| 2016-12-01 16:22:01|
GIII 16:22 12/01 12/01/16
G-III Apparel cuts FY17 adjusted EPS view to $1.86-$1.96 from $2.16-$2.26
Consensus $2.11. Cuts FY17 revenue view to about $2.43B from $2.48B, consensus $2.46B. The Company is now projecting adjusted EBITDA for fiscal 2017 of between approximately $163 million and $171 million compared to adjusted EBITDA of $210.1 million in fiscal 2016 and to its previous forecast of adjusted EBITDA of between approximately $199 million and $206 million. The current projection includes estimated operating losses of $14 million from the acquisition, but excludes professional fees associated with the acquisition of Donna Karan.