G-III Apparel Group (NASDAQ: GIII)
The Numbers
Yesterday, G-III Apparel Group announced earnings after the close that beat analyst earnings expectations for their fiscal Q1 2015 report. While you may not know the name G-III apparel, let me name a few names that you likely know that you may better understand just who this company is, who they own, and how important they are to the apparel industry. Calvin Klein, Dockers, Levi’s, Nine West, Tommy Hilfiger and many more. Ok, now you know this company, right? I thought you might.
G-III beat across the board on earnings and revenue guidance by a hefty percentage amount.. G-III reported its first-quarter earnings surged to $6.8 million from $1.1 million a year ago. On a per share basis, the company earned 15 cents a share, ahead of 7 cents a share forecast by analysts. Revenue also grew to $433 million from $366.2 million. G-III also raised its 2016 earnings-per-share forecast to a range of $2.66 to $2.76 versus $2.53 to $2.63. The stock traded up $1.92 or 3.3% in regular trading during Tuesday, June 2nd and its soared an additional 7.06% to $64.33 in heavy trading in the after market.
G-III Chart
Below, please see a weekly chart for G-III from late 2012 to the present. It has risen an unbelievable 400% from roughly $15 to $60, despite a fledgling economy, unemployment and recession thru-out many of these years. Note the green upward slanting trend line which has not been violated in years; an indicator of strong growth and earnings performance.
So, the next time you find yourself in a nearby shopping mall, you will now know who just might own that company in one way shape or form as you admire and purchase their apparel and accessories.
About G-III Apparel
G-III Apparel Group, Ltd. designs, manufactures, and markets womens and mens apparel. It operates through three segments: Licensed Products, Non-Licensed Products, and Retail Operations. The companys products include outerwear, dresses, sportswear, swimwear, womens suits, and womens performance wear. It also markets footwear, luggage and womens handbags, small leather goods, and cold weather accessories. The company markets its apparel and other products under proprietary brands, such as the Andrew Marc, Marc New York, Vilebrequin, Bass, G.H. Bass, Black Rivet, Wilsons, Eliza J, Jessica Howard, G-III Sports by Carl Banks, and G-III for Her. G-III Apparel Group, Ltd. also licenses its products under the Calvin Klein, ck Calvin Klein, Guess, Guess?, Kenneth Cole NY, Reaction Kenneth Cole, Cole Haan, Levi’s, Vince Camuto, Tommy Hilfiger, Jessica Simpson, Ivanka Trump, Jones New York, Ellen Tracy, Kensie, Dockers, and Mac & Jac brands, as well as have licenses with the National Football League, Major League Baseball, National Basketball Association, National Hockey League, Touch by Alyssa Milano, Collegiate Licensing Company, Major League Soccer, and colleges and universities. The company offers its products to department, specialty, and mass merchant retail stores, as well as upper tier stores and catalogs primarily in the United States, Canada, Europe, and the Far East. As of January 31, 2015, it operated 185 Wilsons Leather stores, 156 G.H. Bass stores, and 5 Calvin Klein performance stores. In addition, the company sells its products through Wilsons Leather, G.H. Bass, Andrew Marc, and Vilebrequin Websites. G-III Apparel Group, Ltd. was founded in 1956 and is based in New York, New York. – Yahoo Finance!
