G-III Apparel (GIII)

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Why Is G-III Apparel (GIII) Down 8.6% Since Last Earnings Report?
ZACKS· 2025-01-09 17:30
Core Viewpoint - G-III Apparel Group's recent earnings report shows mixed results, with earnings exceeding estimates but sales falling short, leading to a decline in share price and questions about future performance [1][2][3]. Financial Performance - Adjusted earnings for Q3 fiscal 2025 were $2.59 per share, surpassing the Zacks Consensus Estimate of $2.26, but down 6.8% from $2.78 per share in the previous year [3][6]. - Net sales increased by 1.8% year over year to $1,086.8 million, missing the consensus estimate of $1,100 million [3][4]. - The wholesale segment's net sales reached $1.07 billion, up from $1.05 billion, driven by owned brands growth, despite declines in Calvin Klein and Tommy Hilfiger [4]. - Retail segment net sales were $42.3 million, compared to $32.7 million in the prior year, attributed to strong comparable sales growth despite store closures [5]. Margins and Expenses - Gross profit decreased by 0.3% year over year to $432.1 million, with gross margin contracting by 80 basis points to 39.8% [6]. - The wholesale segment's gross margin was 38.4%, down from 39.6% the previous year, while the retail segment's gross margin improved to 52.3% from 49.1% [7]. - SG&A expenses improved by 9.7% year over year to $259.2 million, but as a percentage of net sales, it increased by 180 basis points to 23.9% [8]. Financial Snapshot - G-III Apparel ended Q3 with cash and cash equivalents of $104.7 million and total debt of $224.2 million, with total stockholders' equity at $1.65 billion [9]. - Inventory declined by 10% year over year to $532.5 million at the end of the quarter [9]. Guidance and Outlook - For Q4 fiscal 2025, net sales are expected to grow approximately 6% year over year, with SG&A expenses anticipated to increase similarly [10]. - Full fiscal 2025 net sales are projected to reach approximately $3.15 billion, reflecting around 2% growth, driven by owned brands expansion [11]. - Adjusted net income is expected to be between $186 million and $191 million, with adjusted earnings per share anticipated between $4.10 and $4.20 [12]. - Adjusted EBITDA for fiscal 2025 is now expected to be between $309 million and $314 million [13]. - The company anticipates approximately $55 million in additional expenses related to new brand launches and operational enhancements [14]. Market Sentiment - Estimates for G-III Apparel have trended downward, with a consensus estimate shift of -14.16% [15]. - The company holds a Zacks Rank 1 (Strong Buy), indicating expectations for above-average returns in the coming months [17].
Why G-III Apparel Group (GIII) is a Top Momentum Stock for the Long-Term
ZACKS· 2024-12-20 15:50
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style S ...
Why Fast-paced Mover G-III Apparel (GIII) Is a Great Choice for Value Investors
ZACKS· 2024-12-18 14:50
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...
G-III Apparel Q3 Earnings Beat Estimates, Retail Sales Rise Y/Y
ZACKS· 2024-12-11 15:10
G-III Apparel Group, Ltd.’s (GIII) third-quarter fiscal 2025 earnings beat the Zacks Consensus Estimate but sales missed the same. The company’s top line increased and bottom line declined year over year. In the fiscal third quarter, G-III Apparel Group focused on expanding its owned brands like DKNY, Karl Lagerfeld, Donna Karan and Vilebrequin while introducing new licensed products, such as Nautica and Champion outerwear. Enhanced marketing efforts, particularly digital campaigns, boosted consumer engagem ...
G-III Apparel Group Continues To Perform, But I Think It Has Reached Fair Value
Seeking Alpha· 2024-12-11 01:14
G-III Apparel Group (NASDAQ: GIII ) reported positive and in-line 3Q25 results, derisking the company's largest quarter of the year. Sales were flat compared to last year, but its own brands grew as much as 30% YoY, mainly via door expansion. Q3 included shipments related to theLong-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understandi ...
G-III Apparel (GIII) - 2025 Q3 - Quarterly Report
2024-12-10 21:50
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 October 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 41-1590959 (S ...
G-III Apparel (GIII) - 2025 Q3 - Earnings Call Transcript
2024-12-10 19:26
G-III Apparel Group, Ltd. (NASDAQ:GIII) Q3 2025 Earnings Conference Call December 10, 2024 8:30 AM ET Company Participants Morris Goldfarb - Chairman, Chief Executive Officer Neal Nackman - Chief Financial Officer Conference Call Participants Bob Drbul - Guggenheim Ashley Owens - KeyBank Capital Markets Mauricio Serna - UBS Paul Kearney - Barclays Operator Good day! And thank you for standing by. Welcome to the G-III Apparel Group Third Quarter Fiscal 2025 Earnings Conference Call. At this time, all partici ...
G-III Apparel (GIII) - 2025 Q3 - Quarterly Results
2024-12-10 12:30
Exhibit 99.1 1 G-III APPAREL GROUP, LTD. G-III APPAREL GROUP, LTD. REPORTS THIRD QUARTER FISCAL 2025 RESULTS ABOVE GUIDANCE; UPDATES FISCAL 2025 OUTLOOK ● Third Quarter GAAP and Non-GAAP Net Income Per Diluted Share Exceed Guidance ● Net Sales of $1.09 Billion for the Third Quarter Compared to $1.07 Billion Last Year ● Net Income Per Diluted Share of $2.55 for the Third Quarter Compared to $2.74 Last Year ● Non-GAAP Net Income Per Diluted Share of $2.59 for the Third Quarter Compared to $2.78 Last Year ● Ra ...
ReGen III Appoints Tony Weatherill as Chief Executive Officer and President to Accelerate Commercial and Strategic Opportunities
Newsfile· 2024-12-02 05:01
ReGen III Appoints Tony Weatherill as Chief Executive Officer and President to Accelerate Commercial and Strategic OpportunitiesDecember 02, 2024 12:01 AM EST | Source: ReGen III Corp.Vancouver, British Columbia--(Newsfile Corp. - December 2, 2024) - ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) ("ReGen III" or the "Company"), a leading clean technology company specializing in the upcycling of used motor oil ("UMO") into high-value Group III base oils, is delighted to announce the app ...
ReGen III to Settle Debenture Interest with Shares
Newsfile· 2024-11-29 23:00
Vancouver, British Columbia--(Newsfile Corp. - November 29, 2024) - ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) ("ReGen III" or the "Company"), a leading clean technology company specializing in the upcycling of used motor oil ("UMO") into high-value Group III base oils, announces that it has elected, pursuant to the terms of its Series 2023-11.PP55CD-A Debentures, to pay the semi-annual interest payment due in the amount of $164,850 through the issuance of approximately 714,564 common shares at ...