earnings
confidence high
sentiment positive
materiality 0.70
G-III Apparel Q3 EPS $2.55 beats guidance; raises FY25 EPS outlook
G III APPAREL GROUP LTD /DE/
2024-Q3 EPS reported
$3.17
revenue$2,341,261,000
- Q3 net sales $1.09B (+1.8% YoY); GAAP EPS $2.55 (down from $2.74), non-GAAP EPS $2.59 (down from $2.78).
- Raised FY25 GAAP EPS guidance to $4.08-$4.18 (prev $3.94-$4.04); non-GAAP EPS to $4.10-$4.20 (prev $3.95-$4.05).
- Owned brands DKNY, Karl Lagerfeld, Donna Karan, Vilebrequin grew organic sales >30% YoY.
- Inventories down 10% to $532.5M; total debt down 52% to $224.2M after redeeming $400M notes.
- FY25 net sales guidance reduced to ~$3.15B (from ~$3.20B) due to ~$55M brand-launch expenses.