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:   2022-09-07T23:59:59+00:00
Accession:  0001558370-22-014221
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

G-III Q2 sales up 25% to $605M; GAAP EPS $0.74, non-GAAP $0.39; guides FY23 below prior year
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- Q2 net sales $605.2M (+25% YoY); GAAP net income $36.3M ($0.74/diluted) vs $19.2M ($0.39) last year.
- Non-GAAP EPS $0.39 vs $0.41; excludes $30.9M gain on Karl Lagerfeld minority stake and $5.7M transaction costs.
- Completed acquisition of remaining 81% of Karl Lagerfeld brand in Q2.
- FY2023 guidance: net sales ~$3.15B, GAAP EPS $3.69-$3.79, non-GAAP EPS $3.60-$3.70 (vs $4.20 non-GAAP last year).
- Q3 FY2023 guidance: net sales ~$1.07B, GAAP EPS $1.70-$1.80 ($2.16 last year).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821002/000155837022014221/0001558370-22-014221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821002/000155837022014221/giii-20220907x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-014221

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