The Company is now projecting adjusted EBITDA for fiscal 2015 to increase between 16% and 19%, to between approximately $170.2 million and $175.5 million as compared to its previous guidance of between $166.3 million and $171.5 million. Adjusted EBITDA for fiscal 2014 was $147.1 million. Adjusted EBITDA should be evaluated in light of the Company's financial results prepared in accordance with U.S. GAAP. For its second fiscal quarter ending July 31, 2014, the Company is forecasting net sales of approximately $392 million compared to $304.2 million in the comparable quarter last year. The Company is also forecasting net income for the second fiscal quarter between $2.8 million and $3.7 million, or between $0.13 and $0.17 per diluted share, compared to net income of $3.6 million, or $0.17 per diluted share, in last year's second quarter.
G-III Apparel Group, Ltd. announced operating results for the first quarter of fiscal 2015. Highlights:- Net Sales Increase 34% to $366.2 Million#
About G-III Apparel Group, Ltd.
G-III is a leading manufacturer and distributor of outerwear, dresses, sportswear, swimwear, women's suits and women's performance wear, as well as footwear, luggage and women's handbags, small leather goods and cold weather accessories, under licensed brands, our own brands and private label brands. G-III sells swimwear, resort wear and related accessories under our own Vilebrequin brand. G-III also sells outerwear, dresses and performance wear under our own Andrew Marc and Marc New York brands and has licensed these brands to select third parties in certain product categories.
G-III Apparel Group, Ltd. announced operating results for the first quarter of fiscal 2015. Highlights:- Net Sales Increase 34% to $366.2 Million#
G-III Apparel Group
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