G-III raises FY19 outlook on strong Q2 results

Net sales in the second quarter of fiscal 2019 at G-III Apparel Group increased 16.1 percent to 624.7 million dollars. The company reported net income of 10.1 million dollars or 0.20 dollar per diluted share for the second quarter compared to a net loss of 8.6 million dollars or 0.18 dollar per share, in the prior year’s comparable period. Non-GAAP net income per diluted share, the company said, was 0.22 dollar compared to a net loss of 0.15 dollar per share in the same period last year.