$GIII (G-III Apparel Group, Ltd.)

$GIII {{ '2016-08-30T11:57:50+0000' | timeago}} • Announcement

$GIII now expects FY17 non-GAAP EPS of $2.20-2.30 and adjusted EBITDA to decline 2-3% to about $199-206MM. Adjusted EBITDA for FY17 does not reflect the significant additional expenses related to this acquisition of Donna Karan that the company expects to incur 2H17.

$GIII {{ '2017-12-05T12:58:29+0000' | timeago}} • Announcement

For FY18, $GIII raised its net income guidance to between $66-71MM or $1.33-1.43 per share from the earlier forecast of $56-60MM, or $1.11-1.21 per share. However, the company continues to expect net sale of approx. $2.80Bil for FY18. On an adjusted basis, $GIII now expects to earn between approx. $71-76MM, or $1.42-1.52 per share for FY18.

$GIII {{ '2017-12-05T12:42:37+0000' | timeago}} • Announcement

Apparel company $GIII's profit surged 16% for 3Q18, helped by higher operating profit. For the quarter, net income jumped to $81.62MM or $1.65 per share from the year ago profit of $70.56MM or $1.5 per share. Revenue surged 16% to $1.02 Bil. On an adjusted basis, $GIII earned $1.67 per share.

$GIII {{ '2017-09-06T13:50:50+0000' | timeago}} • Announcement

With improved performance through store rationalization, better merchandising and expense reductions, $GIII expects a net sales of approx. $1.03Bil and net income between $69MM and $73MM, or between $1.36 and $1.46 per diluted share in 3Q18. This compares to net sales of $883MM and net income of $70.6MM, or $1.5 EPS reported in 3Q17.

$GIII {{ '2017-09-06T13:50:14+0000' | timeago}} • Announcement

Weaving an optimistic outlook, $GIII raised its FY18 guidance with a revenue of approx. $2.80Bil from $2.76Bil and a net income between $56MM and $60MM or between $1.11 and $1.21 per diluted share from $52MM and $57MM, or between $1.04 and $1.14 EPS. The non-GAAP net income would be between approx. $64MM and $69MM, or between $1.28 and $1.38 EPS.

$GIII {{ '2017-09-06T13:46:17+0000' | timeago}} • Announcement

$GIII, an apparel company, was in tatters in 2Q18 as it fell deeper into the loss abyss with a net loss of $8.6MM, or $0.18 per share due to rising cost of sales and other expenses, compared to a net loss of $1.3MM, or $0.03 per share a year ago. Despite market headwinds, the net sales spiraled by 21.6% to $538MM in the quarter.

$GIII {{ '2017-06-06T19:51:50+0000' | timeago}} • Webcast

$GIII said a $30MM top-line beat during 1Q18 helped the company race past its guidance. The top-line strength during the period was driven by Tommy Hilfiger and Donna Karan, as well as gross margin improvement for Calvin Klein on the sportswear and dress side.

$GIII {{ '2017-06-06T19:37:27+0000' | timeago}} • Webcast

$GIII anticipates losses from the Donna Karan operations during 1H18 that will be partially offset by operating profitability beginning in 3Q18, when the company commences its shipments of DKNY and Donna Karan products produced by G-III.

$GIII {{ '2017-06-06T19:09:20+0000' | timeago}} • Webcast

In 1Q18, $GIII closed 28 Bass and Wilsons location out of a total of 59 planned closings in FY18. Additionally, $GIII plans to close 45 more locations in the next fiscal year.

$GIII {{ '2017-06-06T18:58:38+0000' | timeago}} • Webcast

$GIII said it has eliminated $4MM of annual run-rate expenses during 1Q18, and has identified another $8MM. By the year-end, the company hopes to achieve $12MM of run-rate expense saving.

$GIII {{ '2017-06-06T12:01:03+0000' | timeago}} • Announcement

$GIII expects net sales of about $520MM for 2Q18, net loss of $20-15MM and loss per share of $0.40-0.30. This forecast compares to net sales of $442MM, net loss of $1.3MM and loss per share of $0.03 reported for 2Q17. On non-GAAP basis, the company expects net loss of $17-12MM and loss per share of $0.34-0.24.

