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G-III Apparel
🇺🇸 NASDAQ:GIII
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•
Apr 30, 2024

G-III Apparel Q1 2025 Earnings Report

G-III Apparel reported a strong start to fiscal year 2025, with net income per diluted share exceeding expectations, driven by double-digit increases in DKNY and Karl Lagerfeld and a successful relaunch of Donna Karan.

Key Takeaways

G-III Apparel Group reported first quarter fiscal 2025 results with net sales of $609.7 million compared to $606.6 million last year. Net income was $5.8 million, or $0.12 per diluted share, compared to $3.2 million, or $0.07 per diluted share, in the prior year’s quarter.

Net sales for the first quarter were $609.7 million, compared to $606.6 million in the prior year’s quarter.

First quarter GAAP net income per diluted share was $0.12, exceeding guidance.

The company is reaffirming its fiscal year 2025 net sales guidance and raising its net income per diluted share guidance.

G-III invested in All We Wear Group (AWWG) to accelerate European expansion.

Total Revenue
$610M
Previous year: $607M
+0.5%
EPS
$0.12
Previous year: $0.13
-7.7%
Gross Profit
$250M
Previous year: $250M
+0.1%
Cash and Equivalents
$508M
Previous year: $290M
+75.5%
Total Assets
$2.57B
Previous year: $2.55B
+0.4%

G-III Apparel

G-III Apparel

Forward Guidance

The Company expects net sales of approximately $3.20 billion and net income between $170.0 million and $175.0 million, or between $3.58 and $3.68 per diluted share for fiscal year 2025.

Positive Outlook

  • Company expects net sales of approximately $3.20 billion.
  • Net income is expected to be between $170.0 million and $175.0 million.
  • Earnings per diluted share are expected to be between $3.58 and $3.68.
  • Approximately $60.0 million in incremental expenses are anticipated, primarily associated with the launches of Donna Karan, Nautica and Halston.
  • Approximately 65% of the incremental expenses are related to marketing initiatives to support the Donna Karan and DKNY brands.

Challenges Ahead

  • Net sales for the second quarter of fiscal 2025 are expected to be approximately $650.0 million, compared to $659.8 million in the same period last year.
  • Net income for the second quarter is expected to be in the range of $10.0 million and $15.0 million, compared to $16.4 million in the same period last year.
  • Non-GAAP net income for the second quarter is expected to be between $10.0 million and $15.0 million, compared to $18.6 million in the same period last year.
  • Fiscal 2025 net sales of approximately $3.20 billion compares to net sales of $3.10 billion for fiscal 2024.
  • Fiscal 2025 net income between $170.0 million and $175.0 million compares to net income of $176.2 million for fiscal 2024.

Company Overview

Full financial data and analysis

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