---
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"
generated_at: "2026-06-14T07:02:10.821769+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# G-III Apparel Q1 FY2024 beats guidance; raises full-year outlook; signs Halston license

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-010823
- JSON: https://secwatch.observer/filing/0001558370-23-010823.json
- Plain text: https://secwatch.observer/filing/0001558370-23-010823.txt

## Key facts
- Earnings Releases
  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.
  - Period: fiscal year ending January 31, 2024
  - 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
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/821002/000155837023010823/0001558370-23-010823-index.htm
- Earnings Releases
  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.
  - Period: second quarter of fiscal year 2024
  - 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
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/821002/000155837023010823/0001558370-23-010823-index.htm
- Earnings Releases
  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.
  - Period: first fiscal quarter ended April 30, 2023
  - Revenue: $606.6 million
  - Net income: $3.2 million
  - EPS: $0.07 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/821002/000155837023010823/0001558370-23-010823-index.htm

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