Edition:
India

G-III Apparel Group Ltd (GIII.OQ)

GIII.OQ on NASDAQ Stock Exchange Global Select Market

26.72USD
17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

G-III Apparel Group Q2 loss per share $0.03
Tuesday, 30 Aug 2016 

G-III Apparel Group Ltd : G-III Apparel Group, Ltd. announces second quarter fiscal 2017 results . Q2 loss per share $0.03 . Q2 sales $442.3 million versus I/B/E/S view $484.9 million . Sees FY 2017 adjusted non-gaap earnings per share $2.20 to $2.30 . Sees fiscal 2017 revenue about $2.48 billion . Sees fiscal 2017 earnings per share $2.16 to $2.26 . Sees Q3 earnings per share $1.50 to $1.60 . Sees Q3 2017 sales about $940 million . Q2 earnings per share view $0.18 -- Thomson Reuters I/B/E/S . Q3 earnings per share view $2.02, revenue view $1.01 billion -- Thomson Reuters I/B/E/S . Says projecting adjusted EBITDA for fiscal 2017 to decrease from prior year between 2% and 5% .FY2017 earnings per share view $2.58, revenue view $2.56 billion -- Thomson Reuters I/B/E/S.  Full Article

G-Iii to acquire Donna Karan International from lvmh
Monday, 25 Jul 2016 

G-iii Apparel Group Ltd : G-Iii to acquire donna karan international from lvmh .Says deal for an enterprise value of $650 million.  Full Article

G-III Apparel Group to buy Donna Karan International from LVMH
Monday, 25 Jul 2016 

G-iii Apparel Group Ltd : To acquire donna Karan International from LVMH . G-Iii will acquire donna karan international in a transaction with an enterprise value of $650 million . Does not plan to update its financial guidance to reflect effect of acquisition until it has closed . Plans to fund deal through new indebtedness, $75 million of newly issued stock to lvmh, and a $75 million 6.5 year seller note . Expects acquisition to be dilutive in fiscal year ending january 31, 2018, and accretive thereafter .Barclays is acting as exclusive financial advisor to G-III.  Full Article

G-III Apparel Group Q1 earnings per share $0.06
Wednesday, 1 Jun 2016 

G-iii Apparel Group Ltd : Q1 earnings per share $0.06 . Q1 earnings per share view $0.02 -- Thomson Reuters I/B/E/S . Sees Q2 earnings per share $0.15 to $0.19 . Q1 sales $457 million versus i/b/e/s view $473.2 million . Iii apparel group ltd - full-year guidance for net sales and net income reaffirmed . Iii apparel group, ltd. Announces first quarter fiscal 2017 results . Sees q2 2017 sales about $485 million . Sees fy 2017 earnings per share $2.55 to $2.65 .Sees fy 2017 sales about $2.56 billion.  Full Article

G-III Apparel Group, Ltd. strengthens partnership with KARL LAGERFELD Brand
Friday, 26 Feb 2016 

G-III Apparel Group, Ltd:Strengthens Partnership with KARL LAGERFELD Brand Through Minority Investment in Parent Companysayshat G-III has taken a 19% minority stake in the parent company.  Full Article

G-III Apparel Group Ltd revises FY 2016 guidance
Wednesday, 2 Dec 2015 

G-III Apparel Group Ltd:Revised its prior guidance for FY 2016.Says that it is continuing to forecast net sales of about $2.40 billion.Expects FY 2016 net income to be between $124 million and $131 million, or a range between $2.67 and $2.82 per diluted share, compared to its previous guidance of net income between $129 million and $134 million, or a range between $2.78 and $2.88 per diluted share.Says current annual guidance includes other income items included in our results for the third quarter equal to $0.02 per share.Forecasts non-GAAP net income per diluted share for FY 2016 to increase by 17% to 24% to between $2.65 and $2.80.Projects adjusted EBITDA for FY 2016 to increase between 22% and 28% to between about $227 million and $238 million compared to previous guidance of adjusted EBITDA of between about $237 million and $245 million.Says forecasted and actual non-GAAP net income per share and forecasted and actual adjusted EBITDA reflect adjustments that exclude (i) items resulting in other income in FY 2016 equal to $0.02 per share, and (ii) items resulting in other income in FY 2015 equal to $0.2.  Full Article

BRIEF-GIII Apparel says it is not looking for tremendous increase in margin profile for outerwear in 2H 2018

* GIII Apparel - DKNY and Donna Karan brands expected to generate about $20 million in total sales in 2H 2018 -conf call