G-III Apparel Group Ltd (GIII.OQ) Key Developments | Reuters.com
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G-III Apparel Group Ltd (GIII.OQ)

GIII.OQ on NASDAQ Stock Exchange Global Select Market

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29 Jun 2016
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Latest Key Developments (Source: Significant Developments)

G-III Apparel Group Q1 earnings per share $0.06
Wednesday, 1 Jun 2016 07:00am EDT 

G-iii Apparel Group Ltd : Q1 earnings per share $0.06 . Q1 earnings per share view $0.02 -- Thomson Reuters I/B/E/S . Sees Q2 earnings per share $0.15 to $0.19 . Q1 sales $457 million versus i/b/e/s view $473.2 million . Iii apparel group ltd - full-year guidance for net sales and net income reaffirmed . Iii apparel group, ltd. Announces first quarter fiscal 2017 results . Sees q2 2017 sales about $485 million . Sees fy 2017 earnings per share $2.55 to $2.65 .Sees fy 2017 sales about $2.56 billion.  Full Article

G-III Apparel Group, Ltd. strengthens partnership with KARL LAGERFELD Brand
Thursday, 25 Feb 2016 04:00pm EST 

G-III Apparel Group, Ltd:Strengthens Partnership with KARL LAGERFELD Brand Through Minority Investment in Parent Companysayshat G-III has taken a 19% minority stake in the parent company.  Full Article

G-III Apparel Group Ltd revises FY 2016 guidance
Wednesday, 2 Dec 2015 07:00am EST 

G-III Apparel Group Ltd:Revised its prior guidance for FY 2016.Says that it is continuing to forecast net sales of about $2.40 billion.Expects FY 2016 net income to be between $124 million and $131 million, or a range between $2.67 and $2.82 per diluted share, compared to its previous guidance of net income between $129 million and $134 million, or a range between $2.78 and $2.88 per diluted share.Says current annual guidance includes other income items included in our results for the third quarter equal to $0.02 per share.Forecasts non-GAAP net income per diluted share for FY 2016 to increase by 17% to 24% to between $2.65 and $2.80.Projects adjusted EBITDA for FY 2016 to increase between 22% and 28% to between about $227 million and $238 million compared to previous guidance of adjusted EBITDA of between about $237 million and $245 million.Says forecasted and actual non-GAAP net income per share and forecasted and actual adjusted EBITDA reflect adjustments that exclude (i) items resulting in other income in FY 2016 equal to $0.02 per share, and (ii) items resulting in other income in FY 2015 equal to $0.2.  Full Article

PVH Corp's Tommy Hilfiger announces license agreement with G-III Apparel Group Ltd for women's dress collection
Friday, 2 Oct 2015 09:00am EDT 

Tommy Hilfiger, which is owned by PVH Corp, and G-III Apparel Group Ltd:Enter into license agreement to introduce a line of women's dresses inspired by the Tommy Hilfiger brand's fresh take on classic, American, cool style.Beginning February 2016, the collection will be available at select department stores, including Macy's, specialty stores, and e-commerce partners in the United States and Canada.  Full Article

G-III Apparel Group Ltd raises prior FY 2016 earnings guidance
Wednesday, 2 Sep 2015 07:30am EDT 

G-III Apparel Group Ltd:Says that it has revised its prior guidance for FY 2016.Sees FY 2016 net sales of about $2.40 billion.Sees FY 2016 net income between $129 million and $134 million, or a range between $2.78 and $2.88 per diluted share.  Full Article

G-III Apparel Group Ltd and Karl Lagerfeld Group BV announce karl lagerfeld north america joint venture
Monday, 8 Jun 2015 06:00am EDT 

G-III Apparel Group Ltd and and Karl Lagerfeld Group BV:Says that they have entered into joint venture (JV) agreement.For development of iconic designer's namesake brand in North American market.Under terms of agreement, Karl Lagerfeld Group BV has assigned the Karl Lagerfeld marks for all consumer products (except eyewear, fragrance, cosmetics, watches, jewelry, and hospitality services, all of which remain exclusively with Karl Lagerfeld Group BV) and apparel in U.S and Canada.In addition, JV will be granted an exclusive, irrevocable, royalty-free license to use the marks in Mexico with respect to the same products. G-III acquired 49 pct interest in JV.G-III is also first licensee of joint venture and has been granted a five year license (with two renewals of five years each) for women's apparel, women's handbags, and men's outerwear.JV expects to grant additional category licenses over time to G-III and/or to other parties.  Full Article

