G-III Apparel Group, LTD. (GIII) - NASDAQ
  • Wed, Jun. 1, 7:16 AM
    • G-III Apparel (NASDAQ:GIII) reports gross margin rate improved 50 bps to 36.2% in Q1.
    • SG&A expense rate increased 180 bps to 33.5%.
    • Operating margin rate fell 150 bps to 1.2%.
    • Inventory +9.6% to $406.72M.
    • Q2 Guidance: Net sales: ~$485M; Net income: $7M to $9M; Diluted EPS: $0.15 to $0.19.
    • FY2017 Guidance: Net sales: ~$2.56B; D&A: $31M; Interest and financing charges, net: $7M; Income tax expense: $70M to $73M; Net income: $120M to $125M; Diluted EPS: $2.55 to $2.65; Adjusted EBITDA: $228M to $236M.
    | Wed, Jun. 1, 7:16 AM | 1 Comment
  • Thu, May 26, 12:00 PM
    | Thu, May 26, 12:00 PM
  • Thu, May 26, 11:02 AM
    • G-III Apparel (GIII +3.4%) rallies after PVH reports earnings and updates on guidance.
    • PVH licenses Tommy Hilger men's and women's products in the U.S. and Canada to G-III which ties the two companies together to a degree.
    • The numbers from the Tommy Hilfiger business were solid in Q1.
    • Shares of G-III Apparel are still down 14% YTD.
    • Previously: Phillips-Van Heusen beats by $0.07, beats on revenue (May 25)
    • Previously: PVH rallies after guidance lift (May 26)
    | Thu, May 26, 11:02 AM
  • Wed, May 11, 10:04 AM
    | Wed, May 11, 10:04 AM
  • Tue, Mar. 22, 12:41 PM
    | Tue, Mar. 22, 12:41 PM | 2 Comments
  • Tue, Mar. 22, 9:20 AM
    | Tue, Mar. 22, 9:20 AM | 4 Comments
  • Tue, Mar. 22, 9:03 AM
    • G-III Apparel (NASDAQ:GIII) blames warm weather in the U.S. and an uncomfortably high level of promotions for its weak Q4 report. Sales levels in the outerwear category were hit the hardest.
    • Inventory growth outpaced sales by a wide margin (14% vs 3%).
    • The company's guidance for the full year also missed expectations. Full-year EPS is seen falling in a range of $2.55 to $2.65 vs. $3.14 consensus.
    • Previously: G-III Apparel misses by $0.25, misses on revenue (March22)
    • Previously: More on G-III Apparel's Q4 (March 22)
    • GIII -24.86% premarket to $41.50.
    | Tue, Mar. 22, 9:03 AM
  • Tue, Mar. 22, 7:19 AM
    • G-III Apparel (NASDAQ:GIII) reports net sales rose 3% in Q4 driven by strength in many of the company's wholesale businesses and G.H. Bass retail.
    • Gross margin rate fell 180 bps to 33.9%.
    • SG&A expense rate grew 270 bps to 30.2%.
    • Operating margin rate decreased 470 bps to 2.4%.
    • Inventory +13.9% to $485.31M.
    • Q1 Guidance: Net sales: ~$475M; Net income: $0.1M to $2.4M; Diluted EPS: $0.00 to $0.05.
    • FY2017 Guidance: Net sales: ~$2.56B; D&A: $31M; Interest and financing charges, net: $7M; Income tax expense: $70M to $73M; Net income: $120M to $125M; Diluted EPS: $2.55 to $2.65; Adjusted EBITDA: $228M to $236M.
    | Tue, Mar. 22, 7:19 AM
  • Tue, Feb. 2, 10:21 AM
    | Tue, Feb. 2, 10:21 AM
  • Dec. 2, 2015, 7:16 AM
    • G-III Apparel (NASDAQ:GIII) reports operating margin rate rose 140 bps to 15.3% in Q3.
    • Gross margin rate improved 70 bps to 37%.
    • SG&A expense rate declined 70 bps to 21%.
    • FY2016 Guidance: Net sales: ~$2.4B; D&A: $25M; Interest and financing charges, net: $5.9M; Income tax expense: $73M to $77M; Net income: $124M to $131M; Diluted EPS: $2.67 to $2.82; Adjusted EPS: $2.65 to $2.80; Adjusted EBITDA: $227M to $238M.
    | Dec. 2, 2015, 7:16 AM
  • Nov. 20, 2015, 11:47 AM
    • The S&P Retail ETF (NYSEARCA:XRT) is up 1.9% with apparel and footwear stocks doing much of the heavy lifting.
