G-III Apparel Group Ltd.

NASDAQ:GIII   3:59:55 PM EDT
22.86
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Other Pre-Announcement

G-III Apparel Group Announces Q4, Full-Year Fiscal 2022 Results

Published: 03/17/2022 11:25 GMT
G-III Apparel Group Ltd. (GIII) - G-iii Apparel Group, Ltd.
Announces Fourth Quarter and Full-year Fiscal 2022 Results.
Q4 Earnings per Share $0.98.
Sees FY Earnings per Share $4.20 to $4.30.
Sees Q1 Sales About $600 Million.
Sees FY Sales About $3.0 Billion.
Provides Guidance for Q1 and Full Fiscal Year 2023.
Board Authorizes Increased Share Repurchase Program of Up to 10 Million Shares.
Net Sales for Q4 Ended January 31, 2022 Increased 42% to $748.2 Billion From $526.2 Million in Q4 Last Year.
For Fiscal 2023, Company Expects Net Sales of Approximately $3.0 Billion.
Sees Net Income Between $205.0 Million and $215.0 Million, Or Between $4.20 and $4.30 per Diluted Share for Fiscal 2023.
Net Income for Q1 of Fiscal 2023 is Expected to Be in Range $25.0 Million and $30.0 Million.
For Q1 of Fiscal Year 2023, Company Expects Net Sales of Approximately $600.0.
Q4 Earnings per Share View $0.64, Revenue View $741.6 Million -- Refinitiv Ibes Data (analyst estimates).
Q1 Earnings per Share View $0.44, Revenue View $579.9 Million -- Refinitiv Ibes Data (analyst estimates).
FY2023 Earnings per Share View $3.56, Revenue View $2.88 Billion -- Refinitiv Ibes Data (analyst estimates).