G-III Apparel Group
The 10-second takeaway
For the quarter ended Jan. 31 (Q4), G-III Apparel Group missed estimates on revenue and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share contracted significantly.
Margins shrank across the board.
G-III Apparel Group reported revenue of $294.3 million. The five analysts polled by S&P Capital IQ expected sales of $305.8 million on the same basis. GAAP reported sales were 9.0% higher than the prior-year quarter's $270.2 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 $0.25. The four earnings estimates compiled by S&P Capital IQ anticipated $0.29 per share. GAAP EPS of $0.25 for Q4 were 60% lower than the prior-year quarter's $0.62 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 28.3%, 400 basis points worse than the prior-year quarter. Operating margin was 3.0%, 470 basis points worse than the prior-year quarter. Net margin was 1.7%, 290 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $217.7 million. On the bottom line, the average EPS estimate is -$0.02.
Next year's average estimate for revenue is $1.35 billion. The average EPS estimate is $3.08.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 113 members out of 127 rating the stock outperform, and 14 members rating it underperform. Among 43 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 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 $30.40.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.