G-III Apparel Group, Ltd. Provides Earnings Guidance for the First Quarter of Fiscal Year 2022, Ending on April 30, 2021
March 18, 2021 at 07:00 am EDT
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G-III Apparel Group, Ltd. provides earnings guidance for the first quarter of fiscal year 2022, ending on April 30, 2021. For the first quarter of fiscal year 2022, The company expects net sales of approximately $460.0 million, which compares to $405.1 million in the same period last year. GAAP net income for the first quarter of fiscal year 2022, is expected to be in the range of $0.05 and $0.15 per diluted share. This compares to a GAAP net loss of $(0.82) per share in last year’s first quarter, which includes a net loss per share of $(0.33) associated with the Wilsons Leather and G.H. Bass store operations.
G-III Apparel Group, Ltd. designs, sources and markets a range of apparel, including outerwear, dresses, sportswear, swimwear, womenâs suits and womenâs performance wear, as well as womenâs handbags, footwear, small leather goods, cold weather accessories and luggage. Its segments include wholesale operations and retail operations. The wholesale operations segment includes sales of products to retailers under owned, licensed and private label brands, as well as sales related to the Vilebrequin and Karl Lagerfeld businesses, other than sales of products under the Karl Lagerfeld Paris brand from its retail stores and digital outlets. The retail operations segment consists primarily of direct sales to consumers through its Company-operated stores and through digital channels. Its Company-operated retail channels consist primarily of DKNY and Karl Lagerfeld Paris stores, as well as the digital channels for DKNY, Donna Karan, Karl Lagerfeld Paris, G.H. Bass, Andrew Marc and Wilsons Leather.
G-III APPAREL GROUP, LTD. 
