G-III Apparel (GIII)

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ReGen III Announces Non-Brokered Private Placement
Newsfile· 2024-10-07 20:30
Vancouver, British Columbia--(Newsfile Corp. - October 7, 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, announces that it has initiated a non-brokered private placement financing (the "Offering") of up to 2,500,000 units (the "Units") of the Company at a price of $0.20 per Unit for gross proceeds of up to $500,0 ...
Buy These Top 5 Price-to-Sales Stocks for Better Investment Returns
ZACKS· 2024-09-30 14:25
Investing in stocks, after analyzing the valuation metrics, is considered one of the best practices. The price-toearnings ratio has always been the obvious choice when considering the valuation metrics. This is because calculations based on earnings are easy and come in handy. However, the price-to-sales ratio is convenient for determining the value of stocks incurring losses or in an early development cycle, generating meager or no profit. What's the Price-to-Sales Ratio? While a loss-making company with a ...
Despite Fast-paced Momentum, G-III Apparel (GIII) Is Still a Bargain Stock
ZACKS· 2024-09-30 13:51
Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. 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 potent ...
G-III Stock Trading Above 200 & 50-Day SMA: What Next for Investors?
ZACKS· 2024-09-23 12:16
G-III Apparel Group, Ltd. (GIII) has demonstrated strong upward momentum, trading above its 200-day and 50-day simple moving averages (SMA). SMA is a key indicator of price stability and long-term bullish trends. As of Friday, GIII was trading at $31.71, which surpassed both its 200-day and 50-day SMA of $28.98 and $27.13, respectively, highlighting a continued uptrend. SMA is a key tool in technical analysis used to assess price trends by smoothing out short-term fluctuations, offering a clearer view of th ...
ReGen III Announces Executive Changes
Newsfile· 2024-09-23 11:00
Vancouver, British Columbia--(Newsfile Corp. - September 23, 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, announces today that effective immediately Greg Clarkes, CEO and Chairman of the Board, has stepped down from his role as CEO for personal reasons. Mr. Clarkes will continue to serve as Chairman of the Boar ...
Fast-paced Momentum Stock G-III Apparel (GIII) Is Still Trading at a Bargain
ZACKS· 2024-09-13 13:51
Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point for fast-moving stocks, which can lead to investments with limited upside or potential downside [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify suitable candidates [3] Group 2: G-III Apparel Group (GIII) Analysis - G-III Apparel Group has shown significant recent price momentum, with a four-week price change of 18.4%, indicating growing investor interest [4] - Over the past 12 weeks, GIII's stock has gained 11.3%, and it has a beta of 2.19, suggesting it moves 119% higher than the market in either direction [5] - GIII has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - GIII has received upward revisions in earnings estimates, earning a Zacks Rank 1 (Strong Buy), which typically attracts more investor interest and drives price increases [7] - The stock is currently trading at a Price-to-Sales ratio of 0.43, suggesting it is undervalued, as investors pay only 43 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides GIII, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting additional investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]
G-III Stock Gains in a Month: Why is GIII Getting Investor Attention?
ZACKS· 2024-09-11 17:20
Shares of G-III Apparel Group, Ltd. (GIII) have experienced a decent price increase over the past month. The stock has rallied 24.1% compared with the Zacks Textile - Apparel industry's 1.8% growth. The company's strategy of expanding its digital and omnichannel capabilities, growing its global footprint, securing valuable licensing partnerships and improving operational efficiency has positioned it for long-term success. GIII's ability to adapt and innovate in challenging market conditions has enabled it t ...
G-III Apparel Beats on Q2 Earnings, Records Strong Brand Performance
ZACKS· 2024-09-06 13:30
Core Insights - G-III Apparel Group, Ltd. reported second-quarter fiscal 2025 earnings that exceeded the Zacks Consensus Estimate, while sales fell short of expectations and declined year over year [1][4]. Financial Performance - Adjusted earnings were 52 cents per share, surpassing the Zacks Consensus Estimate of 28 cents, and increased by 30% from the previous year's adjusted earnings of 40 cents per share [4]. - Net sales decreased by 2.3% year over year to $644.8 million, missing the consensus estimate of $650 million [4]. - The wholesale segment generated net sales of $620 million, down from $639 million in the prior year, while the retail segment saw an increase to $37 million from $34 million despite the closure of nine stores [5]. Margins and Expenses - Gross profit decreased by 0.3% year over year to $275.9 million, but gross margin expanded by 90 basis points to 42.8% due to higher sell-throughs and greater penetration of higher-margin owned brands [6]. - The wholesale segment's gross margin improved to 41.2% from 40.6% year over year, while the retail segment's gross margin rose to 54.4% from 50.5% [7]. - SG&A expenses declined by 4.3% year over year to $229 million, with a decrease in SG&A as a percentage of net sales to 35.5% [8]. Financial Position - At the end of the fiscal second quarter, the company had cash and cash equivalents of $414.8 million, total debt of $414 million, and total stockholders' equity of $1.51 billion [10]. - Inventory decreased by 24.1% year over year to $610.5 million [10]. Shareholder Actions - During the second quarter, the company repurchased 1,180,328 shares of its common stock for a total cost of $31.6 million [11]. Future Guidance - For the third quarter of fiscal 2025, the company expects net sales of $1.10 billion and adjusted net income between $98 million and $103 million, with adjusted earnings projected to be between $2.20 and $2.30 per share [12]. - The company reaffirmed its fiscal 2025 net sales guidance of approximately $3.2 billion, indicating a growth of about 3% from the previous year, driven by owned brands and new initiatives [13]. - Adjusted net income for fiscal 2025 is expected to be between $180 million and $185 million, with adjusted earnings projected between $3.95 and $4.04 per share [14]. - Adjusted EBITDA for fiscal 2025 is now projected to be between $305 million and $310 million, an increase from previous estimates [15]. - The outlook anticipates approximately $60 million in additional expenses related to new brand launches and marketing initiatives [16].
