G-III Apparel Group, LTD. (NASDAQ:GIII) reported second-quarter adjusted earnings per share of 52 cents, beating the analyst consensus of 27 cents.
Quarterly revenues of $644.75 million (down 2%) missed the street view of $649.44 million.
Inventories decreased 24% to $610.5 million at the end of this year’s second quarter compared to $804.9 million in the second quarter of last year.
In the press release, G-III said it has secured a licensing agreement with Converse, Inc. to design and ...
