Why Donna Karan Brand Parent G-III Apparel Shares Are Sliding Today

Why Donna Karan Brand Parent G-III Apparel Shares Are Sliding Today

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DKNY and Donna Karan owner G-III Apparel Group GIII reported a third-quarter FY24 sales decline of 1% year-on-year to $1.07 billion, missing the analyst consensus of $1.13 billion. The gross profit rose 25.8% Y/Y to $433.41 million. Adjusted EPS of $2.78 beat the analyst consensus of $2.06. The…

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