$GIII {{ '2017-06-06T11:58:43+0000' | timeago}} • Announcement

$GIII lifted FY18 net sales outlook to about $2.76Bil from about $2.73Bil, its net income estimate to $52-57MM from $40-45MM and its EPS guidance to $1.04-1.14 from $0.80-0.90. The company also raised its non-GAAP net income forecast to $60-65MM from $49-54MM and its non-GAAP EPS estimate to $1.20-1.30 from $0.99-1.09.

$GIII {{ '2017-06-06T11:58:31+0000' | timeago}} • Announcement

$GIII slipped to a loss in 1Q18 from a profit last year, due to operating losses from the operation and ownership of DKI. Net loss was $10.39MM or $0.21 per share compared to a profit of $2.77MM or $0.06 per share last year. Net sales grew to $529.04MM from $457.4MM. Non-GAAP loss per share was $0.18 compared to EPS of $0.06 a year ago.

$GIII {{ '2017-03-27T15:50:05+0000' | timeago}} • Webcast

$GIII said the losses on the closed store businesses in retail are about $2-3MM. The company is looking for improvement to the magnitude of around $15-20MM in terms of the operating loss from the current year. This will be significantly driven by the achieved expense reductions.

$GIII {{ '2017-03-27T15:24:47+0000' | timeago}} • Webcast

In 4Q17, net sales of $GIII’s wholesale operations segment increased 19.5% to $476MM. Net sales and licensing revenue included from Donna Karan were $17MM in the wholesale operations segment. Net sales of the retail operations segment decreased 2% to $172MM. Net sales included from Donna Karan were $12MM in the retail segment.

$GIII {{ '2017-03-27T15:13:17+0000' | timeago}} • Webcast

$GIII's outerwear business increased in 4Q17 over last year. Tommy Hilfiger and Calvin Klein posted a strong performance. Other standout businesses in 4Q17 in wholesale were Calvin Klein Sportswear, Performance and Handbags, all with growth in the mid-teens over last year. Tommy Hilfiger’s strongest category was denim.

$GIII {{ '2017-03-27T15:03:29+0000' | timeago}} • Webcast

$GIII is closing nearly a third of its Wilsons and Bass stores. Combined through lease expirations, $GII expects to close 60 Wilsons and Bass stores by FY18-end and an additional 55 in FY19. A third of the closings in FY18 will occur before 1Q18-end. $GIII achieved annual run rate savings of $4MM and expects to reach $12MM by beginning of 3Q18.

$GIII {{ '2017-03-27T14:10:49+0000' | timeago}} • Announcement

For 1Q18, $GIII is forecasting net sales of approx. $500MM. Net loss is expected to be $20-25MM or $0.41-0.51 per share. Adjusted net loss is expected to be $0.35-0.45 per share.

$GIII {{ '2017-03-27T14:10:22+0000' | timeago}} • Announcement

For FY18, $GIII is forecasting net sales of approx. $2.73Bil. Net income is expected to be $40-45MM and diluted EPS is expected to be $0.80-0.90. Adjusted net income is expected to be approx. $49-54MM or $0.99-1.09 per diluted share. $GIII is projecting full-year 2018 adjusted EBITDA of $162-171MM.

$GIII {{ '2017-03-27T14:09:59+0000' | timeago}} • Announcement

$GIII reported a net loss of $20.1MM or $0.42 per share in 4Q17 compared to a net income of $8MM or $0.16 per share in 4Q16. Net sales rose 14.4% to $603MM from last year, reflecting strength in the non-outerwear wholesale business, including new product launches, as well as the inclusion of about $29MM of net sales from the DKI business.

$M {{ '2017-03-27T13:36:26+0000' | timeago}} • Announcement

$M and $GIII announced agreement whereby $M will serve, beginning February 2018, as the exclusive U.S. department store for sales of DKNY women’s apparel and accessories. $M exclusivity covers DKNY women’s apparel, handbags and shoes, in addition to women's and men's outerwear and swim.

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