NasdaqGS:GIIILuxury
A Look at G-III Apparel Group’s (GIII) Valuation Following Disappointing Earnings and Lowered Outlook
Something big just happened with G-III Apparel Group (GIII) and it is making investors take notice. A fresh earnings report delivered numbers that came up short. Sales and profits both slipped versus last year, and management did not sugarcoat it with guidance either. The outlook for both the coming quarter and the full fiscal year points to continued softness in sales and earnings, a sign that demand or execution challenges are not just a one-off.
This cautious tone has clearly shaped...