NasdaqGS:GIIILuxury
Why G-III Apparel Group (GIII) Is Up 11.3% After Raising Earnings Guidance Despite Lower Sales
G-III Apparel Group recently reported past first-quarter fiscal 2027 results showing net sales of US$535.96 million and a sharp increase in net income to US$66.53 million, and raised its earnings guidance for the fiscal year ending January 31, 2027, despite anticipating lower sales of approximately US$2.71 billion after losing Calvin Klein and Tommy Hilfiger business.
Management highlighted that the earnings outlook improvement comes as the company accelerates its shift toward higher-margin...