{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-010823","form_type":"8-K","ticker":"GIII","cik":"0000821002","company_name":"G III APPAREL GROUP LTD /DE/","filed_at":"2023-06-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.357213+00:00","generated_at":"2026-06-14T07:02:10.821769+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"G-III Apparel Q1 FY2024 beats guidance; raises full-year outlook; signs Halston license","bullets":["Q1 net sales $606.6M (-11.9% YoY); GAAP EPS $0.07; non-GAAP EPS $0.13 vs $0.72 last year.","Raised FY2024 guidance: net sales ~$3.29B; net income $125-130M ($2.65-$2.75 diluted EPS).","Signed 25-year master license for Halston with Xcel Brands; first deliveries expected Fall 2024.","Inventory sequentially decreased $80M; gross margins improved versus year-ago quarter.","Q2 FY2024 outlook: net sales ~$595M; net loss of $(5)M to breakeven."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-010823","json":"https://secwatch.observer/filing/0001558370-23-010823.json","markdown":"https://secwatch.observer/filing/0001558370-23-010823.md","text":"https://secwatch.observer/filing/0001558370-23-010823.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/821002/000155837023010823/0001558370-23-010823-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/821002/000155837023010823/giii-20230606x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T07:02:10.821769+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1c71c248da49de699fc6db6f949eb25696dad803","claim":"G III APPAREL GROUP LTD /DE/ reported fiscal year ending January 31, 2024 results: revenue approximately $3.29 billion, net income between $125.0 million and $130.0 million, EPS between $2.65 and $2.75 per diluted share. Guidance raised.","evidence_excerpt":"For fiscal 2024, the Company expects net sales of approximately $3.29 billion and net income between $125.0 million and $130.0 million, or between $2.65 and $2.75 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/821002/000155837023010823/0001558370-23-010823-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ending January 31, 2024"},{"label":"Revenue","value":"approximately $3.29 billion"},{"label":"Net income","value":"between $125.0 million and $130.0 million"},{"label":"EPS","value":"between $2.65 and $2.75 per diluted share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"2413ca37d2f500a7de448d4eccbb2aafc7bef3b2","claim":"G III APPAREL GROUP LTD /DE/ reported second quarter of fiscal year 2024 results: revenue approximately $595.0 million, net income in the range $(5.0) million and break even, EPS between $(0.10) and $0.00 per share. Guidance initiated.","evidence_excerpt":"For the second quarter of fiscal year 2024, the Company expects net sales of approximately $595.0 million compared to $605.2 million in the same period last year. The Company expects a net loss for the second quarter of fiscal 2024 in the range $(5.0) million and break even or between $(0.10) and $0.00 per share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/821002/000155837023010823/0001558370-23-010823-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of fiscal year 2024"},{"label":"Revenue","value":"approximately $595.0 million"},{"label":"Net income","value":"in the range $(5.0) million and break even"},{"label":"EPS","value":"between $(0.10) and $0.00 per share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"7f7076cbbf6412c37345fc3de77d2476bc76d3be","claim":"G III APPAREL GROUP LTD /DE/ reported first fiscal quarter ended April 30, 2023 results: revenue $606.6 million, net income $3.2 million, EPS $0.07 per diluted share.","evidence_excerpt":"Net sales for the first quarter ended April 30, 2023 decreased 11.9% to $606.6 million from $688.8 million in the prior year’s quarter. The Company reported net income for the first quarter of $3.2 million, or $0.07 per diluted share, compared to $30.6 million, or $0.62 per diluted share, in the prior year’s quarter.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/821002/000155837023010823/0001558370-23-010823-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first fiscal quarter ended April 30, 2023"},{"label":"Revenue","value":"$606.6 million"},{"label":"Net income","value":"$3.2 million"},{"label":"EPS","value":"$0.07 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}