secwatch.observer — SEC 8-K summary
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Issuer:     G III APPAREL GROUP LTD /DE/ (GIII)
CIK:        0000821002
Form:       8-K
Filed at:   2021-09-02T23:59:59+00:00
Accession:  0001558370-21-012184
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

G-III Apparel beats Q2 estimates; raises FY2022 guidance on strong demand
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- Q2 net sales $483.1M (+62.5% YoY vs $297.2M); net income $19.2M ($0.39 diluted EPS) vs net loss $15.0M (-$0.31) a year ago.
- Ended Q2 with cash and credit facility availability of ~$900M.
- Raises FY2022 guidance: net sales ~$2.70B (prev. $2.57B), net income $155M–$165M ($3.10–$3.20 EPS) vs $2.06B and $0.48 EPS last year.
- Q3 FY2022 guidance: net sales ~$1.00B, net income $80M–$90M ($1.65–$1.75 EPS) vs $826.6M and $1.29 EPS last year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821002/000155837021012184/0001558370-21-012184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821002/000155837021012184/giii-20210902x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-012184

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