Courtesy of Benzinga.
G-III Apparel Group Ltd (NASDAQ: GIII) reported upbeat first-quarter sales.
G-III Apparel reaffirmed its full-year forecast.
G-III Apparel posted a quarterly loss of $847,000, or $0.04 per share, versus a year-ago loss of $520,000, or $0.03 per share.
Its sales surged 16.5% to $229.4 million, versus analysts’ expectations of $213.4 million.
G-III Apparel shares closed at $24 yesterday.
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