earnings
confidence high
sentiment positive
materiality 0.80
G-III Apparel Q1 beats; raises FY2023 guidance to $3.24B sales, $4.23-$4.33 EPS
G III APPAREL GROUP LTD /DE/
2022-Q1 EPS reported
$0.62
revenue$688,757,000
- Q1 net sales $688.8M (+32.5% YoY); GAAP EPS $0.62; non-GAAP EPS $0.72.
- Net income $30.6M vs $26.3M last year; non-GAAP net income $35.9M.
- FY2023 guidance raised: net sales ~$3.24B, net income $205M-$215M ($4.23-$4.33 diluted EPS).
- Q2 guidance: net sales ~$600M, EPS $0.42-$0.52; non-GAAP EPS $0.45-$0.55.
- Karl Lagerfeld acquisition contributed ~$140M sales, $0.10 EPS for seven months.