** Donna Karan parent G-III Apparel's shares down 2.79% at $30.77 premarket

** Co forecasts annual sales of $3.15 billion, below expectations and prior guidance of $3.20 billion owing to cautious consumer spending and impact from unseasonable weather

** Co posts Q3 net sales increase of 1.8% to $1.09 billion from a year ago, however missing estimates of $1.10 billion, according to data compiled by LSEG

** However, co raises annual net income forecast in the range of $185 million to $190 million from prior $179 million to $184 million

** G-III CEO, Morris Goldfarb says over 30% organic growth of brands DKNY, Karl Lagerfeld, Donna Karan and Vilebrequin drove quarterly earnings

** Co reports adjusted Q3 EPS per diluted share of $2.59, beating estimates of $2.27

** YTD stock down 7% as of last close

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))