G-III Apparel Group
The 10-second takeaway
For the quarter ended Oct. 31 (Q3), G-III Apparel Group missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share grew.
Margins expanded across the board.
G-III Apparel Group logged revenue of $543.5 million. The six analysts polled by S&P Capital IQ expected sales of $571.1 million on the same basis. GAAP reported sales were 6.6% higher than the prior-year quarter's $510.0 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 $2.43. The seven earnings estimates compiled by S&P Capital IQ anticipated $2.34 per share. GAAP EPS of $2.37 for Q3 were 9.7% higher than the prior-year quarter's $2.16 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 35.0%, 320 basis points better than the prior-year quarter. Operating margin was 14.9%, 50 basis points better than the prior-year quarter. Net margin was 8.9%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $352.1 million. On the bottom line, the average EPS estimate is $0.41.
Next year's average estimate for revenue is $1.39 billion. The average EPS estimate is $2.87.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 113 members out of 125 rating the stock outperform, and 12 members rating it underperform. Among 38 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 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 $43.00.
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