G-III Apparel Q3 2025 Earnings Report
Key Takeaways
G-III Apparel Group reported a 1.8% increase in net sales to $1.09 billion for the third quarter of fiscal 2025. Net income was $114.8 million, or $2.55 per diluted share, while non-GAAP net income per diluted share was $2.59. The company raised its GAAP and non-GAAP net income per diluted share guidance for fiscal 2025.
Net sales increased by 1.8% to $1.09 billion compared to $1.07 billion last year.
Net income was $114.8 million, or $2.55 per diluted share, compared to $127.6 million, or $2.74 per diluted share, in the prior year’s third quarter.
Non-GAAP net income per diluted share was $2.59 compared to $2.78 in the same period last year.
Inventories decreased 10% to $532.5 million compared to $591.5 million in the third quarter of last year.
G-III Apparel
G-III Apparel
Forward Guidance
The company updated its outlook for the fiscal year ending January 31, 2025, anticipating a net sales increase of approximately 2% to $3.15 billion. Net income is expected to be between $185.0 million and $190.0 million, or diluted earnings per share between $4.08 and $4.18. Non-GAAP net income is expected to be between $186.0 million and $191.0 million, or diluted earnings per share between $4.10 and $4.20.