×
64 999
Fashion Jobs
MICHAEL KORS
Sales Supervisor
Permanent · Corpus Christi
NEIMAN MARCUS
Loss And Prevention Associate
Permanent · Houston
NORDSTROM
Asset Protection - Agent - Rivers Edge Rack
Permanent · Indianapolis
NORDSTROM
Asset Protection - Agent - Fulton Street Rack
Permanent · New York
NORDSTROM
Asset Protection - Security Ambassador - The Rim Rack
Permanent · San Antonio
NORDSTROM
Business Analyst 1st Shift Tuesday-Saturday Wcoc- Riverside, ca
Permanent · Riverside
MACY'S
Manager, Business Administration
Permanent · Miami
MACY'S
Manager, Business Administration
Permanent · Memphis
MACY'S
oc Support Business Analyst ii
Permanent · Deerfield Township
MACY'S
Asset Protection Detective, Oak Court - Part Time
Permanent · Memphis
MACY'S
Asset Protection Captain, Pentagon City - Full Time
Permanent · Arlington
MACY'S
Asset Protection Detective, Alderwood - Full Time
Permanent · Lynnwood
MACY'S
Manager, Business Administration
Permanent · Denver
BLOOMINGDALE'S
Manager, Sales - Mens And Young World
Permanent · Boca Raton
OLD NAVY
General Manager - Nashville West
Permanent · Nashville
OLD NAVY
Asset Protection Service Representative - Gosford Village
Permanent · Bakersfield
ULTA BEAUTY, INC.
CO - Sales Manager
Permanent · Springfield
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Redmond
LULULEMON
Assistant Manager, Operations | Legacy West
Permanent · Plano
LULULEMON
Assistant Manager, Operations | Clackamas
Permanent · Happy Valley
LULULEMON
Assistant Manager, Operations (Permanent) | San Luis Obispo
Permanent · San Luis Obispo
LULULEMON
Assistant Manager, Operations | Maryland Plaza
Permanent · St. Louis
Published
Dec 3, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

G-III reports 12% increase in net sales in Q3 FY16

Published
Dec 3, 2015

G-III Apparel Group, Ltd. announced strong growth in its operating results report for the third quarter FY2016. Net sales increased from $812 million in the third quarter of last year to $910 million. Even after a two-for-one stock split on May 1, 2015, the company’s non-GAAP net income per diluted share increased 20% from fiscal year 2015 third quarter results from $1.54 to $1.85.

G-III Andrew Marc company label - G-III Apparel Group, Ltd.


G-III Chairman, CEO and President Morris Goldfarb said of the results, “We are pleased to report a strong third quarter. Our organic sales and profit increase clearly differentiate us as a leader in our industry. We achieved this performance in a challenging market environment.” He also highlighted G-III’s diversification, strong brand portfolio and successful execution of company strategies, including the repurchase by the Board of 5,000,000 shares.

In response to strong third quarter results, the company revised its full fiscal year outlook. While the original forecast of $2.4 billion in net sales was unchanged, expected net income increased from $124-$131 million to $129-134 million. G-III anticipates non-GAAP net income per diluted share for the full 2016 fiscal year to increase between $2.65 and $2.80 compared to $2.26 for fiscal year 2015.

G-III is a leading manufacturer and distributor of women’s apparel ranging from sportswear to suits, as well as footwear, luggage and handbags and cold weather accessories. In addition to the company’s in house brands – Vilebrequin, Andrew Marc, and Marc New York – G-III has fashion licenses multiple designer fashion brands including Karl Lagerfeld, Jessica Simpson, Vince Camuto and Levi’s among others. G-III also has an extensive team sports business with licenses with the National Football League, National Basketball Association, National Hokey League, and several other major sports leagues.
 

Copyright © 2022 FashionNetwork.com All rights reserved.