U.S. Markets closed

Free Post Earnings Research Report: G-III Apparel's Quarterly Revenues Advanced 15.63%

Stock Monitor: Oxford Industries Post Earnings Reporting

LONDON, UK / ACCESSWIRE / July 6, 2018 / If you want access to our free earnings report on G-III Apparel Group, Ltd (NASDAQ: GIII) ("GIII"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=GIII. The Company reported its financial results on June 05, 2018, for the first quarter of the fiscal year 2019, ended April 30, 2018. The Company surpassed analysts' estimates for earnings and revenues in Q1 FY19. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Oxford Industries, Inc. (NYSE: OXM), which also belongs to the Consumer Goods sector as the Company G-III Apparel Group. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=OXM

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, G-III Apparel Group most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=GIII

Earnings Highlights and Summary

For Q1 FY19, GIII's total revenues reached $611.74 million, reflecting an increase of 15.63% from $529.04 million in Q1 FY18. The Company's revenue numbers exceeded analysts' consensus estimates of $570.10 million.

During Q1 FY19, GIII's cost of goods sold was $376.31 million, 14.96% higher than $327.33 million in Q1 FY18. The Company's gross profit jumped 16.72% to $235.44 million in the quarter under review from $201.72 million in the year ago same quarter.

GIII incurred selling, general, and administrative expenses (SG&A) of $202.98 million in Q1 FY19, an increase of 2.82% from $197.41 million in Q1 FY18. For the reported quarter, the Company's depreciation and amortization expenses fell 4.66% to $9.38 million on a y-o-y basis. GIII had an operating profit of $23.08 million in Q1 FY19 compared to an operating loss of $5.53 million in Q1 FY18.

GIII reported a net income of $9.89 million in the quarter ended April 30, 2018, versus a net loss of $10.39 million in Q1 FY18. The Company had a diluted income per share of $0.20 in the reported quarter, up from a diluted loss per share of $0.21 in the prior year's comparable quarter. The Company's reported results included non-cash imputed interest expenses related to the note issued to seller as part of the consideration for the acquisition of Donna Karan International ("DKI") of $1.20 million in Q1 FY19 compared to $1.40 million in Q1 FY18; and professional fees related to the acquisition of DKI of $1.10 million in Q1 FY18. Excluding these special items, GIII had an adjusted diluted income per share of $0.22 in Q1 FY19 compared to an adjusted diluted loss per share of $0.18 in Q1 FY18. Market analysts had estimated the Company to report a loss per share of $0.04 for the reported quarter.

Cash Matters

GIII had cash and cash equivalents of $71.05 million as on April 30, 2018, an increase of 5.83% from $67.13 million as on April 30, 2017. The Company's long-term debt balance fell 9.04% to $448.26 million as on April 30, 2018, from $492.80 million as on April 30, 2017.

Outlook

For the full fiscal year 2019, ending January 31, 2019, GIII expects net sales of approximately $2.97 billion and GAAP net income between $112 million and $117 million, or between $2.20 and $2.30 per diluted share. The Company expects non-GAAP net income to be between $116 million and $121 million, or between $2.27 and $2.37 per diluted share, for FY19. GIII expects adjusted EBITDA of $236 million to $246 million for FY19.

For the second quarter of the fiscal year 2019, ending July 31, 2018, GIII expects net sales of approximately $590 million and GAAP net income or loss between a net loss of $3.50 million and net income of $1.50 million, or between a net loss of $0.07 per share and net income of $0.03 per share. On an adjusted basis, the Company expects a non-GAAP net income or loss between a net loss of $2.60 million and net income of $2.40 million, or between a net loss of $0.05 per diluted share and net income of $0.05 per diluted share, for Q2 FY19.

Stock Performance Snapshot

July 05, 2018 - At Thursday's closing bell, G-III Apparel Group's stock slightly dropped 0.35%, ending the trading session at $43.15.

Volume traded for the day: 418.90 thousand shares.

Stock performance in the last three-month - up 9.74%; previous six-month period - up 12.96%; past twelve-month period - up 74.13%; and year-to-date - up 16.97%

After yesterday's close, G-III Apparel Group's market cap was at $2.20 billion.

Price to Earnings (P/E) ratio was at 23.73.

The stock is part of the Consumer Goods sector, categorized under the Textile - Apparel Clothing industry. This sector was up 1.0% at the end of the session.

The free online CSS code beautifier takes care of your dirty code and strips every unwanted mess. Go to the CSS Cleaner to get started.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

SOURCE: Active-Investors