    • A vibrant rally in sports stocks was sparked by earnings reports and Nike. Iconix Brand (ICON +2.5%), G-III Apparel (GIII +3%), DSW (DSW +3.7%), Finish Line (FINL +3.1%), Caleres (CAL +2.2%), Genesco (GCO +3.5%), and Shoe Carnival (SCVL +1.7%) join the list reported on earlier.
    • Luxury names are on the move with Kate Spade (KATE +2%), Fossil (FOSL +2.9%), Coach (COH +1.4%), and Movado (MOV +2.7%) higher.
    • The beat-up mall retailer group is also recovering after results from Gap (GPS +6%) and Abercrombie & Fitch (ANF +19.4%) topped worst-case scenarios. American Eagle Outfitters (AEO +2.3%), Guess (GES +4.6%), and Pacific Sunwear (PSUN +5.4%) are notable gainers.
    • Big box retailers are the laggards today. Wal-Mart, Target (TGT +0.6%), and Costco (COST +0.6%) are right at market index averages.
    | Nov. 20, 2015, 11:47 AM | 2 Comments
  • Oct. 8, 2015, 10:20 AM
    • The apparel sector is out-gaining market averages as sentiment swings positive. There's been some analysis suggesting that apparel sellers will benefit from the Trans-Pacific Partnership on the cost side. Lower cotton and oil prices are also working in the favor of apparel companies, although hedging against the strong U.S. dollar is an ongoing risk.
    • On the manufacturing side: G-III Apparel (NASDAQ:GIII) +2.6%, Columbia Sportswear (NASDAQ:COLM) +2.1%, Michael Kors (NYSE:KORS) +1.8%, PVH Corp. (NYSE:PVH) +1.6%, Ralph Lauren (NYSE:RL) +1.4%.
    • On the chain store side: Cato (NYSE:CATO) +5.1%, Ascena Retail (NASDAQ:ASNA) +3.4%, American Eagle Outfitters (NYSE:AEO) +3.4%, Abercrombie & Fitch (NYSE:ANF) +3.1%, Francesca's Holdings (NASDAQ:FRAN) +2.6%, L Brands (NYSE:LB) +2.1%.
    | Oct. 8, 2015, 10:20 AM | 1 Comment
  • Sep. 2, 2015, 7:31 AM
    • G-III Apparel (NASDAQ:GIII) reports net sales rose 12% driven by increase in wholesale segment and comp for G.H. Bass stores.
    • Gross margin rate grew 50 bps to 35.5%.
    • SG&A expense rate fell 110 bps to 29.9%.
    • Operating margin rate increased 160 bps to 4.4%.
    • Q3 Guidance: Net sales: ~$920M; Net income: $83M to $85.3M; Diluted EPS: $1.78 to $1.83.
    • FY2016 Guidance: Net sales: ~$2.4B; D&A: $24.5M; Interest and financing charges, net: $6.5M; Income tax expense: $77M to $80M; Net income: $129M to $134M; Diluted EPS: $2.78 to $2.88; Adjusted EBITDA: $237M to $245M.
    • GIII +4.62% premarket.
    • Q2 results
    | Sep. 2, 2015, 7:31 AM
  • Aug. 12, 2015, 12:44 PM
    | Aug. 12, 2015, 12:44 PM | 2 Comments
  • Jun. 3, 2015, 9:19 AM
    • G-III Apparel (NASDAQ:GIII) shoots higher in premarket trading after the company beats FQ1 estimates and raises guidance.
    • Execs with G-III say the company has a strong book order already built up for the fall season.
    • The company sees full-year EPS of $2.66-$2.76 vs. $2.53-$2.63 prior and $2.62 consensus.
    • Previously: G-III Apparel beats by $0.08, beats on revenue (Jun. 02 2015)
    • GIII +7.54% premarket to $62.62
    | Jun. 3, 2015, 9:19 AM | 1 Comment
  • Jun. 3, 2015, 9:14 AM
    | Jun. 3, 2015, 9:14 AM
Company Description
G-III Apparel Group Ltd. manufactures and distributes outerwear and sportswear. The company provides apparel under recognized brands to retailers such as Macy's, Bloomingdale's, Nordstrom, Lord and Taylor, The Bon-Ton Stores, Dillards, JC Penney, and Kohl's. It also has fashion licenses under... More
Industry: Textile - Apparel Clothing
Country: United States