NEW YORK (AP) — NEW YORK (AP) — G-III Apparel Group Ltd. (GIII) on Thursday reported a loss of $31.9 million in its fiscal fourth quarter.
The New York-based company said it had a loss of 76 cents per share. Earnings, adjusted for one-time gains and costs, were 30 cents per share.
The clothing and accessories maker posted revenue of $771.5 million in the period.
For the year, the company reported profit of $67.4 million, or $1.51 per share. Revenue was reported as $2.96 billion.
For the current quarter ending in April, G-III Apparel expects its results to range from a loss of 40 cents per share to a loss of 30 cents per share.
The company said it expects revenue in the range of $530 million for the fiscal first quarter.
G-III Apparel expects full-year earnings in the range of $2 to $2.10 per share, with revenue expected to be $2.71 billion.
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