>>
Home / Knowledge / News / Apparel/Garments / G-III Apparel's Q3 profit reaches record levels

G-III Apparel's Q3 profit reaches record levels

08
Dec '06
G-III Apparel Group Ltd announced operating results for the third quarter of fiscal 2007. FY07 Earnings Guidance Increased to Range of $0.90 to $0.95 Per Share Compared to FY06 Performance of $0.58 Per Share.

For the three-month period ended October 31, 2006, G-III reported that net sales increased by 31.1% to $244.7 million, net income increased by 57.0% to $23.3 million and net income per diluted share increased by 38.3% to $1.59. This compares to net sales of $186.6 million, net income of $14.8 million and net income per diluted share of $1.15 during the comparable period last year.

For the nine-month period ended October 31, 2006, G-III reported net sales of $328.2 million, net income of $12.7 million and net income per diluted share of $0.93, compared to net sales of $254.9 million, net income of $9.8 million and net income per diluted share of $0.82 during the comparable period last year.

The three and nine-month results this year include the reversal of tax reserves of approximately $970,000, or $0.07 per diluted share, as a result of a recently concluded tax audit.

The three and nine-month results of the prior year include an after-tax non-cash compensation charge of approximately $920,000, or $0.07 per share, related to the vesting of restricted shares of common stock that had been previously granted to key management.

All share and per share data in this release have been retroactively adjusted for the Company's three for two stock split effective March 28, 2006.


Must ReadView All

Pic: Anton_Ivanov / Shutterstock.com

Retail | On 27th Jan 2022

UK retail sales volumes fall at fastest rate in 11 months in Dec 2021

UK retail sales volumes fell by 3.7 per cent in December 2021, the...

Pic: Shutterstock

Textiles | On 27th Jan 2022

New train route links China’s Suzhou city to Milan in Italy

A new China-Europe freight train route has been started between...

Pic: Shutterstock

Apparel/Garments | On 27th Jan 2022

UN-WTO report underrates Bangladesh's RMG industry progress: BGMEA

The recent United Nations-World Trade Organisation joint report has...

Interviews View All

Textile Industry, Head Honchos

Textile Industry
Head Honchos

Increase foreign exchange and create jobs

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Noemi Sanchez,

Noemi Sanchez

Established since 1846, Evlox is a specialised denim manufacturer with its ...

Aashumi Mahajan,

Aashumi Mahajan

The Luxe Maison is a premiere haute couture e-boutique established after...

C Maennich,

C Maennich

Trützschler, one of the world's leading textile machinery manufacturers,...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Babyshop
Gokaldas Exports Limited
Alix Partners
Under Armour Global Sourcing Ltd
Rosset ;& Cia Limited
Lacoste (Wanchai)
International Textile Manufacturers Federation
Boardriders Asia Sourcing Limited
Sportswear Company Spa
Recron Polyester from Reliance Industries Limited
Landmark Group
Guess Europe Sagl,
Cat Tuong Real Estate Group Joint Stock Company
Tory Burch Hong Kong Ltd
IDH – The Sustainable Trade Initiative
MAS Active / MAS Kreeda / MAS Bodyline
Lisa S.P.A.
Asos
Reiter India Private Limited
KAS Direct Sourcing
LC Waikiki
Tommy Hilfiger
Gloria Jeans
NITI Aayog
Alison Hayes Romania
Midas Clothing Limited
The LYCRA Company Singapore  Pte. Ltd
Sateri (Jiujiang) Fiber Co.,Ltd
Lululemon Athletica Inc
Permoda(Koaj/Armi/Pronto/Bkul)
Grasim Industries Limited
Gatsby Africa
Green Fibre
Lenzing Aktiengesellschaft
Esprit Europe Services GmbH
Decathlon
Hirdaramani International Export Private Limited
SYNERGIES HONG KONG LIMITED
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Amazon China
Vianney Textil Hogar S.A. De C.V.
Truetzschler India Private Limited
Aramark Uniform ;& Career Apparel, LLC
C;&A Sourcing International Ltd
BIANCA
Etam Group Strategy Hong Kong Limited
Seasalt Limited
The Top Form Brassiere Manufacturing Company Limited
Varner AS Retail
Page Industries Limited (Bangalore)
Walmart
IKEA of Sweden AB
Maceton Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
G-Star Raw C.V.
Huntsman (Singapore) Pte Ltd
Chori Company Limited
Gap International Sourcing Limited
Sportmaster Ltd.
THE BOMBAY DYEING ;& MFG.CO. LTD
KIABI
Lifestyle
Calvin Klein
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
SHAHI Exports Pvt Ltd
TESCO INTERNATIONAL SOURCING LIMITED
Chico’ FAS
Abit
OVS Hong Kong Sourcing Ltd.
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Vardhman Textile Ltd
Benetton Group
Eastman Chemical Company
Bluestem Global Sourcing Limited
Arvind Limited
Splash
Target Corporation (MN)
J ;& P Coats
Phong Phu international JSC (PPJ)
Groz-Beckert East Asia LLP
Desigual - ABASIC, S.A.
Tchibo GmbH
Restoque S.A.
T.T. Limited
Rayonese Textile Inc., Division de Culp Inc.
Helly Hansen Far East Ltd
Hela Clothing Pvt Ltd
Aquarelle Clothing Limited
Sainsbury's Argos Asia Limited
John Varvatos

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search