earnings
confidence high
sentiment positive
materiality 0.80
G-III Apparel reports record FY2022 EPS of $4.05; guides FY2023 EPS $4.20-$4.30
G III APPAREL GROUP LTD /DE/
2021-FY EPS reported
$4.05
revenue$2,766,538,000
- FY2022 net sales $2.77B (+35% YoY); net income $200.6M ($4.05 diluted EPS) vs $23.5M ($0.48) prior year.
- Q4 net sales $748.2M (+42% YoY); net income $48.4M ($0.98) vs $14.6M ($0.30).
- Guidance for FY2023: net sales ~$3.0B; net income $205-215M ($4.20-$4.30 diluted EPS).
- Board increased share repurchase authorization to 10 million shares from 2.3 million available.
- Supply chain impact considered in guidance; no new COVID-19 store closure assumptions.