=G-III Apparel (GIII) reported earnings on Mon 27 March 2017 (b/o)

G-III Apparel misses by $0.04, misses on revs; guides Q1 EPS and rev below consensus; guides FY18 EPS and rev below consensus :

• Reports Q4 (Jan) loss of $0.16 per share, excluding non-recurring items, $0.04 worse than the Capital IQ Consensus of ($0.12); revenues rose 14.4% year/year to $603.3 mln vs the $622.76 mln Capital IQ Consensus. The year-over-year increase in net sales in the fourth quarter reflects strength in the Company's non-outerwear wholesale business, including new product launches, as well as the inclusion of approximately $29.0 million of net sales from the DKI business in the last two months of the quarter. These increases were partially offset by declines in net sales of the Company's retail businesses. 
• Co issues downside guidance for Q1, sees EPS of ($0.35-0.45), excluding non-recurring items, vs. ($0.09) Capital IQ Consensus Estimate; sees Q1 revs of ~$500 mln vs. $555.50 mln Capital IQ Consensus Estimate.
• Co issues downside guidance for FY18, sees EPS of $0.99-1.09, excluding non-recurring items, vs. $1.34 Capital IQ Consensus Estimate; sees FY18 revs of $2.73 bln vs. $2.88 bln Capital IQ Consensus Estimate. 
• "Our non-outerwear wholesale business performed well in the face of significant headwinds as the traditional retail environment has become increasingly disrupted as a result of evolving consumer buying behavior and continued penetration of e-commerce. We expect to initiate a number of new product launches in the coming year as we seek to offer superior value in the marketplace. While our near-term financial outlook reflects the dilutive impact of our recent acquisition of Donna Karan, we believe the mid-year re-launch of the DKNY and Donna Karan brands will have a positive impact in the second half of the year. We are confident that we have one of the most desirable portfolios of brands in the industry and that DKNY and Donna Karan will quickly take their place alongside Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld as the cornerstone brands for the growth of our business."
• Macy's (M) will serve, beginning February 2018, as the exclusive U.S. department store for sales of DKNY women's apparel and accessories.