G-III Apparel sees Q1 EPS (15c)-(5c), consensus 57c

For the first quarter of fiscal year 2024, the Company expects net sales of approximately $560M compared to $688.8M in the same period last year. Net loss for the first quarter of fiscal 2024 is expected to be in the range $(10.0) million and $(5.0) million, or $(0.20) and $(0.10) per share. This compares to net income of $30.6 million, or $0.62 per diluted share, in last year’s first quarter. Consensus for Q1 revenue is $694.88M.