— G-III Apparel Group Ltd. (NASDAQ: GIII) reported its third-quarter 2020 adjusted earnings of $1.99 per share versus $1.94 per share expected.
— Net sales rose by 5% to $1.13 billion versus $1.17 billion expected. The company maintained good momentum in its wholesale business, in spite of the challenging retail and macro environment.

— Looking ahead into fiscal 2020, the company lowered its net sales outlook to about $3.20 billion from the previous estimate of about $3.30 billion. This is compared to the consensus estimates of $3.28 billion.
— The earnings guidance is reduced to the range of $3.01-3.11 per share from the prior range of $3.10-3.20 per share for the full year.
— The adjusted earnings forecast is cut to the range of $3.06-3.16 from the previous range of $3.15-3.25 per share for fiscal 2020. This is compared to the analysts’ expectations of $3.16 per share.
— The company projects fiscal 2020 adjusted EBITDA in the range of $283-288 million compared to adjusted EBITDA of $269.4 million in fiscal 2019.
Most Popular
General Mills (GIS) Q4 Earnings: Key financials and quarterly highlights
General Mills Inc. (NYSE: GIS) reported fourth quarter 2022 earnings results today. Net sales increased 8% year-over-year to $4.9 billion. Organic net sales rose 13%. Net earnings attributable to General
KB Home (KBH): A look at the homebuilder’s expectations for the year
Shares of KB Home (NYSE: KBH) have dropped 35% year-to-date and 28% over the past 12 months. Last week, the company reported second quarter 2022 earnings results that surpassed expectations
Trade Desk’s stock can strengthen your investment portfolio. Here’s why
Trade Desk, Inc. (NASDAQ: TTD) has remained a much sought-after demand-side platform despite challenging market conditions and growing inflationary pressure, but its stock suffered heavy selling in recent months. The