Home / Knowledge / News / Apparel/Garments / Q3FY17 net at G-III Apparel drives down 19%
Q3FY17 net at G-III Apparel drives down 19%
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

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Customised t-shirts is not a fad

Spokesperson, Hugo Boss

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Kaizad Hansotia, GetNatty

Kaizad Hansotia

Competition is the best thing that can happen to a startup

Jash Choraria,

Jash Choraria

Established in 2015 by <b>Jash Choraria</b>, Unifynd is a Mumbai-based...

Carmen Silla,

Carmen Silla

Leading the transformation of the textiles industry with disruptive...

Marcel Moser,

Marcel Moser

Switzerland-based Benninger is a leading manufacturer of technologically...

Pierre Wiertz, EDANA

Pierre Wiertz

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Frank Heislitz, Freudenberg

Frank Heislitz

Freudenberg Performance Materials is a leading global manufacturer of...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2019

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

Follow us on instagram


Follow Fibre2Fashion On

Follow Fibre2Fashion On

Advanced Search