{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-003166","form_type":"8-K","ticker":"GIII","cik":"0000821002","company_name":"G III APPAREL GROUP LTD /DE/","filed_at":"2024-03-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.003719+00:00","generated_at":"2026-06-04T21:56:10.261686+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"G-III Apparel reports FY2024 net income $176.2M ($3.75 EPS); guides FY2025 EPS down to $3.50-$3.60","bullets":["FY2024 net sales $3.10B (-4% YoY); net income $176.2M ($3.75 diluted EPS) vs. net loss of $(133.1M) last year.","Non-GAAP EPS for FY2024: $4.04, exceeding prior guidance; net cash position $90M with over $1B liquidity.","Owned brands penetration reached 47% of sales vs. 40% in prior year; inventories down 27%.","FY2025 guidance: net sales ~$3.20B, EPS $3.50-$3.60 (below FY2024 non-GAAP $4.04); adjusted EBITDA $290-295M.","First quarter FY2025 expected net loss up to $(5M); company to incur ~$60M incremental expenses for brand launches."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-003166","json":"https://secwatch.observer/filing/0001558370-24-003166.json","markdown":"https://secwatch.observer/filing/0001558370-24-003166.md","text":"https://secwatch.observer/filing/0001558370-24-003166.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/821002/000155837024003166/0001558370-24-003166-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/821002/000155837024003166/giii-20240314x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T21:56:10.261686+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":"1db06f432d80a60841f79d7d55f636ae50c9c44d","claim":"G III APPAREL GROUP LTD /DE/ reported the fourth fiscal quarter and fiscal year ended January 31, 2024 results: revenue $764.8 million, net income $28.9 million, or $0.61 per diluted share.","evidence_excerpt":"Net sales for the fourth quarter ended January 31, 2024 decreased 10.5% to $764.8 million from $854.4 million in the prior year’s quarter. Net income for the fourth quarter was $28.9 million, or $0.61 per diluted share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/821002/000155837024003166/0001558370-24-003166-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth fiscal quarter and fiscal year ended January 31, 2024"},{"label":"Revenue","value":"$764.8 million"},{"label":"Net income","value":"$28.9 million, or $0.61 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"1ec8554ef3749ee1388328893ccabf6a90561ab0","claim":"G III APPAREL GROUP LTD /DE/ reported the fiscal year ended January 31, 2024 results: revenue $3.10 billion, net income $176.2 million, or $3.75 per diluted share.","evidence_excerpt":"Net sales for the fiscal year ended January 31, 2024 decreased 4.0% to $3.10 billion from $3.23 billion in the prior year. The Company reported net income for the fiscal year of $176.2 million, or $3.75 per diluted share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/821002/000155837024003166/0001558370-24-003166-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended January 31, 2024"},{"label":"Revenue","value":"$3.10 billion"},{"label":"Net income","value":"$176.2 million, or $3.75 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"}