G-III Apparel Group Full Year 2024 Earnings: Misses Expectations
G-III Apparel Group (NASDAQ:GIII) Full Year 2024 Results
Key Financial Results
Revenue: US$3.10b (down 4.0% from FY 2023).
Net income: US$176.2m (up from US$133.1m loss in FY 2023).
Profit margin: 5.7% (up from net loss in FY 2023). The move to profitability was driven by lower expenses.
EPS: US$3.84 (up from US$2.79 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
G-III Apparel Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 1.8%.
Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Luxury industry in the US.
Performance of the American Luxury industry.
The company's shares are up 1.6% from a week ago.
Risk Analysis
Be aware that G-III Apparel Group is showing 1 warning sign in our investment analysis that you should know about...
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