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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.
G-III Apparel
G-III Apparel
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.