G-III Apparel Q1 EPS $0.12 beats guidance; raises FY2025 outlook; invests in AWWG

G III APPAREL GROUP LTD /DE/

2024-Q1 EPS reported $0.12 revenue$609,747,000

Q1 net sales $609.7M (up from $606.6M YoY); net income $5.8M ($0.12 EPS), above guidance.
Raises FY2025 EPS guidance to $3.58-$3.68; net sales reaffirmed at $3.2B.
Invests in All We Wear Group (AWWG) to accelerate European expansion; terms undisclosed.
ABL credit facility amended, upsized to $700M, maturity extended to 2029.
Q2 FY2025 guidance: net sales ~$650M, EPS $0.22-$0.32.

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