Categories Earnings, Retail

G-III Apparel Group (GIII): Q3 2020 Earnings Snapshot

— 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.

Earnings Update by AlphaStreet

— 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.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Aurora Cannabis (ACB) Earnings: 3Q21 Key Numbers

Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as

Walt Disney (DIS) Q2 revenue down 13%; earnings beat estimates

Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and

Three key factors that bode well for Tattooed Chef (TTCF) going forward

Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top