1 493
Fashion Jobs
AL TAYER GROUP
Buyer
Permanent · DUBAI
CHALHOUB GROUP
Merchandise Planner
Permanent · DUBAI
AL TAYER GROUP
Uae National Administration Coordinator Retail Corporate
Permanent ·
AL TAYER GROUP
Associate Planner
Permanent · DUBAI
A & F
Hollister CO. - Brand Representative, Dubai Outlet Mall
Permanent · DUBAI
A & F
Abercrombie & Fitch - Brand Representative, Dubai Outlet Mall
Permanent · DUBAI
MAJID AL FUTTAIM
Sales Executive - Horeca
Permanent · ABU DHABI
ADIDAS
Senior Manager Talent Partnering
Permanent · DUBAI
A & F
Abercrombie & Fitch CO. - Full-Time Brand Representative, Dubai (Emirati National)
Permanent · DUBAI
COTY
Regional Key Account Manager cb
Permanent · DUBAI
WHITE STUFF
Merchandise Planner - Fashion
Permanent · DUBAI
WHITE STUFF
Manager - Finance
Permanent · DUBAI
TIFFANY & CO
Accounts Payable Lead Mea
Permanent · ABU DHABI
HUDA BEAUTY
Commercial Manager - India
Permanent · DUBAI
WHITE STUFF
Information Security Grc Manager
Permanent · DUBAI
WHITE STUFF
Internal Audit Manager
Permanent · DUBAI
TALENT PAL
Information Security & Operations Senior Project Manager Chalhoub Group
Permanent · DUBAI
TALENT PAL
Retail Sales Executive Malabar Group
Permanent ·
CHALHOUB GROUP
Senior Project Manager 3d
Permanent · DUBAI
CHALHOUB GROUP
Associate Sustainability (Emiratisation)
Permanent · DUBAI
HUDA BEAUTY
Senior PR & Influencer Marketing Manager
Permanent · DUBAI
A & F
Abercrombie & Fitch CO. - Full-Time Brand Representative, Abu Dhabi (Emirati National)
Permanent · ABU DHABI
Published
Dec 7, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

G-III reports Q3 sales jump, raises guidance

Published
Dec 7, 2018

Following a strong second quarter, New York-based G-III Apparel Group announced on Thursday another sales gain for its third quarter, with net sales hitting $1.07 billion, up 4.7 percent, compared to $1.02 billion reported in the prior year period.

G-III reports Q3 sales jump, raises guidance. - Facebook: DKNY

 
The company behind DKNY, Donna Karan, Vilebrequin and G.H. Bass, saw net income for the third quarter of $94 million, or $1.86 per diluted share, up from $81.6 million, or $1.65 per diluted share, in the prior year’s comparable period.
 
Chairman and CEO Morris Goldfarb attributed the jump to a solid performance from its wholesale business. 

“In our largest shopping quarter, the continued momentum in our wholesale business enabled us to surpass our third quarter earnings guidance. We again demonstrated great ability to successfully leverage our five global power brands. Our products are set-up well across our channels of distribution for the important holiday season and we believe we will have a strong finish to the year,” Goldfarb said, in a news statement 
 
The group’s sales have flourished since acquiring the DKNY and Donna Karan brands from LVMH in 2016.
 
Most recently, earlier this month, DKNY also entered into a multi-year licensing agreement with The Swarovski Group to introduce a new international jewelry offering. The collection will be unveiled in March of 2019 and launched the following September.
 
As a result of the strong momentum during the quarter, G-III is raising its guidance for the full fiscal year ending January 31, 2019. The company now expects net sales of approximately $3.08 billion and net income between $132 million and $137 million, or between $2.59 and $2.69 per diluted share.
 
That’s compared to previously forecasted net sales of approximately $3.06 billion and net income between $125 million and $130 million, or between $2.45 and $2.55 per diluted share, for fiscal 2019.

Copyright © 2024 FashionNetwork.com All rights reserved.