G-III Apparel Group
The 10-second takeaway
For the quarter ended April 30 (Q1), G-III Apparel Group beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP loss per share expanded.
Gross margins dropped, operating margins were steady, net margins shrank.
G-III Apparel Group notched revenue of $229.4 million. The five analysts polled by S&P Capital IQ predicted revenue of $212.9 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $196.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.04. The five earnings estimates compiled by S&P Capital IQ anticipated -$0.04 per share. GAAP EPS were -$0.04 for Q1 versus -$0.03 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.9%, 30 basis points worse than the prior-year quarter. Operating margin was 0.0%, about the same as the prior-year quarter. Net margin was -0.4%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $251.5 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $1.35 billion. The average EPS estimate is $2.70.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 116 members out of 129 rating the stock outperform, and 13 members rating it underperform. Among 43 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give G-III Apparel Group a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on G-III Apparel Group is outperform, with an average price target of $33.20.
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