The Latest Breaking News from GIII

The athletics and recreation industry is thriving as a result of changing fitness trends and the integration of technology to provide diverse fitness experiences. In light of this, investing in robust recreation stocks G-III Apparel (GIII), Escalade, Incorporated (ESCA), and Vista Outdoor (VSTO) this year could be wise. Read on….

G-III Apparel raised full fiscal year earnings expectations Tuesday.

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.67%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -1.20%, both at 1-week lows. Stock indexes this morning are moderately lower. Apple is down more than -2% in pre-market trading to lead technology stocks lower...

G-III Apparel Group Ltd (NASDAQ:GIII) reported first-quarter FY23 sales growth of 32.5% year-on-year to $688.76 million, beating the consensus of $589.73 million. The gross profit rose 25.9% Y/Y to $246 million, with the margin contracting 190 basis points to 35.7%. The operating margin was 7.9%, and operating income for the quarter rose 16.5%…