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GIII - G-III Apparel: A Deserved Valuation Discount
G-III Apparel Group LTD.
G-III Apparel posts continued declines across the top and bottom lines in FQ3 '21.
The latest guidance numbers point toward further declines in the upcoming quarter, with the guided 30% Y/Y decline in FQ4 '21 outpacing PVH's 20% Y/Y decline.
The increased wholesale penetration should also weigh on margins going forward.
G-III shares trade at a discount to PVH, but this seems justified considering its weaker positioning at present.