G-III Apparel: Overview of Fiscal Fourth Quarter Results

G-III Apparel Group Reports Fourth Quarter Financial Results

G-III Apparel Group Ltd., headquartered in New York, announced a net loss of $31.9 million for its fiscal fourth quarter.

The company recorded a loss of $0.76 per share during the quarter. After adjusting for special items, earnings stood at $0.30 per share.

During this period, G-III Apparel generated $771.5 million in revenue.

For the full fiscal year, the company achieved a net income of $67.4 million, translating to $1.51 per share, with total revenue reaching $2.96 billion.

Looking ahead to the quarter ending in April, G-III Apparel anticipates a loss per share between $0.40 and $0.30.

Projected revenue for the upcoming fiscal first quarter is expected to be approximately $530 million.

For the entire fiscal year, the company forecasts earnings per share between $2.00 and $2.10, with estimated revenue of $2.71 billion.