[Executive Summary & Business Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Business%20Highlights) This section outlines the company's strategic execution in fiscal 2024, focusing on brand growth and financial strength [CEO's Statement and Strategic Overview](index=1&type=section&id=CEO's%20Statement%20and%20Strategic%20Overview) The CEO highlights strong fiscal 2024 profitability driven by owned brands, a solid financial position, and strategic growth initiatives for fiscal 2025 - Penetration of higher-margin, owned brands (DKNY, Karl Lagerfeld, Vilebrequin) increased to **47% of fiscal 2024 net sales**, up from 40% in the prior year[4](index=4&type=chunk) - The company ended fiscal year 2024 in a **net cash position of $90.0 million** with over **$1.0 billion in liquidity**[4](index=4&type=chunk)[6](index=6&type=chunk) - New growth initiatives for fiscal 2025 include the successful launch of the **Donna Karan brand** and the development of **Nautica, Halston, and Champion outerwear**[4](index=4&type=chunk) - Future plans involve significant investment in **global marketing, talent, and technology** to support brand launches and enhance operational capabilities[4](index=4&type=chunk) [Results of Operations](index=1&type=section&id=Results%20of%20Operations) This section details the company's financial performance for the fourth quarter and full fiscal year 2024 compared to the prior year [Fourth Quarter Fiscal 2024](index=1&type=section&id=Fourth%20Quarter%20Fiscal%202024) Fourth quarter sales declined, but profitability significantly improved from a net loss to a net income, absent a prior-year impairment charge Q4 Fiscal 2024 vs. Q4 Fiscal 2023 Performance | Metric | Q4 FY2024 | Q4 FY2023 | Change | | :--- | :--- | :--- | :--- | | Net Sales | $764.8M | $854.4M | -10.5% | | Net Income (Loss) | $28.9M | $(261.1)M | N/A | | Diluted EPS | $0.61 | $(5.54) | N/A | | Non-GAAP Diluted EPS | $0.76 | $0.41 | +85.4% | - The prior year's fourth-quarter results included a substantial **non-cash goodwill impairment charge of $291.5 million**, net of tax, or $6.19 per share[5](index=5&type=chunk) [Full-Year Fiscal 2024](index=2&type=section&id=Full-Year%20Fiscal%202024) Full-year sales decreased modestly while net income recovered strongly from a prior-year loss, complemented by a 27% reduction in inventories Full-Year Fiscal 2024 vs. Fiscal 2023 Performance | Metric | FY 2024 | FY 2023 | Change | | :--- | :--- | :--- | :--- | | Net Sales | $3.10B | $3.23B | -4.0% | | Net Income (Loss) | $176.2M | $(133.1)M | N/A | | Diluted EPS | $3.75 | $(2.79) | N/A | | Non-GAAP Diluted EPS | $4.04 | $2.85 | +41.8% | - **Inventories decreased by 27%** compared to the end of the prior fiscal year[6](index=6&type=chunk) [Outlook](index=3&type=section&id=Outlook) This section presents the company's financial guidance for the upcoming first quarter and full fiscal year 2025 [Fiscal 2025 Full-Year Guidance](index=3&type=section&id=Fiscal%202025%20Full-Year%20Guidance) The company projects fiscal 2025 net sales of approximately $3.20 billion, with net income guidance reflecting significant marketing investments Fiscal 2025 Full-Year Guidance | Metric | FY2025 Guidance | FY2024 Actual | | :--- | :--- | :--- | | Net Sales | ~$3.20B | $3.10B | | Net Income | $167.0M - $172.0M | $176.2M | | Diluted EPS | $3.50 - $3.60 | $3.75 | | Non-GAAP Net Income | $167.0M - $172.0M | $189.8M | | Non-GAAP Diluted EPS | $3.50 - $3.60 | $4.04 | | Adjusted EBITDA | $290.0M - $295.0M | $324.1M | - The outlook includes approximately **$60.0 million in incremental expenses**, with about 65% allocated to marketing for Donna Karan and DKNY[11](index=11&type=chunk) [First Quarter Fiscal 2025 Guidance](index=3&type=section&id=First%20Quarter%20Fiscal%202025%20Guidance) First quarter fiscal 2025 guidance anticipates slightly higher sales but projects a net loss compared to a profit in the prior-year quarter First Quarter Fiscal 2025 Guidance | Metric | Q1 FY2025 Guidance | Q1 FY2024 Actual | | :--- | :--- | :--- | | Net Sales | ~$615.0M | $606.6M | | Net Income (Loss) | $(5.0)M - $0.0M | $3.2M | | Diluted EPS | $(0.10) - $0.00 | $0.07 | | Non-GAAP Net Income (Loss) | $(5.0)M - $0.0M | $6.0M | | Non-GAAP Diluted EPS | $(0.10) - $0.00 | $0.13 | [Financial Statements & Reconciliations](index=5&type=section&id=Financial%20Statements%20%26%20Reconciliations) This section provides key consolidated financial statements and reconciles GAAP results to non-GAAP performance measures [Consolidated Financial Statements](index=5&type=section&id=Consolidated%20Financial%20Statements) The fiscal 2024 statements show improved gross profit and operating income despite lower sales, alongside a stronger balance sheet Fiscal Year-End Statement of Operations Highlights (in thousands) | Metric | Year Ended Jan 31, 2024 | Year Ended Jan 31, 2023 | | :--- | :--- | :--- | | Net sales | $3,098,242 | $3,226,728 | | Gross profit | $1,241,847 | $1,101,137 | | Operating profit (loss) | $283,343 | $(109,462) | | Net income (loss) attributable to G-III | $176,168 | $(133,061) | Selected Balance Sheet Data (in thousands) | Metric | At Jan 31, 2024 | At Jan 31, 2023 | | :--- | :--- | :--- | | Cash and cash equivalents | $507,829 | $191,652 | | Inventories | $520,426 | $709,345 | | Long-term debt | $417,833 | $619,358 | | Total stockholders' equity | $1,550,260 | $1,385,448 | [GAAP to Non-GAAP Reconciliations](index=6&type=section&id=GAAP%20to%20Non-GAAP%20Reconciliations) Reconciliations adjust GAAP results for non-recurring items like asset impairments to provide a clearer view of core operational performance - Management provides non-GAAP measures to exclude items not indicative of core business results, such as asset impairments, acquisition-related expenses, and other one-time charges[23](index=23&type=chunk)[26](index=26&type=chunk) FY2024 GAAP to Non-GAAP Net Income Reconciliation (in thousands) | Description | Amount | | :--- | :--- | | GAAP net income attributable to G-III | $176,168 | | Asset impairments | $6,758 | | Expenses related to Karl Lagerfeld acquisition | $6,115 | | Non-cash imputed interest | $3,798 | | One-time expenses (DKNY China) | $3,138 | | Other adjustments & tax impact | $(6,178) | | **Non-GAAP net income attributable to G-III** | **$189,799** | Adjusted EBITDA Reconciliation (in thousands) | Metric | FY 2024 | FY 2023 | | :--- | :--- | :--- | | Net income (loss) attributable to G-III | $176,168 | $(133,061) | | Plus: Adjustments (Taxes, Interest, D&A, etc.) | $147,947 | $100,004 | | Plus: Other Non-GAAP Exclusions | $15,011 | $325,682 | | **Adjusted EBITDA** | **$324,115** | **$266,125** |

