GIII reports Q2 earnings beat; Marc Jacobs acquisition completed
GIII’s second-quarter earnings surpassed guidance, aided by gross margin expansion and disciplined expense management despite a 10% sales decline from license exits. Marc Jacobs acquisition was completed, expanding its owned brand portfolio for long-term growth.
Second quarter earnings surpassed guidance, driven by gross margin expansion and disciplined expense management, despite a 10% sales decline due to license exits.
The Marc Jacobs acquisition was completed, expanding the owned brand portfolio and setting up for long-term growth.
Guidance for fiscal…