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Apr 30, 2020
G-III Apparel Q1 2021 Earnings Report
G-III Apparel's Q1 2021 results were announced, revealing a decrease in net sales but strong financial flexibility and liquidity.
Key Takeaways
G-III Apparel Group reported a decrease in net sales by 36.1% to $405.1 million compared to the same period last year. The company experienced a GAAP net loss of $39.3 million, or $(0.82) per share, and a non-GAAP net loss per share of $(0.75). The company is not providing any guidance due to the fluidity of the pandemic.
Net sales decreased by 36.1% to $405.1 million.
GAAP net loss was $39.3 million, or $(0.82) per share.
Non-GAAP net loss per share was $(0.75).
The company announced the restructuring of its retail operations.
Forward Guidance
The company is not currently providing any guidance due to the fluid developments associated with the pandemic, making it difficult to forecast the impact on net sales, results of operations, and supply chain for fiscal 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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