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G-III Apparel Group's Fiscal Q3 Adjusted Earning Fall, Revenue Rises; Updates Fiscal 2025 Guidance
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G-III Apparel Group's Fiscal Q3 Adjusted Earning Fall, Revenue Rises; Updates Fiscal 2025 Guidance
Dec 10, 2024 4:47 AM

07:26 AM EST, 12/10/2024 (MT Newswires) -- G-III Apparel Group ( GIII ) reported fiscal Q3 Non-GAAP earnings Tuesday of $2.59 per diluted share, down from $2.78 a year earlier.

Analysts polled by FactSet expected $2.28.

Revenue for the quarter ended Oct. 31 was $1.09 billion compared with $1.07 billion a year earlier.

Analysts surveyed by FactSet expected $1.10 billion.

The company increased its fiscal 2025 Non-GAAP diluted earnings per share guidance to $4.10 to $4.20 from $3.95 to $4.05. Analysts polled by FactSet expected $4.01. The company lowered its net sales guidance to about $3.15 billion from $3.20 billion. Analysts polled by FactSet expect 3.20 billion.

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