G-III Apparel Group (NASDAQ:GIII) soared in early trading after sailing past consensus estimates with its FQ2 earnings report.
Sales increased 9% during the quarter to $659.8M. Net income was $16.4M vs. $36.3M a year ago. EPS was $0.40 vs. $0.39 a year ago and $0.01 consensus. The New York-based apparel company ended the quarter with an inventory position of $804.9M vs. $1.04B a year ago.
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