---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-003966"
form_type: "8-K"
ticker: "GIII"
cik: "0000821002"
company_name: "G III APPAREL GROUP LTD /DE/"
filed_at: "2023-03-16T23:59:59+00:00"
generated_at: "2026-06-18T01:21:07.958726+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001558370-23-003966
- form_type: 8-K
- ticker: GIII
- cik: 0000821002
- company_name: G III APPAREL GROUP LTD /DE/
- filed_at: 2023-03-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/821002/000155837023003966/0001558370-23-003966-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821002/000155837023003966/giii-20230316x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-003966
- JSON: https://secwatch.observer/filing/0001558370-23-003966.json
- Plain text: https://secwatch.observer/filing/0001558370-23-003966.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/821002/000155837023003966/0001558370-23-003966-index.htm

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