giii apparel group has raised its annual sales and earnings forecasts for the year after a betterthanexpected first quarter the company behind fashion brands dkny calvin klein and tommy hilfiger said it now expects 329 billion in sales for fiscal 2024 up from its prior estimate for sales to be flat at 323 billion 2024 earnings are now projected to be 125 million to 130 million or between 265 and 275 a share the company previously guided for an annual profit of 117 million to 122 million for the year or between 240 and 250 a share adjusted earnings for the year which strip out onetime items are now expected to be 280 to 290 a share up from a prior forecast for 255 to 265 a share the revised guidance takes into account the expected impact of current inflation levels and incremental costs related to managing higher levels of inventory giii apparel said shares initially rose as much as 20 in premarket trading tuesday after the company released its firstquarter results and raised its 2024 guidance before they declined 24 to 16