G-III Apparel Group (GIII) ended the recent trading session at $31.85, demonstrating a +0.44% swing from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.6%. At the same time, the Dow lost 0.17%, and the tech-heavy Nasdaq lost 0.92%.The clothing and accessories maker's shares have seen an increase of 4.04% over the last month, surpassing the Consumer Discretionary sector's gain of 3.27% and the S&P 500's gain of 3.56%.The investment community will be paying close attention ...

The most recent trading session ended with G-III Apparel Group (GIII) standing at $31.34, reflecting a +1.23% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.96% for the day. Meanwhile, the Dow experienced a rise of 0.4%, and the technology-dominated Nasdaq saw an increase of 1.3%.Prior to today's trading, shares of the clothing and accessories maker had lost 0.74% over the past month. This has lagged the Consumer Discretionary sector's gain of 2. ...

Embodying all-American style with a New York spirit, Kaia Gerber takes center stage as the global face of the relaunch, bringing undeniably real sophistication to the campaign. "This season brings a whole new energy to DKNY, but with a laser focus on the original tone to build on the DNA of the brand," emphasizes Jeff Goldfarb, EVP at G-III Apparel Group. With a renewed focus on DKNY icons and fundamentals, the collection reimagines core elements like denim, blazers, trenches, and leather jackets—all refres ...

Companies in the Zacks Textile - Apparel industry are strengthening their omnichannel businesses to explore the potential of both physical and digital facets. Consumers’ growing inclination toward online shopping has put e-commerce at the forefront for players in the textile-apparel industry.Yet, inflationary pressures, coupled with a higher interest rate environment, are affecting several players. Yet, brand enhancement techniques, including innovations and acquisitions, position lululemon Athletica Inc. ( ...

ICONIC HERITAGE, FRESH VISIONAs a testament to Donna Karan's intuitive vision, Spring 2024 fosters a timely conversation that resonates more profoundly than ever before. "'In Women We Trust' is such a powerful statement. We need more women to lead us into the future because women think differently," exclaimed Amber Valletta. Symbolizing the brand's epic return and relaunch, the "In Women We Trust" platform is not merely a fashion campaign—it's a powerful depiction of eight iconic women who embody Donna Kara ...

In the latest trading session, G-III Apparel Group (GIII) closed at $29.89, marking a -0.43% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.82%. On the other hand, the Dow registered a gain of 0.41%, and the technology-centric Nasdaq increased by 0.95%.Shares of the clothing and accessories maker witnessed a loss of 5.03% over the previous month, trailing the performance of the Consumer Discretionary sector with its gain of 3.13% and the S&P 500's gain of 5.59%. ...

The most recent trading session ended with G-III Apparel Group (GIII) standing at $30.91, reflecting a +0.55% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.07%. Elsewhere, the Dow gained 0.16%, while the tech-heavy Nasdaq lost 0.36%.The clothing and accessories maker's stock has dropped by 9.67% in the past month, falling short of the Consumer Discretionary sector's gain of 1.63% and the S&P 500's gain of 3.05%.The upcoming earnings release of G-III Apparel ...

Since the outbreak of the coronavirus disease, Americans have persistently reported dejected sentiment despite the economy chugging along. However, the sour mood is finally a thing of the past as price pressures have begun to wane amid strength in the labor market. Sentiments across all age groups and geographical locations brightened up as the economy’s resilience squashed apprehension over an imminent recession.The University of Michigan recently stated that the initial reading of its consumer sentiment i ...

G-III Apparel Group, Ltd. (GIII) seems a promising pick, thanks to its robust business strategies with digital expansion and brand strength. The company has been undertaking several strategies, including acquisitions and licensing of well-known brands, to expand its product portfolio.  Management is optimistic about the company’s diversified portfolio of key brands, namely DKNY, Donna Karan, Karl Lagerfeld, Vilebrequin, Levi’s, Nautica and Halston.Let’s delve deeper.Detailing StrategiesG-III Apparel’s strat ...