G-III Apparel Group (Nasdaq: GIII ) reported earnings on April 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 31 (Q4), G-III Apparel Group beat expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share expanded significantly.
Margins grew across the board.
G-III Apparel Group recorded revenue of $375.3 million. The seven analysts polled by S&P Capital IQ expected revenue of $357.5 million on the same basis. GAAP reported sales were 27% higher than the prior-year quarter's $294.3 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 $0.41. The seven earnings estimates compiled by S&P Capital IQ forecast $0.40 per share. Non-GAAP EPS of $0.41 for Q4 were 64% higher than the prior-year quarter's $0.25 per share. GAAP EPS of $0.40 for Q4 were 60% higher than the prior-year quarter's $0.25 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 31.4%, 310 basis points better than the prior-year quarter. Operating margin was 4.3%, 130 basis points better than the prior-year quarter. Net margin was 2.2%, 50 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $260.5 million. On the bottom line, the average EPS estimate is -$0.06.
Next year's average estimate for revenue is $1.55 billion. The average EPS estimate is $3.30.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 113 members out of 124 rating the stock outperform, and 11 members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 give G-III Apparel Group a green thumbs-up, and four 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 $43.60.
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