×
52
Fashion Jobs
SHISEIDO
Nars Account Manager- Brown Thomas, Cork (37.5 Hours)
Permanent · Cork City
SHISEIDO
Nars Counter Manager - bt2 Blanchardstown (37.5 Hours)
Permanent · Dublin
RITUALS
Sales Advisor - Liffey Valley (24 Hours)
Permanent · Lucan
RITUALS
Assistant Counter Manager - Arnotts Dublin
Permanent · Dublin 1
TAPESTRY
Sales Associate Iii - ce ir Kildare (11-19 Hours)
Permanent · Kildare
SHISEIDO
Nars Makeup Artist - Brown Thomas Dublin (37.5 Hours)
Permanent · Dublin
SHISEIDO
Nars Assistant Manager - Brown Thomas Cork (37.5 Hours)
Permanent · Cork
SHISEIDO
Nars Makeup Artist - Brown Thomas Galway (3 Month Ftc, 22.5 Hours)
Fixed-term · Galway
SHISEIDO
Nars Makeup Artist - Brown Thomas Cork (30 Hours)
Permanent · Cork
SHISEIDO
Nars Makeup Artist - Brown Thomas Dublin (15 Hours)
Permanent · Dublin
LULULEMON
Store Manager | Dublin Grafton Street
Permanent · Dublin
LULULEMON
Store Manager | Dublin Brown Thomas
Permanent · Dublin
LULULEMON
Key Leader | Brown Thomas Cork
Permanent · Cork
SHISEIDO
Nars Makeup Artist - Brown Thomas Limerick (15 Hours)
Permanent · Limerick
TK MAXX
10014-Associate
Permanent · Dublin
LEVI'S
p/t Sales Associate With Mid w Availability
Permanent · Dublin
LEVI'S
Keyholder 20+ pw
Permanent · Dublin
TK MAXX
10014-Associate
Permanent · Galway
TK MAXX
10014-Associate
Permanent · Mullingar
LULULEMON
Educator Part Time | Brown Thomas Cork
Permanent · Cork
LULULEMON
Educator Full Time | Brown Thomas Cork
Permanent · Cork
TK MAXX
10014-Associate
Permanent · Dublin
Published
Sep 5, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

G-III posts 3% sales rise; crops full-year guidance

Published
Sep 5, 2019

G-III Apparel Group, Ltd., the owner of brands including DKNY, Donna Karan and Andrew Marc, announced moderate increases in sales and income for the second quarter ended July 31, 2019 on Thursday, but revised down its full-year earnings guidance in the face of mounting tariffs.


Along with its portfolio of company-owned brands, G-III also boasts licenses with the likes of Calvin Klein, Tommy Hilfiger and Karl Lagerfeld Paris - Instagram: @dkny

 
The New York-based company’s net sales increased 3.1% to $643.9 million in Q2, up from $624.7 million in the prior-year period. Growth was particularly strong in the apparel group’s wholesale segment, where sales rose 8.1% to $588.6 million.
 
G-III’s net income for the quarter totaled $11.1 million, or $0.23 per diluted share, compared to $10.1 million, or $0.20 per diluted share, in the same period in the previous year.

Year to date, the company’s net sales rose 3.3%, from $1.24 billion to $1.28 billion, while net income came to $23.2 million, or $0.47 per diluted share, up from $20.0 million, or $0.40 per diluted share, in the first six months of the previous year.
 
“We are pleased to report second quarter results that met our expectations and were fueled by continued outperformance in our wholesale business enabling us to navigate the ever-changing retail landscape,” said G-III Chairman and CEO Morris Goldfarb in a release. “However, based on the additional tariffs that were just implemented, we feel it is prudent to revise our guidance to a more conservative posture for the remainder of this fiscal year.”
 
In line with Goldfarb’s comments, G-III reported that it now expects to see net income of between $154 million and $159 million, or between $3.10 and $3.20 per diluted share, in fiscal 2020, down from its previously reported guidance of between $3.25 and $3.35 per share.
 
The company did, however, slightly increase its full-year sales guidance from $3.28 billion to approximately $3.30 billion.
 
Currently, G-III is forecasting net sales of approximately $1.17 billion for the third quarter, with net income expected to total between $90.0 million and $95.0 million, or between $1.85 and $1.95 per diluted share.

Copyright © 2022 FashionNetwork.com All rights reserved.