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Home / Knowledge / News / Apparel/Garments / Q3FY17 net at G-III Apparel drives down 19%
Q3FY17 net at G-III Apparel drives down 19%
06
Dec '16
Courtesy: G-III Apparel
Courtesy: G-III Apparel
Net income in the third fiscal quarter ended October 31, 2016 at apparel marketer G-III Apparel Group drove down 19 per cent to $70.6 million, or $1.50 per diluted share, while non-GAAP net income per diluted share was $1.50. As against this, it posted net income of $87.2 million, or $1.87 per diluted share, in the prior fiscal's third quarter.

For the third quarter of fiscal 2017, G-III reported net sales at $883 million vis-à-vis $910 million in the fiscal ago quarter.

The company revised its prior guidance for the full fiscal and is now anticipating net sales of around $2.43 billion and net income between $67 million and $72 million, or a range between $1.41 and $1.51 per diluted share.

G-III's owned brands include Donna Karan, DKNY, Vilebrequin, Andrew Marc, Marc New York, Bass, G.H. Bass, Weejuns, G-III Sports by Carl Banks, Eliza J, Black Rivet and Jessica Howard. (AR)

Fibre2Fashion News Desk – India


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