Insight Report 2 minutes PremiumG-III (GIII) 1Q17 Results: Beats on EPS Due to Stronger Wholesale Business, Reiterates Annual Guidance Coresight Research June 1, 2016 Executive Summary G-III Apparel Group reported record first-quarter net sales of $457.4 million, up 5.6% year over year and in line with the consensus estimate. EPS was $0.06, ahead of the $0.02 consensus estimate and compared to $0.15 in the year-ago quarter. Although the retail business did not perform in line with plans, strength in the wholesale business more than offset the softness in retail, and management has taken measures that are expected to improve top- and bottom-line performance in the second half. For the year, the company reiterated its FY17 revenue guidance of approximately $2.62 billion and EPS of $2.55–$2.62. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2023, Week 44: Poundland Drives UK Store OpeningsJanuary 2023 US Housing Market Indicators: Total Home Sales Fall SharplyWeinswig’s Weekly: US Retail Bankruptcies Jump 10X in 2023Retail Shrink and ORC: Shoplifting and Theft Patterns from Government Data, Anti-Theft Measures and Retailer Commentary
