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Article Date: June 2019
Word Count: 185

G-III Results Gain as it Girds for Tariffs


Net income increased 22% to $12,043,000 in the first quarter ended Apr. 30 from $9,885,000 last year on 4% higher revenues of $633,552,000 up from $611,743,000. Gross margin narrowed 110 basis points to 37.3% and SG&A was flat in dollars but leveraged 120 basis points to 31.9% on the higher sales. G-III results were driven as usual by its fashion brands Calvin Klein, DKNY and Hilfiger, but the Vilebrequin swimwear brand comped up mid-single digits. The team licensed business “missed a little bit” but no further details were given. GIII is forecasting full-year ... Log in to view full article.

 


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