G-III Apparel FY2023 net loss $133M; sales up 17% to $3.23B; non-GAAP EPS $2.85; adds Donna Karan, Nautica

G III APPAREL GROUP LTD /DE/

2022-FY EPS reported -$2.79 revenue$3,226,728,000

Net sales $3.23B for FY2023, up 17% YoY; net loss $(133.1)M ($2.79/share) includes $291.5M goodwill impairment.
Non-GAAP net income per diluted share $2.85 vs $4.20 in prior year.
Announces re-positioning/expansion of Donna Karan brand and new long-term Nautica license with Authentic Brands Group.
Ended FY2023 with ~$750M in cash and availability; provides guidance for Q1 and FY2024 (numbers not disclosed).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

G III APPAREL GROUP LTD /DE/ reported the fourth fiscal quarter and fiscal year ended January 31, 2023 results: revenue $3.23 Billion, net income Net Loss of $(133.1) Million for Fiscal Year 2023, or $(2.79) Per Share, EPS $(2.79) Per Share.

Period: the fourth fiscal quarter and fiscal year ended January 31, 2023
Revenue: $3.23 Billion
Net income: Net Loss of $(133.1) Million for Fiscal Year 2023, or $(2.79) Per Share
EPS: $(2.79) Per Share
Result: reported results

Exact text from the filing

FULL-YEAR FISCAL 2023 RESULTS ● Announces Two Growth Opportunities: Re-Positioning and Expansion of Donna Karan and New Long-Term License for the Nautica Brand ● Net Sales of $3.23 Billion for Fiscal Year 2023 Compared to $2.77 Billion Last Year ● Net Loss of $(133.1) Million for Fiscal Year 2023, or $(2.79) Per Share, Compared to Net Income of $200.6 Million, or

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G III APPAREL GROUP LTD /DE/ filing history →

Source: SEC EDGAR

accession 0001558370-23-003966

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