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UPDATE: G-III Apparel Posts Upbeat Q1 Sales, Reaffirms Full-Year Forecast

By Insider Scoop
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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.

For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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