Why G-III Apparel Shares Are Plunging Today
Portfolio Pulse from Lekha Gupta
G-III Apparel Group (NASDAQ:GIII) shares are plunging after reporting mixed Q1 FY25 results. Sales missed estimates, but gross profit increased. The company raised its FY25 EPS outlook and announced a strategic partnership with All We Wear Group. GIII shares are down 12.81%.
June 06, 2024 | 3:52 pm
News sentiment analysis
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NEGATIVE IMPACT
Pacer US Small Cap Cash Cows Growth Leaders ETF (NASDAQ:CAFG) may be impacted by the decline in G-III Apparel Group shares, as GIII is part of its holdings.
CAFG holds G-III Apparel Group shares, and the significant decline in GIII's stock price may negatively impact the ETF's performance in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Pacer US Small Cap Cash Cows 100 ETF (BATS:CALF) may be impacted by the decline in G-III Apparel Group shares, as GIII is part of its holdings.
CALF holds G-III Apparel Group shares, and the significant decline in GIII's stock price may negatively impact the ETF's performance in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
G-III Apparel Group shares are down 12.81% after mixed Q1 FY25 results. Sales missed estimates, but gross profit increased. The company raised its FY25 EPS outlook and announced a strategic partnership with All We Wear Group.
The stock price is reacting negatively to the mixed earnings report where sales missed estimates, despite an increase in gross profit and a raised EPS outlook. The strategic partnership announcement did not offset the negative sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100