Sign In
Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
GIII.US
id: 966, Created by , Scout

G-III (GIII) Weak Results For Q3’ 22 Case

  • In Nov 2022, G-III disclosed adverse impact of logistical challenges on its EPS.
  • On it, $GIII fell 44.7%, losing $441M+ of shareholder value.
  • Investors may have grounds to suspect G-III of operational problems.
On November 30, 2022, G-III announced Q3’ 22 operating results, with significant unexpected logistics-related charges adversely impacting its bottom line by approximately $0.40 per diluted share.

On this news, $GIII fell 44.7% and lost over $441 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that G-III and its executives failed to prevent operational setbacks, which consequently led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
01 December 2022
Collecting participants…

G-III Apparel Group Ltd

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retai...

    Ticker
    GIII.US
    ISIN
    US36237H1014
    CIK
    821002
    Sector
    Consumer Cyclical
    Industry
    Apparel Manufacturing
    Country
    USA
    Address
    512 Seventh Avenue, New York, NY, United States, 10018