G-III Apparel Group Q4 Adj EPS $0.76 Beats $0.67 Estimate, Sales $764.78M Miss $817.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
G-III Apparel Group (NASDAQ:GIII) reported Q4 adjusted EPS of $0.76, surpassing the $0.67 estimate, marking an 85.37% increase from last year. However, sales of $764.78M fell short of the $817.48M estimate, a 10.49% decrease from the previous year.
March 14, 2024 | 11:02 am
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G-III Apparel Group reported a Q4 adjusted EPS of $0.76, beating estimates, but missed sales forecasts with $764.78M.
The mixed results with an earnings beat but a miss on sales forecasts could lead to neutral market sentiment in the short term. The significant increase in EPS year-over-year is positive, but the decrease in sales compared to the previous year might raise concerns about growth prospects.
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