---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-018289"
form_type: "8-K"
ticker: "GIII"
cik: "0000821002"
company_name: "G III APPAREL GROUP LTD /DE/"
filed_at: "2022-11-30T23:59:59+00:00"
generated_at: "2026-06-21T11:56:25.842325+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# G-III Q3 net sales $1.08B (+6.2% YoY); EPS $1.26; extends Calvin Klein/Tommy Hilfiger licenses through 2027

## Summary
- GAAP net income $61.1M ($1.26/diluted share) vs $106.7M ($2.16) prior year; non-GAAP EPS $1.35 vs $2.18.
- Net sales rose 6.2% to $1.08B; one-time supply chain charges of ~$0.40/share weighed on bottom line.
- FY 2023 guidance: net sales ~$3.15B, net income $147M-$152M ($3.00-$3.10/sh), adjusted EBITDA $265M-$270M.
- Calvin Klein and Tommy Hilfiger licenses extended through Dec 2027 on a staggered basis; PVH intends to produce products itself after expiry, posing material revenue risk.

## SEC filing metadata
- accession: 0001558370-22-018289
- form_type: 8-K
- ticker: GIII
- cik: 0000821002
- company_name: G III APPAREL GROUP LTD /DE/
- filed_at: 2022-11-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/821002/000155837022018289/0001558370-22-018289-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821002/000155837022018289/giii-20221130x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-018289
- JSON: https://secwatch.observer/filing/0001558370-22-018289.json
- Plain text: https://secwatch.observer/filing/0001558370-22-018289.txt

## Key facts
- Earnings Releases
  G III APPAREL GROUP LTD /DE/ reported fiscal year ending January 31, 2023 results: revenue approximately $3.15 billion, net income between $147 million and $152 million, EPS between $3.00 and $3.10 per diluted share. Guidance lowered.
  - Period: fiscal year ending January 31, 2023
  - Revenue: approximately $3.15 billion
  - Net income: between $147 million and $152 million
  - EPS: between $3.00 and $3.10 per diluted share
  - Guidance: lowered
  - Result: guidance update
  source text: For fiscal 2023, the Company expects net sales of approximately $3.15 billion and net income between $147 million and $152 million, or between $3.00 and $3.10 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/821002/000155837022018289/0001558370-22-018289-index.htm
- Earnings Releases
  G III APPAREL GROUP LTD /DE/ reported third quarter ended October 31, 2022 results: revenue $1.08 billion, net income $61.1 million, EPS $1.26 per diluted share.
  - Period: third quarter ended October 31, 2022
  - Revenue: $1.08 billion
  - Net income: $61.1 million
  - EPS: $1.26 per diluted share
  - Result: reported results
  source text: Net sales for the third quarter ended October 31, 2022 increased 6.2% to $1.08 billion from $1.02 billion in the prior year’s quarter. The Company reported net income for the third quarter of $61.1 million, or $1.26 per diluted share, compared to $106.7 million, or $2.16 per diluted share, in the prior year’s quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/821002/000155837022018289/0001558370-22-018289-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.