G-III Apparel Group Earnings Perspective: Return On Capital Employed
Portfolio Pulse from Benzinga Insights
G-III Apparel Group (NASDAQ:GIII) reported Q1 earnings of $3.14 million, a 101.2% increase from Q4, while sales dropped 29.01% to $606.59 million. The company posted a return on capital employed (ROCE) of 0.0%, indicating effective capital allocation. Q1 earnings per share were $0.13, beating analyst predictions of -$0.1.
June 07, 2023 | 2:48 pm
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G-III Apparel Group's Q1 earnings increased 101.2% to $3.14 million, with sales dropping 29.01% to $606.59 million. The company posted a 0.0% ROCE, indicating effective capital allocation, and beat analyst EPS predictions.
G-III Apparel Group's Q1 earnings increased significantly, and the company posted a positive ROCE, indicating effective capital allocation. This, combined with beating analyst EPS predictions, suggests a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100