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Is GIII Apparel Group (GIII) a Great Value Stock Right Now?
ZACKS· 2024-06-11 14:40
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. These are only a few of the key metrics included in GIII Apparel Group's strong Value grade, but they help show that the stock is likely undervalued right now. When ...
G-III Apparel: Q1 2025 Was Good For Its Brands, The Stock Is More Attractive Now
Seeking Alpha· 2024-06-08 11:42
Core Viewpoint - G-III Apparel Group reported flat revenues in 1Q25, missing consensus estimates, leading to a 15% decline in stock price, but the underlying performance of proprietary brands showed strong growth of 16% YoY, indicating potential for future profitability [2][3][4] Financial Performance - The company missed consensus revenues by approximately 1% and reported flat sales, with licensed segment sales down 13% due to poor performance of key brands [3][4] - Proprietary brands grew by 16.7% in the quarter, indicating strong demand and resilience in a challenging wholesale market [3] - Gross margins increased by 130 basis points, while operating margins fell slightly by 30 basis points to 2.2% due to increased SG&A expenses [4] - Inventories decreased by 22% despite flat sales, reflecting efficient inventory management [4] Brand Developments - G-III's proprietary brands are expanding, with Karl Lagerfeld launching new product categories and Vilebrequin planning to open 15 beach clubs [6] - DKNY's fall collection features a campaign with influencer Kaia Gerber, while Donna Karan's relaunch includes a campaign with notable legacy models [6] - The company made a $54 million investment in AWWG Group for a 12% equity stake, which is expected to enhance growth in Europe [6] Valuation and Future Outlook - G-III has a market cap of $1.22 billion, with an enterprise value of $1.15 billion, reflecting stable fundamentals despite stock price fluctuations [7] - The company projects revenues of $3.2 billion for the year, with proprietary brands expected to account for 70% of sales [7] - An operating margin of 7.3% on proprietary brands is deemed achievable, given current performance metrics and historical data [7] - The licensed business is viewed as a temporary asset, allowing for a more favorable valuation of the proprietary brand segment [7]
G-III Apparel (GIII) Q1 Earnings Beat Estimates, Sales Rise Y/Y
ZACKS· 2024-06-07 12:30
Core Viewpoint - G-III Apparel Group, Ltd. reported first-quarter fiscal 2025 earnings that exceeded expectations but showed a year-over-year decline, with sales missing consensus estimates yet improving compared to the previous year [1][3][12]. Financial Performance - Adjusted earnings were 12 cents per share, surpassing the Zacks Consensus Estimate of a loss of 5 cents, but down from 13 cents in the same quarter last year [3]. - Net sales for the wholesale segment reached $598 million, up from $587 million year-over-year, while the retail segment saw net sales of $31 million, an increase from $30 million despite nine store closures [4]. - Total net sales increased by 0.5% year-over-year to $609.7 million, falling short of the consensus estimate of $615 million [12]. - Gross profit rose by 3.6% year-over-year to $258.9 million, with gross margin expanding by 130 basis points to 42.5% [13]. Expenses and Profitability - SG&A expenses increased by 3.8% year-over-year to $236.6 million, representing 38.8% of net sales, an increase of 120 basis points [5]. - Operating profit for the fiscal first quarter was $13.5 million, down from $15.3 million in the prior year [5]. Future Outlook - The company anticipates adjusted net income between $170 million and $175 million, with adjusted earnings projected between $3.58 and $3.68 per share, compared to $189.8 million and $4.04 per share in fiscal 2024 [7]. - For the full fiscal year 2025, G-III expects net sales of approximately $3.2 billion, reflecting a growth of about 3% from the previous year, driven by its own brands and new initiatives [15]. - For the fiscal second quarter, net sales are expected to be around $650 million, down from $659.8 million in the prior year, with adjusted net income projected between $10 million and $15 million [19]. Strategic Initiatives - The company is focusing on leveraging design and merchandising strengths to drive profitable sales growth through innovative products and collections, expanding its European presence, enhancing omnichannel capabilities, and investing in marketing to boost global brand awareness [11]. - G-III aims to reduce reliance on PVH brands and expand in fast-growing markets like India and China [11]. Financial Position - At the end of the fiscal first quarter, the company had net cash of $80 million and over $1 billion in liquidity [14]. - Cash and cash equivalents stood at $508.4 million, with total debt of $426.4 million and total stockholders' equity of $1.52 billion [18]. - Inventory decreased by 23.9% year-over-year to $479.7 million [18].
