G-III Apparel beats by $0.72, misses on revs; guides FY24 EPS above consensus, revs below consensus
- Reports Q3 (Oct) earnings of $2.78 per share, excluding non-recurring items, $0.72 better than the FactSet Consensus of $2.06; revenues fell 0.8% year/year to $1.07 bln vs the $1.13 bln FactSet Consensus.
- Co issues mixed guidance for FY24, sees EPS of $3.90-$4.00, up from prior guidance, vs. $3.24 FactSet Consensus; sees FY24 revs of $3.15 bln vs. $3.3 bln FactSet Consensus.
- G-III announced today that it has appointed Dana Perlman as its new Chief Growth and Operations Officer, effective January 8, 2024.