G-III Apparel Group Ltd gives Q2 2016 guidance in line with analysts' estimates; raises FY 2016 guidance
Tuesday, 2 Jun 2015 04:01pm EDT 

G-III Apparel Group Ltd:Forecasts Q2 2016 net sales of about $470.0 million.Forecasts Q2 2016 net income of between $6.9 million and $9.3 million, or between $0.15 and $0.20 per diluted share.Revises its prior guidance for FY 2016.Forecasts FY 2016 net sales of about $2.40 billion and net income between $123 million and $128 million, or a range between $2.66 and $2.76 per diluted share.Says compared to its previous FY 2015 guidance of net sales of about $2.37 billion and net income between $116 million and $122 million, or a range between $2.53 and $2.63 per diluted share.Q2 2016 revenue of $468 million, net income of $8.6 million and EPS of $0.18 - Thomson Reuters I/B/E/S.FY 2015 revenue of $2.37 billion, net income of $121.5 million and EPS of $2.62 - Thomson Reuters I/B/E/S.  Full Article

G-III Apparel Group Ltd gives Q1, FY 2016 guidance in line with analysts' estimates
Tuesday, 24 Mar 2015 07:00am EDT 

G-III Apparel Group Ltd:Forecasts FY 2016 net sales of about $2.37 billion and net income between $116 million and $122 million, or between $5.05 and $5.25 per diluted share.Forecasts FY 2016 adjusted EBITDA for fiscal 2016 to be between $214 million and $224 million.Forecasts Q1 2016 net sales of about $406 million and net income between $1.1 million and $3.5 million, or between $0.05 and $0.15 per diluted share.Q1 2016 revenue of $405 million, net income of $3.2 million and EPS of $0.14 - Thomson Reuters I/B/E/S.FY 2016 revenue of $2.34 billion, net income of $118 million and EPS of $5.16 - Thomson Reuters I/B/E/S.  Full Article

G-III Apparel Group Ltd raises FY 2015 guidance
Wednesday, 3 Dec 2014 07:00am EST 

G-III Apparel Group Ltd:Expects FY 2015 net sales of about $2.13 bln compared to previous guidance of $2.11 bln.Expects FY 2015 net income to be between $103.0 and $106.0 mln, or a range between $4.65 and $4.80 per diluted share, compared to its previous guidance of net income between $90.6 and $93.9 mln, or a range between $4.00 and $4.15 per diluted share.Expects FY 2014 non-GAAP net income per diluted share between $4.20 and $4.35 compared to $3.74 in FY 2014.Projects adjusted EBITDA for FY 2015 to increase between 20 and 24 pct to between $176.5 and $181.5 mln compared to adjusted EBITDA of $147.1 mln in FY 2014 and increasing from previous guidance of adjusted EBITDA of between about $174.0 and $179.4 mln.FY 2015 revenue of $2.11 bln, net income of $92 mln, EBITDA of $176.4 mln and EPS of $4.10 - Thomson Reuters I/B/E/S.  Full Article

G-III Apparel Group Ltd gives Q3 2014 revenue outlook above analysts'; gives Q3 2014 earnings outlook below analysts'; raises FY 2014 revenue, net income, EBITDA outlook; lowers FY 2014 EPS outlook
Wednesday, 3 Sep 2014 07:00am EDT 

G-III Apparel Group Ltd:Expects FY 2015 net sales of about $2.11 bln and net income between $90.6 mln and $93.9 mln, or a range between $4.00 and $4.15 per diluted share, compared to previous outlook of net sales of about $2.06 bln and net income between $87.9 mln and $91.2 mln, or $4.05 and $4.20 per diluted share.Expects FY 2015 adjusted EBITDA to increase between 18 and 22 pct to between $174.0 and $179.4 mln compared to previous guidance of adjusted EBITDA between about $170.2 mln and $175.5 mln.Expects Q3 2015 net sales of about $805 mln compared to $668.7 million in the comparable quarter last year.Expects Q3 2015 net income between $63.9 and $67.3 mln, or between $2.75 and $2.90 per diluted share.Q3 2015 revenue of $791.53 mln, net income of $71.68 mln and EPS of $3.14 - Thomson Reuters I/B/E/S.FY 2015 revenue of $2.066 bln, net income of $90.12 mln and EPS of $4.11 - Thomson Reuters I/B/E/S.  Full Article