-=G-III Apparel (GIII) reported earnings on Thur 5 Sept 19 (b/o)

G-III Apparel beats by $0.01, misses on revs; guides Q3 EPS below consensus, revs above consensus; guides FY20 EPS in-line, revs above consensus

Reports Q2 (Jul) earnings of $0.23 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of $0.22; revenues rose 3.1% year/year to $643.9 mln vs the $656.16 mln S&P Capital IQ Consensus.

Co issues mixed guidance for Q3, sees EPS of $1.87-1.97, excluding non-recurring items, vs. $2.12 S&P Capital IQ Consensus; sees Q3 revs of ~$1.17 bln vs. $1.15 bln S&P Capital IQ Consensus.

Co issues guidance for FY20, sees EPS of ~$3.15-3.25, excluding non-recurring items, vs. $3.17 S&P Capital IQ Consensus; sees FY20 revs of ~$3.3 bln vs. $3.25 bln S&P Capital IQ Consensus.