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Jul 31, 2024
G-III Apparel Q2 2025 Earnings Report
Reported second quarter fiscal 2025 results above guidance and updated fiscal 2025 outlook.
Key Takeaways
G-III Apparel Group reported a decrease in net sales by 2% to $644.8 million compared to $659.8 million in the prior year's second quarter. Net income for the second quarter was $24.2 million, or $0.53 per diluted share, compared to $16.4 million, or $0.35 per diluted share, in the prior year's second quarter. Non-GAAP net income per diluted share was $0.52 for the second quarter compared to $0.40 in the same period last year.
Net sales for the second quarter were $644.8 million, compared to $659.8 million last year.
Second quarter GAAP and non-GAAP net income per diluted share exceeded guidance.
The company raised GAAP and non-GAAP net income per diluted share guidance for fiscal year 2025.
A new global apparel license was announced for the Converse brand.
Forward Guidance
The Company today updated its outlook for the fiscal year ending January 31, 2025. Net sales are expected to increase by approximately 3% to $3.20 billion. Net income is expected to be between $179.0 million and $184.0 million, or diluted earnings per share between $3.94 and $4.04. Non-GAAP net income for fiscal 2025 is expected to be between $180.0 million and $185.0 million, or diluted earnings per share between $3.95 and $4.05.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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