Tuesday, April 11, 2017

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The Company's revenue numbers missed analysts' consensus of $624.6 million. G-III Apparel's gross margin was 32.8% compared to 33.9% in the prior year's fourth quarter. The gross margin percentage in the Company's wholesale operation segment was 26% compared to 24.7% in last year's same quarter. The gross margin percentage in the Company's retail operation segment was 41.8% compared to 45.9% in the prior year's comparable quarter. G-III Apparel reported Q4 FY17 net loss of $20.1 million, or $0.42 per share, compared to net income of $8.0 million, or $0.16 per diluted share, in the fourth quarter of last year. On an adjusted basis, for the reported quarter, excluding, professional fees of $5.2 million, non-cash imputed interest expense of $1.0 million, severance of $3.9 million and asset impairments of $10.5 million equal to $0.26 per share, non-GAAP net loss was $0.16 per share for Q4 FY17 compared to non-GAAP net income per diluted share of $0.17 in Q4 FY16. The Company's reported numbers fell short of Wall Street's estimates of $0.09 per share. Yearly Results G-III Apparel's net sales for the fiscal year ended January 31, 2017 were up 1.8% to $2.39 billion from $2.34 billion in the prior year. Growth over the prior year was primarily the result of increases in the Company's wholesale non-outerwear business and เสื้อครอบครัว สวย ๆ สีดำ net sales from the Donna Karan International ("DKI") business in the last two months of the fiscal year and was offset, in part, by softer demand for outerwear and a decline in net sales of the Company's retail businesses. G-III Apparel reported GAAP net income for FY17 of $51.9 million, or $1.10 per diluted share, compared to $114.3 million, or $2.46 per diluted share, in the prior year. On an adjusted basis, non-GAAP net income per diluted share for the full fiscal 2017 year decreased to $1.42 from $2.44 in the prior fiscal year.

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"Yet Canadians displayed a strength of character and commitment to one another that is still evident today. "They did not waver. This was Canada at its best. The Canadians at Vimy embodied the true north, strong and free." Image copyright PA Image caption Boots were laid at the site on Sunday to represent the Canadians killed in battle Vimy Ridge was an engagement during the Battle Of Arras, which lasted from 9 April to 16 May 1917 and involved British, Canadian and Australian troops. About 159,000 allied troops were killed, wounded or missing in the Battle of Arras. Mr Trudeau also paid tribute to those who fought, saying: "The burden, they bore. And, the country they made. "Because this, too, is why we're here. Why we remember." He said the monument was "symbolic of Canada's birth and our enduring commitment to peace", adding: "One hundred years เสื้อครอบครัว สวย ๆ ราคา later, we must say this, together. And we must believe it: Never again." Image copyright AFP Image caption Justin Trudeau and Francois Hollande in the Canadian military cemetery in Vimy Scotland's First Minister Nicola Sturgeon is also in France for the commemorations in recognition of the 18,000 Scottish soldiers who died in the wider offensive.

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