Why G-III Apparel Stock Was Soaring Today
The Motley Fool· 2024-09-05 18:03
Shares of the apparel company gained on better-than-expected quarterly profits. Shares of G-III Apparel (GIII 22.62%) were on the move today, jumping after the apparel licensing company posted better-than-expected results in its fiscal 2025 second-quarter earnings report. As of 1:03 p.m. ET, the stock was up 24.3% on the news. G-III soars again Revenue in the quarter ended July 31 continued to decline at G-III, falling 2% to $644.8 million, which was below estimates at $649.4 million. G-III owns brands like ...
G-III Apparel (GIII) - 2025 Q2 - Earnings Call Transcript
2024-09-05 15:20
Financial Data and Key Metrics Changes - Net sales for the second quarter were $645 million, slightly down from $660 million in the same period last year, but in line with expectations [23] - Gross margin rate expanded by 90 basis points to 42.8%, driven by strong sell-throughs and higher margin-owned brands [6][24] - Non-GAAP net income was $23.8 million or $0.52 per diluted share, compared to $18.6 million or $0.40 per diluted share in the previous year [25] - Inventory decreased by approximately 24% to $610 million from $805 million last year, indicating a strong inventory position [25][26] - The company ended the quarter with no debt, a significant improvement from a net debt of $268 million in the previous year [26][27] Business Line Data and Key Metrics Changes - Wholesale segment net sales were $620 million, down from $639 million, primarily due to declines in Calvin Klein and Tommy Hilfiger businesses [23] - Retail segment net sales increased to $37 million from $34 million, despite the closure of nine stores [23] - The gross margin percentage for the retail operations segment improved to 54.4% from 50.5% due to lower promotions [24] Market Data and Key Metrics Changes - The company reported strong growth in its own brands, particularly in North America, with mid-teens growth compared to last year [9] - Donna Karan's North American launch exceeded expectations, with plans to expand to 500 doors across 1,200 points of sale [10][12] - DKNY experienced a high-single-digit sales increase, particularly in North America, and is gaining market share [12][14] Company Strategy and Development Direction - The company is focusing on organic growth of its own brands and new licensed opportunities, including a significant agreement with Converse, Inc. [5][7] - The strategy includes expanding the Go Forward portfolio to diversify the business model across product categories and geographies [5][9] - The company is actively managing the transition of Calvin Klein and Tommy Hilfiger licenses while investing in its own brands [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the raised outlook for the second half of the year, citing strong momentum and a solid financial position [4][21] - The company is cautiously optimistic about the remainder of the fiscal year, reaffirming net sales guidance of $3.2 billion, a growth of approximately 3% [27][28] - Management highlighted the importance of controlling supply chain dynamics and monitoring market conditions [21][30] Other Important Information - The company increased its investment in AWWG, raising its ownership stake to just under 20% [8] - The partnership with AWWG is expected to drive significant sales growth in the Iberian market over the next three to five years [9] - The company is experiencing elevated SG&A levels due to investments in marketing and brand development [20][31] Q&A Session Summary Question: Opportunity for Converse license and inventory composition - Management highlighted the Converse license as a significant opportunity, leveraging existing talent and global distribution capabilities [34] - Inventory levels are well-managed, with no imbalances between licensed and owned brands, and slight increases expected in Q3 and Q4 [36] Question: Confidence in Q4 growth and outperforming categories - Management expressed confidence in Q4 growth, citing the successful launch of new initiatives and strong performance from own brands [40] - Donna Karan's launch was noted as particularly successful, with plans for further expansion [41] Question: SG&A spending and investment cycle - SG&A is expected to increase in the second half due to advertising and warehouse expenses, with a focus on supporting brand growth [45] - The marketing spend is significant but necessary for scaling the business, with expectations for it to stabilize as sales grow [46] Question: Order book visibility in U.S. vs. Europe - The order book is more elastic in North America, while European business is currently tighter on inventory [47] Question: Size expectations for Donna Karan and EPS guidance - Management anticipates Donna Karan could reach $1 billion in sales, with a conservative outlook [49] - The EPS guidance increase is attributed to lower interest expenses and share repurchases [52] Question: Distribution expansion for licensed brands - The AWWG partnership will enhance distribution capabilities for brands like Pepe and Hackett, targeting both North America and Europe [56] Question: Freight costs and supply chain insights - Freight costs are expected to rise in Q3, with some delays in lead times, but these have been factored into guidance [59]