Investing.com - G-III Apparel reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
G-III Apparel announced earnings per share of $0.74 on revenue of $605.24M. Analysts polled by Investing.com anticipated EPS of $0.4506 on revenue of $596.14M.
G-III Apparel shares are down 32% from the beginning of the year, still down 43.86% from its 52 week high of $33.40 set on November 18, 2021. They are under-performing the Nasdaq which is down 25.68% from the start of the year.
G-III Apparel shares lost 5.49% in intra-day trade following the report.
G-III Apparel follows other major Consumer Discretionary sector earnings this month
G-III Apparel's report follows an earnings beat by Home Depot on August 16, who reported EPS of $5.05 on revenue of $43.79B, compared to forecasts EPS of $4.95 on revenue of $43.36B.
Lowe’s had beat expectations on August 17 with second quarter EPS of $4.67 on revenue of $27.48B, compared to forecast for EPS of $4.58 on revenue of $28.12B.
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