---
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"
generated_at: "2026-06-04T21:56:10.261686+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# G-III Apparel reports FY2024 net income $176.2M ($3.75 EPS); guides FY2025 EPS down to $3.50-$3.60

## Summary
- 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.

## SEC filing metadata
- 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
- 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/821002/000155837024003166/0001558370-24-003166-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821002/000155837024003166/giii-20240314x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-003166
- JSON: https://secwatch.observer/filing/0001558370-24-003166.json
- Plain text: https://secwatch.observer/filing/0001558370-24-003166.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fourth fiscal quarter and fiscal year ended January 31, 2024
  - Revenue: $764.8 million
  - Net income: $28.9 million, or $0.61 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/821002/000155837024003166/0001558370-24-003166-index.htm
- Earnings Releases
  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.
  - Period: the fiscal year ended January 31, 2024
  - Revenue: $3.10 billion
  - Net income: $176.2 million, or $3.75 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/821002/000155837024003166/0001558370-24-003166-index.htm

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