G-III Apparel Group's Q4 Adjusted EPS Misses Estimates by Nearly 50%
Summary
G-III Apparel Group reported Q4 adjusted EPS of $0.30, significantly missing the IBES estimate of $0.59. The company also fell short on sales, reporting $771.5 million against an estimated $792 million. Additionally, G-III posted a Q4 net loss of $31.9 million. These results indicate weaker-than-expected performance, which is likely to put downward pressure on the stock as traders react to the substantial earnings and sales miss. Investors will now focus on the provided full-year outlook for net income and adjusted EBITDA to gauge future expectations.
At the time of this announcement, GIII was trading at $29.57 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $20.33 to $34.83. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.