G-III Apparel Sees FY25 Net Sales Of $3.20B Vs. $3.19B Estimate (Unchanged To Prior Guidance); Projects FY24 Adjusted EPS Of $3.95-$4.05 Vs. $3.66 Estimate (Prior View: $3.58-$3.68)
Portfolio Pulse from Benzinga Newsdesk
G-III Apparel has maintained its FY25 net sales guidance at $3.20 billion, slightly above the $3.19 billion estimate. The company has also raised its FY24 adjusted EPS guidance to $3.95-$4.05, surpassing the previous estimate of $3.66.
September 05, 2024 | 11:18 am
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G-III Apparel has maintained its FY25 net sales guidance at $3.20 billion, slightly above the $3.19 billion estimate. The company has also raised its FY24 adjusted EPS guidance to $3.95-$4.05, surpassing the previous estimate of $3.66.
The maintenance of net sales guidance and the increase in EPS guidance are positive indicators for G-III Apparel's financial performance. The raised EPS guidance suggests improved profitability, which is likely to have a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100