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Article Date: December 2018
Word Count: 150

G-III Apparel Profits Gain on Lower Spending, Taxes


Net income increased 15% to $94,025,000 from $81,625,000 in the seasonally important fiscal third quarter ended Oct. 31 on 5 % higher revenues of $1,072,982,000 up from $1,024,993,000, driven by DKNY and Tommy Hilfiger and solid outerwear sales. Vilebrequin comps improved mid-single digits, with strength in all regions. Five pop-up shops in key cities drove awareness of the swimwear brand, and expansion plans are underway for China and the Middle East. Gross margin contracted 250 ... Log in to view full article.

 


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