Interviews
News Flash
G-III Apparel to raise the profile of Andrew Marc brand
06 Jun '08
3 min read
Outlook:
The Company initiated guidance for both the second quarter of fiscal 2009 and for the full 2009 fiscal year. It is forecasting net sales of approximately $100 million for its second fiscal quarter ending July 31, 2008, compared to $83.9 million in prior year's second fiscal quarter.
The Company is also forecasting a net loss of approximately $3.6 million or $0.22 per share, compared to a net loss of $884,000, or $0.05 per share, in last year's second quarter. The increased loss expected during the quarter is due to the seasonal losses incurred from the Andrew Marc acquisition this year.
The Company is forecasting net sales in the range of $650 million to $660 million and net income in the range of $21.8 million to $22.7 million, or $1.25 to $1.30 per diluted share for the fiscal year ending January 31, 2009, compared to net sales of $518.9 million and net income of $1.05 per diluted share for the fiscal year ended January 31, 2008.
The Company is also forecasting EBITDA for the fiscal year ending January 31, 2009 to increase approximately 32% to 36% to a range of approximately, $50.0 to $51.5 million, up from $37.8 million in fiscal year ended January 31, 2008.
The Company initiated guidance for both the second quarter of fiscal 2009 and for the full 2009 fiscal year. It is forecasting net sales of approximately $100 million for its second fiscal quarter ending July 31, 2008, compared to $83.9 million in prior year's second fiscal quarter.
The Company is also forecasting a net loss of approximately $3.6 million or $0.22 per share, compared to a net loss of $884,000, or $0.05 per share, in last year's second quarter. The increased loss expected during the quarter is due to the seasonal losses incurred from the Andrew Marc acquisition this year.
The Company is forecasting net sales in the range of $650 million to $660 million and net income in the range of $21.8 million to $22.7 million, or $1.25 to $1.30 per diluted share for the fiscal year ending January 31, 2009, compared to net sales of $518.9 million and net income of $1.05 per diluted share for the fiscal year ended January 31, 2008.
The Company is also forecasting EBITDA for the fiscal year ending January 31, 2009 to increase approximately 32% to 36% to a range of approximately, $50.0 to $51.5 million, up from $37.8 million in fiscal year ended January 31, 2008.
G-III Apparel Group Ltd
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
