G-III Apparel Sees FY24 Adjusted Of $3.20-$3.30 Compared To Prior Guidance Of $2.80-$2.90 Consensus Of $2.80; The Company Projects Adjusted EBITDA Of $284M-$289M
Portfolio Pulse from Benzinga Newsdesk
G-III Apparel has revised its FY24 adjusted earnings guidance to $3.20-$3.30 per share, up from the previous guidance of $2.80-$2.90. The consensus estimate was $2.80. The company also projects an adjusted EBITDA of $284M-$289M.
September 07, 2023 | 11:10 am
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G-III Apparel has raised its FY24 earnings guidance, which is likely to be viewed positively by the market.
G-III Apparel's upward revision of its FY24 earnings guidance indicates better-than-expected performance. This is likely to boost investor confidence and could lead to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
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