G-III Apparel (GIII) - 2025 Q1 - Quarterly Report
2024-06-06 20:26
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-18183 G-III APPAREL GROUP, LTD. (Exact name of registrant as specified in its charter) Delaware 41-1590959 (Sta ...
G-III Apparel Group (GIII) Q1 Earnings Beat Estimates
ZACKS· 2024-06-06 13:11
This quarterly report represents an earnings surprise of 340%. A quarter ago, it was expected that this clothing and accessories maker would post earnings of $0.67 per share when it actually produced earnings of $0.76, delivering a surprise of 13.43%. G-III Apparel, which belongs to the Zacks Textile - Apparel industry, posted revenues of $609.75 million for the quarter ended April 2024, missing the Zacks Consensus Estimate by 0.87%. This compares to year-ago revenues of $606.59 million. The company has top ...
G-III Apparel (GIII) - 2025 Q1 - Quarterly Results
2024-06-06 11:30
Exhibit 99.1 G-III APPAREL GROUP, LTD. G-III APPAREL GROUP, LTD. REPORTS FIRST QUARTER FISCAL 2025 RESULTS; UPDATES FISCAL 2025 OUTLOOK New York, New York – June 6, 2024 -- G-III Apparel Group, Ltd. (NasdaqGS: GIII) today reported results for the first quarter of fiscal 2025, ended April 30, 2024. Morris Goldfarb, G-III's Chairman and Chief Executive Officer, said, "We had a strong start to fiscal 2025, delivering first quarter earnings per diluted share well ahead of our expectations. Our performance was d ...
ReGen III Announces Closing of Initial Tranche of Convertible Debenture Offering
Newsfile· 2024-05-31 07:01
Vancouver, British Columbia--(Newsfile Corp. - May 31, 2024) - ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) ("ReGen III" or the "Company"), a leading clean technology company commercializing the patented ReGen™ process to upcycle used motor oil ("UMO") into high-value Group III base oils, is pleased to announce the closing of an initial tranche of 775 Convertible Debenture Units (the "Units") at a price of CAD$1,000 per Unit for aggregate gross proceeds of CAD$775,000, pursuant to its non-brokered ...
DKNY STEPS UP TO THE PLATE WITH AN ICONIC BILLBOARD AT YANKEE STADIUM
Prnewswire· 2024-04-02 13:15
DKNY has always had a connection and deep-rooted relationship with sports, with multiple past collaborations with the New York Yankees. G-III Apparel Group has a longstanding history of holding licensing agreements with MLB, the NHL, and the NFL.  "This unique partnership is part of DKNY's overall brand strategy to increase visibility across multiple media channels to a loyal and passionate audience," states Jeff Goldfarb, EVP at G-III Apparel Group. "DKNY has had a longstanding relationship with the New Yo ...
G-III Apparel (GIII) - 2024 Q4 - Annual Report
2024-03-25 21:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-18183 G-III APPAREL GROUP, LTD. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or or ...
Why G-III Apparel Stock Was Falling Today
The Motley Fool· 2024-03-14 20:25
Shares of G-III Apparel Group (GIII -12.07%) dropped after the diversified company reported disappointing top-line results in its fourth-quarter earnings report. As a result, G-III stock was down 13.1% on the news as of 3:19 p.m. ET. G-III comes up short in Q4G-III, which licenses and owns several apparel brands, said that revenue in the quarter fell 10.5% to $764.8 million, which was well below estimates of $817.5 million. The company slashed its inventories in the quarter, which fell 27%, as part of a str ...