G-III Apparel Sees Q3 Net Sales Of $1.10 billion Vs. $1.13B Estimate; Projects Adjusted EPS Of $2.20-$2.30 Vs. $2.61 Estimate
Portfolio Pulse from Nabaparna Bhattacharya
G-III Apparel has revised its Q3 net sales forecast to $1.10 billion, down from the previous estimate of $1.13 billion. The company also projects adjusted EPS between $2.20 and $2.30, which is below the earlier estimate of $2.61.
September 05, 2024 | 11:21 am
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G-III Apparel has lowered its Q3 net sales forecast to $1.10 billion, missing the $1.13 billion estimate. The adjusted EPS is also projected to be lower than expected, at $2.20-$2.30 versus the $2.61 estimate.
The downward revision in both net sales and EPS forecasts suggests potential challenges in G-III Apparel's business performance, likely leading to a negative short-term impact on its stock price.
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