G-III Apparel (GIII)

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ReGen III Announces Participation at the 29th ICIS World Base Oils and Lubricants Conference
Newsfile· 2025-02-03 21:15
Company Overview - ReGen III Corp. is a leading clean technology company focused on upcycling used motor oil (UMO) into high-value Group III base oils [1][4] - The company aims to become the world's largest producer of sustainable re-refined Group III base oil, operating in an underserved segment of the base oil market [6] Conference Participation - The CEO of ReGen III, Tony Weatherill, will attend the 29th ICIS World Base Oils and Lubricants Conference from February 12-14, 2025, in London, UK [1] - The ICIS Conference is a significant event in the lubricants industry, attracting over 450 delegates and more than 50 expert speakers [2] Industry Focus - The conference will emphasize emerging technologies and sustainability, covering topics such as re-refined base oils (RRBOs), sustainable lubricants, green refineries, product carbon footprint, and engine decarbonization [2] - ReGen III's participation highlights the company's commitment to discussing the future of the industry and collaborating on sustainable solutions [3] Environmental Impact - The ReGen™ process developed by ReGen III is expected to reduce CO2e emissions by 82% compared to virgin crude-derived base oils combusted at end of life [4]
GIII Trades Above 50 & 200-Day SMAs: A Smart Investment Opportunity?
ZACKS· 2025-01-29 13:16
Core Insights - G-III Apparel Group, Ltd. (GIII) is experiencing strong upward momentum, trading above its 50 and 200-day simple moving averages, indicating positive market sentiment and investor confidence in its financial stability and growth potential [1][2]. Stock Performance - The company closed at $32.37, above its 50-day SMA of $31.90 and 200-day SMA of $29.22, reflecting a continued uptrend [2]. - GIII's stock is currently 10.5% below its 52-week high of $36.18, reached on December 13, 2024, with a 19.7% gain over the past six months compared to the Zacks Textile - Apparel industry's 30.1% growth [3]. Brand Performance - G-III's strategic focus on brand expansion has led to significant growth for key brands such as DKNY, Karl Lagerfeld, Donna Karan, and Vilebrequin, contributing to higher sales and improved gross margins [4]. - DKNY achieved over 30% year-over-year sales growth in the fiscal third quarter, driven by strong wholesale demand and an expanded retail presence [7]. - Donna Karan's relaunch has exceeded expectations, with double-digit growth in retail sales and plans to expand its retail presence from 1,200 to 1,600 locations by spring 2025, with long-term sales potential exceeding $1 billion [8]. Global Expansion - G-III is prioritizing international expansion, particularly in Europe, through partnerships that are unlocking new growth opportunities [9]. - The company's brands are making notable progress in international markets, supported by targeted marketing and enhanced distribution strategies [10]. Retail Segment Transformation - G-III's retail segment reported net sales of $42.3 million for the fiscal third quarter, up from $32.7 million in the prior year, despite the closure of seven stores [11]. - Management projects the retail segment to break even in fiscal 2025 and achieve profitability in fiscal 2026, marking its first profitable year in a decade [12]. Earnings Estimates - Analysts have revised the Zacks Consensus Estimate for G-III's earnings per share upward by 15 cents to $4.16 for the current fiscal year, indicating year-over-year growth of 3% [13]. - The consensus estimate for sales is projected at $3.15 billion for the current year and $3.25 billion for the next year, reflecting year-over-year growth of 1.7% and 3.2%, respectively [14].
GIII Stock Dips 13% From Its 52-Week High: Is Now the Time to Invest?
ZACKS· 2025-01-16 12:01
Core Viewpoint - G-III Apparel Group, Ltd. (GIII) is experiencing a positive trajectory in its stock performance and brand growth, driven by strategic global expansion and a strong brand portfolio, positioning it favorably in the market [1][20]. Stock Performance - GIII shares are currently trading 13.1% below their 52-week high of $36.18, reached on December 13, 2024, with a 19% gain over the past six months, compared to a 20% growth in the Zacks Textile - Apparel industry [1][2]. - The stock closed at $31.44, above its 100-day and 200-day simple moving averages of $30.90 and $29.08, indicating a continued uptrend [4][6]. Brand Portfolio and Growth - GIII's owned brands, including DKNY, Karl Lagerfeld, Donna Karan, and Vilebrequin, have shown significant growth, particularly in the third quarter of fiscal 2025, contributing to higher sales and gross margins [7][10]. - DKNY achieved over 30% year-over-year sales growth in the third quarter, driven by strong wholesale demand and expanded distribution [8]. - Donna Karan's relaunch exceeded expectations, with double-digit growth in retail sales and plans to expand its retail footprint from 900 to 1,600 locations by spring 2025, with long-term sales potential exceeding $1 billion [9]. Global Expansion Strategy - G-III is prioritizing global expansion, especially in Europe, leveraging its partnership with AWWG to enhance operations and brand presence [10][11]. - The company is focusing on enhancing retail partnerships and marketing efforts to boost international sales for its brands [11]. Retail Transformation - G-III's retail division reported net sales of $42.3 million in the third quarter, up from $32.7 million year-over-year, despite the closure of seven stores [12]. - The retail segment is projected to break even in fiscal 2025 and achieve profitability in fiscal 2026, marking a significant turnaround [13]. Financial Outlook - G-III projects net sales of $3.15 billion for fiscal 2025, reflecting a 2% year-over-year growth, with owned brands expected to account for 70% of total sales [14]. - The company anticipates adjusted net income between $186 million and $191 million, with adjusted earnings per share forecasted between $4.10 and $4.20 [15]. Earnings Estimates - Analysts have revised the Zacks Consensus Estimate for G-III's earnings per share upward by 15 cents to $4.16 for the current fiscal year, indicating a year-over-year growth of 3% [17]. - The consensus estimate for sales is projected at $3.15 billion for the current year and $3.25 billion for the next year, reflecting growth rates of 1.7% and 3.2%, respectively [18].
G-III Apparel (GIII) Upgraded to Strong Buy: What Does It Mean for the Stock?
ZACKS· 2025-01-09 18:01
Core Viewpoint - G-III Apparel Group (GIII) has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in a company's earnings picture, which is crucial for near-term stock price movements [2][3]. - Institutional investors often rely on earnings estimates to determine a company's fair value, leading to stock price movements based on their buying or selling actions [3]. Business Improvement Indicators - The increase in earnings estimates for G-III Apparel indicates an improvement in the company's underlying business, which is expected to positively influence its stock price [4]. - G-III Apparel is projected to earn $4.16 per share for the fiscal year ending January 2025, reflecting a year-over-year increase of 3% [7]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [6]. - The upgrade of G-III Apparel to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating strong potential for near-term price appreciation [9].
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 ...