G-III Apparel Group
The 10-second takeaway
For the quarter ended July 31 (Q2), G-III Apparel Group met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped.
Gross margins grew, operating margins dropped, net margins shrank.
G-III Apparel Group logged revenue of $251.5 million. The six analysts polled by S&P Capital IQ predicted a top line of $251.2 million on the same basis. GAAP reported sales were 9.4% higher than the prior-year quarter's $230.0 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 $0.13. The six earnings estimates compiled by S&P Capital IQ predicted $0.07 per share. GAAP EPS of $0.07 for Q2 were 13% lower than the prior-year quarter's $0.08 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 29.8%, 130 basis points better than the prior-year quarter. Operating margin was 1.3%, 40 basis points worse than the prior-year quarter. Net margin was 0.5%, 20 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $569.9 million. On the bottom line, the average EPS estimate is $2.34.
Next year's average estimate for revenue is $1.38 billion. The average EPS estimate is $2.82.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 114 members out of 127 rating the stock outperform, and 13 members rating it underperform. Among 39 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 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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