G-III Apparel reports Q3 EPS $2.78, consensus $2.06

Reports Q3 revenue $1.07B, consensus $1.13B. Morris Goldfarb, G-III’s chairman and CEO, said, “For the third quarter of fiscal 2024, we delivered strong profitability, well exceeding our earnings per diluted share guidance, driven by strength across our wholesale segment, our prudent inventory management and our financial discipline. Our solid year-to-date results showcase G-III’s ability to successfully navigate challenging market conditions and gives us the confidence to raise our full year earnings per share guidance.”