Stock Track | G-III Apparel Plunges 5.79% as Weak Sales Outlook Overshadows Earnings Beat

Stock Track

Dec 10, 2024

G-III Apparel Group's (GIII) stock plummeted 5.79% in pre-market trading on Tuesday, as the fashion conglomerate's weak sales outlook for fiscal 2025 overshadowed its better-than-expected earnings for the fiscal third quarter.

While the company reported adjusted earnings per share of $2.59 for the quarter ended October 31, surpassing analysts' estimates of $2.28, its revenue of $1.09 billion fell short of expectations and grew only 1.8% year-over-year.

The major setback for G-III Apparel was its lowered net sales guidance for fiscal 2025. The company now expects annual sales of around $3.15 billion, down from its previous guidance of $3.20 billion and below analysts' estimates of $3.20 billion. G-III Apparel cited cautious consumer spending and the impact of unseasonable weather as factors behind the reduced sales outlook.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1159105956"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1159105956\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1159105956?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-10 22:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1159105956","market":"us","top_or_hot":-1,"title":"Stock Track | G-III Apparel Plunges 5.79% as Weak Sales Outlook Overshadows Earnings Beat","media":"Stock Track","content":"<p>G-III Apparel Group's (GIII) stock plummeted 5.79% in pre-market trading on Tuesday, as the fashion conglomerate's weak sales outlook for fiscal 2025 overshadowed its better-than-expected earnings for the fiscal third quarter.</p>\n\n<p>While the company reported adjusted earnings per share of $2.59 for the quarter ended October 31, surpassing analysts' estimates of $2.28, its revenue of $1.09 billion fell short of expectations and grew only 1.8% year-over-year.</p>\n\n<p>The major setback for G-III Apparel was its lowered net sales guidance for fiscal 2025. The company now expects annual sales of around $3.15 billion, down from its previous guidance of $3.20 billion and below analysts' estimates of $3.20 billion. G-III Apparel cited cautious consumer spending and the impact of unseasonable weather as factors behind the reduced sales outlook.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | G-III Apparel Plunges 5.79% as Weak Sales Outlook Overshadows Earnings Beat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | G-III Apparel Plunges 5.79% as Weak Sales Outlook Overshadows Earnings Beat\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-12-10 22:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>G-III Apparel Group's (GIII) stock plummeted 5.79% in pre-market trading on Tuesday, as the fashion conglomerate's weak sales outlook for fiscal 2025 overshadowed its better-than-expected earnings for the fiscal third quarter.</p>\n\n<p>While the company reported adjusted earnings per share of $2.59 for the quarter ended October 31, surpassing analysts' estimates of $2.28, its revenue of $1.09 billion fell short of expectations and grew only 1.8% year-over-year.</p>\n\n<p>The major setback for G-III Apparel was its lowered net sales guidance for fiscal 2025. The company now expects annual sales of around $3.15 billion, down from its previous guidance of $3.20 billion and below analysts' estimates of $3.20 billion. G-III Apparel cited cautious consumer spending and the impact of unseasonable weather as factors behind the reduced sales outlook.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GIII","symbol_name":"G-III Apparel Group","start_time":0,"source_url":"","article_id":"1159105956","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1159105956","pubTimestamp":1733841156,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"G-III Apparel Group's  stock plummeted 5.79% in pre-market trading on Tuesday, as the fashion conglomerate's weak sales outlook for fiscal 2025 overshadowed its better-than-expected earnings for the fiscal third quarter.While the company reported adjusted earnings per share of $2.59 for the quarter ended October 31, surpassing analysts' estimates of $2.28, its revenue of $1.09 billion fell short of expectations and grew only 1.8% year-over-year.The major setback for G-III Apparel was its lowered","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GIII":"G-III Apparel Group"},"translate_title":"由于疲软的销售前景盖过盈利预期，G-III服装股票暴跌5.79%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GIII":1},"content_text":"G-III Apparel Group's (GIII) stock plummeted 5.79% in pre-market trading on Tuesday, as the fashion conglomerate's weak sales outlook for fiscal 2025 overshadowed its better-than-expected earnings for the fiscal third quarter.\nWhile the company reported adjusted earnings per share of $2.59 for the quarter ended October 31, surpassing analysts' estimates of $2.28, its revenue of $1.09 billion fell short of expectations and grew only 1.8% year-over-year.\nThe major setback for G-III Apparel was its lowered net sales guidance for fiscal 2025. The company now expects annual sales of around $3.15 billion, down from its previous guidance of $3.20 billion and below analysts' estimates of $3.20 billion. G-III Apparel cited cautious consumer spending and the impact of unseasonable weather as factors behind the reduced sales outlook.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}