BUZZ-G-III Apparel drops on lower-than-expected annual sales and profit forecasts** Shares of Donna Karan parent G-III Apparel Group GIII.O fall 2.61% to $26.53
** Company cuts FY net sales forecast to about $3.02 bln, below analysts' expectations of $3.13 bln, according to data compiled by LSEG
** Expects FY adj. EPS to be between $2.55 and $2.75, below analysts' expectations of $2.90 per share
** FY forecast reflects macro headwinds, cautious retail partner sentiment and a projected $155 mln tariff impact - G-III
** Company reports Q2 net sales of $613.3 mln and adj. EPS of $0.25, down from $644.8 mln and $0.52 per share, respectively, a year ago
** YTD, stock has fallen ~18%, including session's moves
(Reporting by Krisha Bhatt)
((Krisha.Bhatt@thomsonreuters.com;))
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