G-III Apparel Group, LTD. (GIII) News
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GIII News Highlights
- For GIII, its 30 day story count is now at 11.
- Over the past 15 days, the trend for GIII's stories per day has been choppy and unclear. It has oscillated between 1 and 5.
- III, PRE and AMP are the most mentioned tickers in articles about GIII.
Latest GIII News From Around the Web
Below are the latest news stories about G III APPAREL GROUP LTD that investors may wish to consider to help them evaluate GIII as an investment opportunity.
G-III Apparel's (GIII) brand strength and robust business strategies appear encouraging. GIII's digital business also augurs well for growth.
Investing in stocks, in its simplest form, is about finding cheap stocks to buy and selling them once they’re at higher prices. The stock market has been volatile in 2022, and chances are it will remain that way throughout the year. After the fears of rising interest rates, we now face the risk of a recession. Cheap stocks are suitable in this context, as they can rally when the broader investor sentiment is positive; that means investors are pouring capital into the market, beating inflation an
Barclays analyst Paul Kearney has reiterated an Equal Weight rating on the shares of G-III Apparel Group Ltd (NASDAQ: GIII) and reduced the price target from $22 to $18. The company’s second-quarter EPS of $0.39 missed the analyst consensus of $0.47. The retailer became the sole owner of clothing and accessories brand Karl Langerfeld brand by acquiring the remaining 81% stake for €200 million. Excluding the addition of Karl Langerfeld brand into 2H results, the analyst sees the potential for org
G-III Apparel's (GIII) posts soft earnings results for second-quarter fiscal 2023, induced by inflationary pressures and higher costs.
G-III Apparel Group, Ltd. (GIII)
Q2 2023 Earnings Conference Call
September 7, 2022 8:30 AM ET
Neal Nackman - Chief Financial Officer and Treasurer
Morris Goldfarb - Chairman and Chief Executive Officer
Conference Call Participants
Edward Yruma - Piper Sandler
Will Gartner - Wells Fargo
Jay Sole - UBS
Paul Kearney - Barclays
Noah Zatzkin - KeyBanc Capital Markets
Good day and thank you for standing by. Welcome to the G-III Apparel Group Second Quarter Fiscal 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be...
G-III Apparel Group Ltd (NASDAQ: GIII) reported second-quarter FY23 sales growth of 25% year-on-year to $605.24 million, beating the consensus of $594.78 million. The gross profit rose 18.7% Y/Y to $228.9 million, with the margin contracting 210 basis points to 37.8%. Operating income for the quarter fell 19.7% to $31.3 million. Adjusted EPS of $0.39 missed the analyst consensus of $0.47. The company held $150.9 million in cash and equivalents as of July 31, 2022. "Given the challenging environm
Q2 2023 G-III Apparel Group Ltd Earnings Call
G-III Apparel (GIII) delivered earnings and revenue surprises of -17.02% and 2.47%, respectively, for the quarter ended July 2022. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK, September 07, 2022--G-III Apparel Group, Ltd. (NasdaqGS: GIII), a global fashion leader with expertise in design, sourcing, and manufacturing, today announced operating results for the second quarter of fiscal 2023, ended July 31, 2022.
The company is in global expansion mode with Karl Largerfeld now on board, but also navigating a tough landscape.