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home / articles / GIII - Why G-III Apparel Shares Are Plunging Today | Benzinga

GIII - Why G-III Apparel Shares Are Plunging Today | Benzinga

G-III Apparel Group LTD.

G-III Apparel Group Ltd (NASDAQ:GIII) shares are trading lower after the company 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.

The gross profit rose 0.2% Y/Y to $281.9 million, with the margin expanding 390 basis points to 36.8%.

The operating margin ...

Full story available on Benzinga.com
Stock Information
Company Name: G-III Apparel Group LTD.
Stock Symbol: GIII
Market: NASDAQ
Website: g-iii.com
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