08:06 AM EDT, 03/14/2024 (MT Newswires) -- G-III Apparel Group ( GIII ) reported fiscal Q4 non-GAAP earnings Thursday of $0.76 per diluted share, up from $0.41 a year earlier.

Analysts polled by Capital IQ expected $0.68.

Net sales for the fiscal quarter ended Jan. 31 were $764.8 million, down from $854.4 million a year earlier.

Analysts surveyed by Capital IQ expected $817 million.

For fiscal Q1, the apparel retailer expects non-GAAP net income ranging from a loss of $0.10 per diluted share to breakeven on net sales of about $615 million. Analysts polled by Capital IQ expect earnings of $0.11 per share on revenue of $608.6 million.

For fiscal 2025, the company said it expects non-GAAP net income of $3.50 to $3.60 per diluted share on net sales of about $3.2 billion. Analysts surveyed by Capital IQ expect $3.88 per share on revenue of $3.22 billion.

G-III shares were down more than 5% in recent Thursday premarket activity.

Price: 28.7, Change: -1.63, Percent Change: -5.37