Life Style

US clothing company G-III Apparel’s first-quarter 2010 sales increased 28% to $ 520 million

G-III Apparel Group, a U.S.-based branded apparel designer, had sales of $ 455.1 million in the first quarter of 2022, which ended on April 30, 2021. We reported an increase of 28.3% to $ 519.9 million. Same period of the previous fiscal year. The company’s net profit increased to $ 26.3 million (Q1 2009: loss of $ 39.3 million).

“We are pleased with the strong performance in the first quarter of this fiscal year. Week by week, sales of a wide range of lifestyle apparel such as sportswear, wear-to-workwear and dresses are accelerating, and North America We believe that these trends will show good signs for the rest of the year and give us confidence that we and our industry are heading for recovery. ” Said Morris Goldfarb, G-III Chairman and Chief Executive Officer, in a press release.

Gross profit for the first quarter of 2010 increased to $ 195.4 million ($ 124.4 million), and selling, general and administrative expenses were $ 141.6 million ($ 154.6 million). The company’s operating profit for the reported period was $ 46.8 million (operating loss: $ 43.2 million).

“Looking back at the difficult challenges posed by last year and the global pandemic, the power of G-III’s business to navigate this period effectively and adapt and succeed in any environment. Showing diversification is impressive. As the world reopens, we believe we are in a strong financial position and can fund growth domestically and internationally and take advantage of the opportunities that arise. ” Gold Farb concludes.

Fiber2Fashion News Desk (JL)

G-III Apparel Group, a U.S.-based branded apparel designer, had sales of $ 455.1 million in the first quarter of 2022, which ended on April 30, 2021. We reported an increase of 28.3% to $ 519.9 million. Same period of the previous fiscal year. The company’s net profit increased to $ 26.3 million (Q1 2009: loss of $ 39.3 million).



US clothing company G-III Apparel’s first-quarter 2010 sales increased 28% to $ 520 million

Source link US clothing company G-III Apparel’s first-quarter 2010 sales increased 28% to $ 520 million

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