzinga
G-III Apparel Group Ltd (NASDAQ: GIII) reported mixed financial results for the fourth quarter on Thursday.
G-III Apparel reported a fourth-quarter FY24 sales decline of 10.5% year-on-year to $764.78 million, missing the analyst consensus estimate of $817.48 million. Adjusted EPS of 76 cents beat the analyst consensus estimate of 68 cents, according to data from Benzinga Pro.
The operating margin was 6.1%, and operating income for the quarter was $46.3 million.
Morris Goldfarb, G-III’s Chairman and Chief Executive Officer, said, "This year was important for G-III as we began to execute on our path for the future, while delivering strong profitability. We delivered strong growth with DKNY, Karl Lagerfeld and Vilebrequin, increasing penetration of ...