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:   2022-03-17T23:59:59+00:00
Accession:  0001558370-22-003803
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

G-III Apparel reports record FY2022 EPS of $4.05; guides FY2023 EPS $4.20-$4.30
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821002/000155837022003803/0001558370-22-003803-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821002/000155837022003803/giii-20220317x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-003803

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer