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 ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

A month has gone by since the last earnings report for G-III Apparel Group (GIII) . Shares have added about 12.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is G-III Apparel due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. G-III Apparel’s Q3 Earnings Beat, Sales Im ...

Operator Morris Goldfarb It's a great place to be. It's been fun building it. This phase there aren't many companies that could survive looking at giving up 50% of their top-line sales and forecast increases and be more profitable, and in a period of time when they're looking at maintenance and growth at the same time. I'd say, it's an amazing story. Morris Goldfarb Thank you. Operator We ended the third quarter in a significantly better inventory position with total inventories down 34% to $592 million, co ...

Table of Contents Commission File Number: 0-18183 G-III APPAREL GROUP, LTD. 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, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (Exact name of registrant as specified in its charter) Delaware 41-1590959 (S ...

Thank you. Operator Please standby for our next question. The next question comes from Noah Zatzkin with KeyBanc Capital Markets. Your line is open. Unidentified Analyst Hi. Good morning. This is Ashley on for Noah. I guess, just curious on how you see the promotional environment playing out relative to three months ago when you were looking out and maybe how your expectations have shifted. And then if you could provide some additional color on what is driving your holiday expectations, that would be great. ...

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 July 31, 2023 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 (Stat ...

Company Participants Morris Goldfarb - Chairman and Chief Executive Officer Edward Yruma - Piper Sandler Mauricio Serna - UBS Janet Joseph Kloppenburg - JJK Research Associates Noah Zatzkin - KeyBanc Capital Markets Operator Neal Nackman I will now turn the call over to our Chairman and Chief Executive Officer, Morris Goldfarb. For the first quarter of fiscal 2024, net sales were $607 million, above our guidance by approximately $45 million. Non-GAAP net income per diluted share was $0.13, exceeding the mid ...

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, 2023 or Commission File Number: 0-18183 G-III APPAREL GROUP, LTD. (Exact name of registrant as specified in its charter) Delaware 41-1590959 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 512 Seventh Avenue, New York, ...