Benzinga | Sep 9, 2020 07:30AM EDT

Recap: G-III Apparel Q2 Earnings

Shares of G-III Apparel Group (NASDAQ:GIII) were flat in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share came in at ($0.31), which may not compare to the estimate of ($0.77).

Revenue of $297,212,000 declined by 53.84% year over year, which missed the estimate of $327,390,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Sep 09, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/usa369m4

Technicals

52-week high: $34.42

Company's 52-week low was at $2.96

Price action over last quarter: down 25.51%

Company Overview

G-III Apparel Group Ltd is a textile company. It makes a wide range of apparel, footwear, and accessories that it sells under its own brands, licensed brands, and private-label brands. G-III has a substantial portfolio for licensed and proprietary brands, anchored by five global power brands: DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld. The company has two reportable operations: Wholesale Operations and Retail Operations. The Wholesale operations segment includes sales of products under brands licensed by us from third parties, as well as sales of products under its own brands and private label brands. The retail operations segment consists primarily of Wilsons Leather, G.H. Bass, and DKNY retail stores. It derives most of its revenues from Wholesale operations.