G-III Apparel Group is a leading apparel manufacturer and distributor renowned for its diverse range of clothing and accessories
The company designs, produces, and markets a variety of products under licensed brands, including jackets, dresses, and sportswear, alongside its proprietary labels. G-III has established partnerships with several well-known fashion brands, allowing it to create innovative and stylish collections that cater to a wide audience. Through its commitment to quality and trend-forward designs, the company has positioned itself as a significant player in the fashion industry, serving both retailers and consumers.
G-III Apparel Group shares are up in premarket trading after the company reported a 9.7% year-on-year sales growth in Q4 FY25, reaching $839.535 million. Gross profit rose 17.6%, and adjusted EPS of $1.27 exceeded expectations.
Fashion conglomerate G-III (NASDAQGIII) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 9.8% year on year to $839.5 million. On the other hand, next quarter’s revenue guidance of $580 million was less impressive, coming in 6.9% below analysts’ estimates. Its GAAP profit of $1.07 per share was 7.9% above analysts’ consensus estimates.
G-III trades at $26.65 and has moved in lockstep with the market. Its shares have returned 6.4% over the last six months while the S&P 500 has gained 6.2%.
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Shares of fashion conglomerate G-III (NASDAQGIII)
jumped 6.8% in the morning session after the company reported impressive third-quarter results that exceeded analysts' operating profit expectations. Its gross margin also narrowly outperformed Wall Street's estimates. Revenue was in line, and the company reconfirmed its full-year revenue guidance, signaling that management is staying on track. Even better, the company increased its earnings forecast for the year. Overall, this was a strong quarter.
Fashion conglomerate G-III (NASDAQGIII) missed Wall Street’s revenue expectations in Q3 CY2024 as sales only rose 1.8% year on year to $1.09 billion. The company’s full-year revenue guidance of $3.15 billion at the midpoint came in 1.5% below analysts’ estimates. Its non-GAAP profit of $2.59 per share was 13.4% above analysts’ consensus estimates.
US stock futures declined on Tuesday as dollar rose to 106.357 level. Expectations of a December rate cut increased to 86.1%. Negative breadth in S&P 500 continued for sixth day.
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