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.
Shares of fashion conglomerate G-III (NASDAQGIII)
jumped 16% in the pre-market session after the company reported strong fourth quarter results which beat analysts' revenue expectations. In addition, its EPS guidance for next quarter exceeded Wall Street's estimates.
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%.
NEW YORK, Feb. 13, 2025 (GLOBE NEWSWIRE) -- As a continuation of its New York Stories, DKNY shifts focus from literature to cinema for its Spring 2025 Campaign, introducing Lila Moss as the new global face of the brand. In this starring role, she appears in scenes that are inspired by legendary films shot throughout the city.
NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Donna Karan New York expands its vision of iconic timelessness by featuring Kate Moss for the Spring 2025 Campaign. A legend who has captivated the world over decades, Moss embodies the enduring spirit and identity of the brand today.
Looking back on apparel and accessories stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Movado (NYSEMOV) and its peers.
Looking back on apparel and accessories stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Stitch Fix (NASDAQSFIX) and its peers.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the apparel and accessories industry, including G-III (NASDAQGIII) and its peers.
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.
