Stock Monitor: Vince Holding Post Earnings Reporting
LONDON, UK / ACCESSWIRE / January 04, 2018 / Active-Investors.com has just released a free earnings report on G-III Apparel Group, Ltd (NASDAQ: GIII). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=GIII. The Company posted its financial results on December 05, 2017, for the third quarter fiscal 2018. The clothing and accessories maker's adjusted EPS surpassed analysts' expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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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:
Earnings Highlights and Summary
For three months ended October 31, 2017, G-III Apparel's net revenue increased 16% to $1.02 billion from $883.48 million in Q3 FY17. The Company's net revenue was below analysts' expectations of $1.03 billion.
During Q3 FY18, G-III Apparel's gross profit increased 21.6% to $390.87 million from $321.45 million in the same period last year. For the reported quarter, the Company's gross margin increased 170 basis points to 38.1% of revenue from 36.4% of revenue in Q3 FY17.
During Q3 FY18, G-III Apparel's operating income increased 22.6% to $141.22 million from $115.15 million in the same period last year. For the reported quarter, the Company's operating margin increased 80 basis points to 13.8% of revenue from 13% of revenue in Q3 FY17.
During Q3 FY18, G-III Apparel's earnings before tax (EBT) increased 14.2% to $127.95 million from $112.01 million in the same period last year. For the reported quarter, the Company's EBT margin decreased 20 basis points to 12.5% of revenue from 12.7% of revenue in Q3 FY17.
For the reported quarter, G-III Apparel's net income increased 15.7% to $81.63 million on a y-o-y basis from $70.56 million in Q3 FY17. During Q3 FY18, the Company's diluted EPS increased 10% to $1.65 on a y-o-y basis from $1.50 in the same period last year. During Q3 FY18, the Company's adjusted diluted EPS increased 11.3% to $1.67 on a y-o-y basis from $1.50 in the same period last year. Adjusted diluted EPS surpassed analysts' expectations of $1.54.
G-III Apparel Group's Segment Details
Wholesale - During Q3 FY18, the wholesale segment's net revenue increased 22% to $967 million from $794 million in the same period last year. For the reported quarter, the segment's gross margin decreased 30 basis points to 34.1% of revenue from 34.4% of revenue in Q3 FY17.
Retail - During Q3 FY18, the Retail segment's net revenue increased 11% to $119 million from $107 million in the same period last year. For the reported quarter, the segment's gross margin increased 610 basis points to 51.3% of revenue from 45.2% of revenue in Q3 FY17.
As on October 31, 2017, G-III Apparel's cash increased 51.6% to $68.23 million from $45.00 million on October 31, 2016. For the reported quarter, the Company's long-term debt was $726.61 million.
For Q4 FY18, the Company expects revenue to be $707 million and diluted EPS to be in the range of $0.07 to $0.17.
For FY18, the Company expects revenue to be $2.80 billion and diluted EPS to be in the range of $1.33 to $1.43 and estimates adjusted diluted EPS to be in the range of $1.42 to $1.52. The Company expects adjusted EBITDA to be in the range of $188 million to $196 million for fiscal 2018.
Stock Performance Snapshot
January 03, 2018 - At Wednesday's closing bell, G-III Apparel's stock was slightly up 0.90%, ending the trading session at $38.20.
Volume traded for the day: 912.55 thousand shares, which was above the 3-month average volume of 703.95 thousand shares.
Stock performance in the last month – up 25.99%; previous three-month period – up 30.69%; past twelve-month period – up 27.63%; and year-to-date – up 3.55%
After yesterday's close, G-III Apparel's market cap was at $1.91 billion.
Price to Earnings (P/E) ratio was at 45.48.
The stock is part of the Consumer Goods sector, categorized under the Textile - Apparel Clothing industry. This sector was up 0.1% at the end of the session.
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