G-III Apparel Group, Ltd. (NASDAQ:GIII) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
G-III Apparel Group, Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 30.77% to $0.17 in the quarter versus EPS of $0.13 in the year-earlier quarter.
Revenue: Rose 20.94% to $304.15 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: G-III Apparel Group, Ltd. reported adjusted EPS income of $0.17 per share. By that measure, the company beat the mean analyst estimate of $0.10. It beat the average revenue estimate of $287.88 million.
Quoting Management: Morris Goldfarb, G-III’s Chairman and Chief Executive Officer, said, “We had an excellent second quarter. The results were driven by broad-based strength across many categories and brands in our portfolio. We believe that we are executing particularly well in a number of key areas, including design and merchandising, which positions us to deliver strong performance for the remainder of the year.”
Key Stats (on next page)…