G-III Apparel Q3 EPS $2.74 beats guidance; raises FY2024 outlook; appoints new COO

G III APPAREL GROUP LTD /DE/

2023-Q3 EPS reported $3.13 revenue$2,333,460,000

Q3 net sales $1.07B (-1% YoY); GAAP EPS $2.74 vs $1.26; non-GAAP EPS $2.78 vs $1.35.
Raises FY2024 guidance: GAAP EPS $3.75-$3.85, non-GAAP EPS $3.90-$4.00, net sales ~$3.15B.
Appoints Dana Perlman as Chief Growth & Operations Officer effective Jan 8, 2024.
Strategic growth initiatives: Donna Karan expansion, Nautica license, Halston global license, Champion outerwear license.
FY2024 adjusted EBITDA guided $317M-$322M vs $266.1M in FY2023; strong balance sheet cited.

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