The Latest Breaking News from GIII

G-III Apparel raised full fiscal year earnings expectations Tuesday.

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.67%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -1.20%, both at 1-week lows. Stock indexes this morning are moderately lower. Apple is down more than -2% in pre-market trading to lead technology stocks lower...

G-III Apparel Group Ltd (NASDAQ:GIII) reported first-quarter FY23 sales growth of 32.5% year-on-year to $688.76 million, beating the consensus of $589.73 million. The gross profit rose 25.9% Y/Y to $246 million, with the margin contracting 190 basis points to 35.7%. The operating margin was 7.9%, and operating income for the quarter rose 16.5%…

G-III Apparel Group Ltd (NASDAQ:GIII) reported fourth-quarter FY22 sales growth of 42% year-on-year, to $748.15 million, beating the consensus of $741.55 million. EPS of $0.98 beat the consensus of $0.64. The gross profit rose 34.5% Y/Y to $252.3 million, with the margin contracting 192 basis points to 33.7%. The operating margin was 9%,…