GIII - G-III Apparel Non-GAAP EPS of $0.72 beats by $0.14 revenue of $688.8M beats by $91.45M

G-III Apparel press release (NASDAQ:GIII): Q1 Non-GAAP EPS of $0.72 beats by $0.14. Revenue of $688.8M (+32.5% Y/Y) beats by $91.45M. Outlook: For fiscal 2023, the Company expects net sales of approximately $3.24 billion  vs consensus of $3.40B and net income between $205.0 million and $215.0 million, or between $4.23 and $4.33 per diluted share vs consensus of $4.09. This compares to net sales of $2.77 billion and net income of $200.6 million, or $4.05 per diluted share, last year. This guidance is inclusive of approximately $140.0 million in net sales and net income of approximately $0.10 per diluted share in connection with the acquisition of the Karl Lagerfeld brand for seven months of ownership in this fiscal year. For the second quarter of fiscal year 2023, the Company expects net sales of approximately $600.0 million vs consensus of $537.81M compared to $483.1 million in the same period last year.

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G-III Apparel Non-GAAP EPS of $0.72 beats by $0.14, revenue of $688.8M beats by $91.45M