G-III Apparel Expects Q2 Fiscal 2025 Sales Of Approximately $650M Compared To Consensus Of $664.59M, With Adjusted EPS Of $0.22-$0.32 Vs Consensus Of $0.33
Portfolio Pulse from Benzinga Newsdesk
G-III Apparel expects Q2 Fiscal 2025 sales of approximately $650M, which is below the consensus estimate of $664.59M. The company also projects adjusted EPS of $0.22-$0.32, compared to the consensus of $0.33. However, G-III Apparel has raised its Fiscal 2025 adjusted EBITDA guidance to $295M-$300M from the prior $290M-$295M.
June 06, 2024 | 11:19 am
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NEGATIVE IMPACT
G-III Apparel's Q2 Fiscal 2025 sales and adjusted EPS projections are below consensus estimates, which may negatively impact the stock in the short term. However, the raised Fiscal 2025 adjusted EBITDA guidance could provide some positive sentiment.
The lower-than-expected sales and EPS projections for Q2 Fiscal 2025 are likely to weigh on the stock price in the short term. However, the raised EBITDA guidance for Fiscal 2025 could mitigate some of the negative impact, leading to mixed investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100