Net income in the third fiscal quarter ended October 31, 2016 at apparel marketer G-III Apparel Group drove down 19 per cent to $70.6 million, or $1.50 per diluted share, while non-GAAP net income per diluted share was $1.50. As against this, it posted net income of $87.2 million, or $1.87 per diluted share, in the prior fiscal's third quarter.
For the third quarter of fiscal 2017, G-III reported net sales at $883 million vis-à-vis $910 million in the fiscal ago quarter.Net income in the third fiscal quarter ended October 31, 2016 at apparel marketer G-III Apparel Group drove down 19 per cent to $70.6 million, or $1.50 per diluted share, while non-GAAP net income per diluted share was $1.50. As against this, it posted net income of $87.2 million, or $1.87 per diluted share, in the prior fiscal's third quarter. #
The company revised its prior guidance for the full fiscal and is now anticipating net sales of around $2.43 billion and net income between $67 million and $72 million, or a range between $1.41 and $1.51 per diluted share.
G-III's owned brands include Donna Karan, DKNY, Vilebrequin, Andrew Marc, Marc New York, Bass, G.H. Bass, Weejuns, G-III Sports by Carl Banks, Eliza J, Black Rivet and Jessica Howard. (AR)
ALCHEMPro News Desk – India
marketing@alchempro.com
