American firm G-III Apparel’s sales at $3.10 bn in FY24

G-III Apparel Group saw a 4 per cent decrease in FY24 sales to $3.10 billion from $3.23 billion the previous year, but net income improved to $176.2 million from a $133.1 million loss.
Non-GAAP net income per diluted share increased to $4.04.
The company’s Q4 FY24 sales dropped 10.5 per cent to $764.8 million, yet net income was $28.9 million.

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