(Il Sole 24 Ore Radiocor) - Milano, 5 giu - fashion company G-III Apparel lifted its full-year earnings guidance nearly a month after it announced it was buying Marc Jacobs.

The New-York based company said it now expects its full-year adjusted earnings to be 2.15-2.25 dollars per share compared to a previous 2.002.10.

It confirmed its full-year sales guidance of 2.71 billion dollars.

CEO Morris Goldfarb said he was very pleased with first quarter results.

"The quarter was better than expected with both our net sales and earnings coming in ahead of guidance... Based on our strong first quarter results, we are raising our earnings guidance for fiscal 2027." G-III acquired Marc Jacobs in a joint venture with WHP Global last month.

The fashion company said its net income in the first quarter was 66.5 million dollars, or 1.50 dollars per share, compared to 7.8 million, or 0.17 per share, in the same period last year. The adjusted loss per share was 0.21 dollars.

Revenue in the three months ended April 30 fell 8% to 536.0.

million dollars.

(RADIOCOR) 05-06-26 18:40:57 (0570) 5 NNNN