NEW YORK (AP) — NEW YORK (AP) — G-III Apparel Group Ltd. (GIII) on Thursday reported profit of $48.8 million in its fiscal fourth quarter.
On a per-share basis, the New York-based company said it had net income of $1.07. Earnings, adjusted for one-time gains and costs, came to $1.27 per share.
The clothing and accessories maker posted revenue of $839.5 million in the period.
For the year, the company reported profit of $193.6 million, or $4.20 per share. Revenue was reported as $3.18 billion.
For the current quarter ending in April, G-III Apparel said it expects revenue in the range of $580 million.
The company expects full-year earnings in the range of $4.15 to $4.25 per share, with revenue expected to be $3.14 billion.
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