G-III Apparel Group Ltd. said its normalized net income for the fiscal third quarter ended Oct. 31 was $1.85 per share, compared with the S&P Capital IQ consensus estimate of $1.78 per share.
EPS rose 19.9% year over year from $1.54.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $85.9 million, an increase of 22.0% from $70.4 million in the year-earlier period.
The normalized profit margin increased to 9.4% from 8.7% in the year-earlier period.
Total revenue grew 12.0% on an annual basis to $909.9 million from $812.3 million, and total operating expenses grew 10.2% on an annual basis to $770.5 million from $699.0 million.
Reported net income increased 8.1% from the prior-year period to $87.0 million, or $1.87 per share, from $80.5 million, or $1.76 per share.