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Why G-III Apparel Stock Popped Today

TheMotleyFool

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Shares of G-III Apparel (NASDAQ: GIII) have popped today, up by 12% as of 1 p.m. EDT, after the company reported first-quarter earnings. The apparel specialist also said it would restructure its retail operations.

Revenue in the fiscal first quarter came in at $405.1 million, missing the consensus estimate of $407.8 million in sales. That translated into an adjusted net loss of $36 million, or $0.75 per share. Analysts were expecting the apparel maker to lose $0.67 per share on an adjusted basis.

Image source: Getty Images.

Source Fool.com

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