G-III Apparel EPS beats by $0.37, revenue in-line, guides FY2022 above consensus

• G-III Apparel (NASDAQ:GIII): Q3 GAAP EPS of $2.16 beats by $0.37.
• Revenue of $1.02B (+23.4% Y/Y) in-line.
• Press Release
• For FY2022, the company expects net sales of approximately $2.77B vs. consensus of $2.68B and net income between $180M-$190M, or between $3.65-$3.75 per diluted share vs. consensus of $3.25.
• The company previously forecasted net sales of approximately $2.70B and net income between $155M-$165M, or between $3.10 and $3.20 per diluted share.