G-III Apparel Expects Lower Sales This Year

Dow Jones

13 Mar

By Dean Seal

G-III Apparel is guiding for sales to decline in fiscal 2026 but reported a better fourth quarter than analysts had expected.

The company behind fashion brands DKNY, Calvin Klein and Tommy Hilfiger posted a profit of $48.8 million, or $1.07 a share, for the quarter ended Jan. 31, up from $28.9 million, or 61 cents a share, in the same period a year earlier.

Stripping out one-time items, adjusted earnings were $1.27 a share. Analysts polled by FactSet had been expecting 97 cents a share.

Sales rose 9.8% during the quarter to $839.5 million, topping forecasts for $807.1 million, according to FactSet.

Shares rose 10% to $27.98 in premarket trading.

The company said it expects $4.15 to $4.25 a share in earnings for the fiscal year that started Feb. 1. That's below fiscal 2024's $4.20 a share, but above the consensus estimate of $4.10 from analysts polled by FactSet.

Sales, however, are expected to tick down to $3.14 billion from $3.18 billion last year. Analysts had been projecting $3.22 billion, according to FactSet.

Chief Executive Morris Goldfarb said the company's owned brands DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin should deliver strong sales going forward that offset lower sales in the Calvin Klein and Tommy Hilfiger businesses.

For the first quarter, G-III is targeting $580 million in sales, which is below current forecasts for $620 million. Earnings are expected to be 5 cents to 15 cents a share, compared with analyst estimates for 9 cents a share.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

March 13, 2025 08:23 ET (12:23 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Analysts polled by FactSet had been expecting 97 cents a share. \n</p>\n<p>\n  Sales rose 9.8% during the quarter to $839.5 million, topping forecasts for $807.1 million, according to FactSet. \n</p>\n<p>\n  Shares rose 10% to $27.98 in premarket trading. \n</p>\n<p>\n  The company said it expects $4.15 to $4.25 a share in earnings for the fiscal year that started Feb. 1. That's below fiscal 2024's $4.20 a share, but above the consensus estimate of $4.10 from analysts polled by FactSet. \n</p>\n<p>\n  Sales, however, are expected to tick down to $3.14 billion from $3.18 billion last year. Analysts had been projecting $3.22 billion, according to FactSet. \n</p>\n<p>\n  Chief Executive Morris Goldfarb said the company's owned brands DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin should deliver strong sales going forward that offset lower sales in the Calvin Klein and Tommy Hilfiger businesses. \n</p>\n<p>\n  For the first quarter, G-III is targeting $580 million in sales, which is below current forecasts for $620 million. Earnings are expected to be 5 cents to 15 cents a share, compared with analyst estimates for 9 cents a share. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 13, 2025 08:23 ET (12:23 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>G-III Apparel Expects Lower Sales This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nG-III Apparel Expects Lower Sales This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-13 20:23</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Dean Seal \n</p>\n<pre>\n \n</pre>\n<p>\n  G-III Apparel is guiding for sales to decline in fiscal 2026 but reported a better fourth quarter than analysts had expected. \n</p>\n<p>\n  The company behind fashion brands DKNY, Calvin Klein and Tommy Hilfiger posted a profit of $48.8 million, or $1.07 a share, for the quarter ended Jan. 31, up from $28.9 million, or 61 cents a share, in the same period a year earlier. \n</p>\n<p>\n  Stripping out one-time items, adjusted earnings were $1.27 a share. Analysts polled by FactSet had been expecting 97 cents a share. \n</p>\n<p>\n  Sales rose 9.8% during the quarter to $839.5 million, topping forecasts for $807.1 million, according to FactSet. \n</p>\n<p>\n  Shares rose 10% to $27.98 in premarket trading. \n</p>\n<p>\n  The company said it expects $4.15 to $4.25 a share in earnings for the fiscal year that started Feb. 1. That's below fiscal 2024's $4.20 a share, but above the consensus estimate of $4.10 from analysts polled by FactSet. \n</p>\n<p>\n  Sales, however, are expected to tick down to $3.14 billion from $3.18 billion last year. Analysts had been projecting $3.22 billion, according to FactSet. \n</p>\n<p>\n  Chief Executive Morris Goldfarb said the company's owned brands DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin should deliver strong sales going forward that offset lower sales in the Calvin Klein and Tommy Hilfiger businesses. \n</p>\n<p>\n  For the first quarter, G-III is targeting $580 million in sales, which is below current forecasts for $620 million. Earnings are expected to be 5 cents to 15 cents a share, compared with analyst estimates for 9 cents a share. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 13, 2025 08:23 ET (12:23 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GIII","symbol_name":"G-III Apparel Group","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2519783658","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2519783658","pubTimestamp":1741868580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"G-III Apparel is guiding for sales to decline in fiscal 2026 but reported a better fourth quarter than analysts had expected.The company behind fashion brands DKNY, Calvin Klein and Tommy Hilfiger posted a profit of $48.8 million, or $1.07 a share, for the quarter ended Jan. 31, up from $28.9 million, or 61 cents a share, in the same period a year earlier.Stripping out one-time items, adjusted earnings were $1.27 a share. 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Analysts had been projecting $3.22 billion, according to FactSet.Chief Executive Morris Goldfarb said the company's owned brands DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin should deliver strong sales going forward that offset lower sales in the Calvin Klein and Tommy Hilfiger businesses.For the first","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GIII":"G-III Apparel Group","III":"信息服务"},"translate_title":"G-III Apparel预计今年销售额将下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GIII":1,"III":1},"content_text":"By Dean Seal \n\n\n \n\n\n  G-III Apparel is guiding for sales to decline in fiscal 2026 but reported a better fourth quarter than analysts had expected. \n\n\n  The company behind fashion brands DKNY, Calvin Klein and Tommy Hilfiger posted a profit of $48.8 million, or $1.07 a share, for the quarter ended Jan. 31, up from $28.9 million, or 61 cents a share, in the same period a year earlier. \n\n\n  Stripping out one-time items, adjusted earnings were $1.27 a share. Analysts polled by FactSet had been expecting 97 cents a share. \n\n\n  Sales rose 9.8% during the quarter to $839.5 million, topping forecasts for $807.1 million, according to FactSet. \n\n\n  Shares rose 10% to $27.98 in premarket trading. \n\n\n  The company said it expects $4.15 to $4.25 a share in earnings for the fiscal year that started Feb. 1. That's below fiscal 2024's $4.20 a share, but above the consensus estimate of $4.10 from analysts polled by FactSet. \n\n\n  Sales, however, are expected to tick down to $3.14 billion from $3.18 billion last year. Analysts had been projecting $3.22 billion, according to FactSet. \n\n\n  Chief Executive Morris Goldfarb said the company's owned brands DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin should deliver strong sales going forward that offset lower sales in the Calvin Klein and Tommy Hilfiger businesses. \n\n\n  For the first quarter, G-III is targeting $580 million in sales, which is below current forecasts for $620 million. Earnings are expected to be 5 cents to 15 cents a share, compared with analyst estimates for 9 cents a share. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 13, 2025 08:23 ET (12:23 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1}}}