G-III Apparel Group, Ltd. Provides Earnings Guidance for the Second Quarter of Year 2022 and Full Year Ending January 31, 2022
June 07, 2021 at 07:00 am EDT
Share
G-III Apparel Group, Ltd. provided earnings guidance for the second quarter of year 2022 and full year ending January 31, 2022. For the second quarter, the company expects net sales of approximately $460 million, which compares to $297.2 million in the same period last year. Net income is expected to be in the range of $0.03 and $0.13 per diluted share.
For the year, the company is forecasting net sales of approximately $2.57 billion which compares to $2.06 billion last year. Net income for fiscal 2022 is expected to be between $125 million and $135 million, or between $2.60 and $2.70 per diluted share.
G-III Apparel Group, Ltd. designs, sources and markets a range of apparel, including outerwear, dresses, sportswear, swimwear, womenâs suits and womenâs performance wear, as well as womenâs handbags, footwear, small leather goods, cold weather accessories and luggage. Its segments include wholesale operations and retail operations. The wholesale operations segment includes sales of products to retailers under owned, licensed and private label brands, as well as sales related to the Vilebrequin and Karl Lagerfeld businesses, other than sales of products under the Karl Lagerfeld Paris brand from its retail stores and digital outlets. The retail operations segment consists primarily of direct sales to consumers through its Company-operated stores and through digital channels. Its Company-operated retail channels consist primarily of DKNY and Karl Lagerfeld Paris stores, as well as the digital channels for DKNY, Donna Karan, Karl Lagerfeld Paris, G.H. Bass, Andrew Marc and Wilsons Leather.
G-III APPAREL GROUP, LTD. 
