secwatch.observer — SEC 8-K summary
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Issuer:     G III APPAREL GROUP LTD /DE/ (GIII)
CIK:        0000821002
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001558370-24-016107
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

G-III Apparel Q3 EPS $2.55 beats guidance; raises FY25 EPS outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821002/000155837024016107/0001558370-24-016107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821002/000155837024016107/giii-20241210x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-016107

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer