The Company is forecasting net sales of approximately $195 million for its first fiscal quarter ending April 30, 2012 and net income between $0.1 million and $1.0 million, or between $0.00 and $0.05 per diluted share compared to net sales of $154.3 million and a net loss of $1.4 million, or $0.07 per share, in last year's first fiscal quarter.
G-III is a leading manufacturer and distributor of outerwear, dresses, sportswear and women's suits, as well as handbags and luggage, under licensed brands, our own brands and private label brands.