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:   2025-06-06T23:59:59+00:00
Accession:  0001558370-25-008460
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

G-III Q1: EPS $0.17 beats guidance; withdraws FY net income guidance citing $135M tariff cost
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- Net sales $583.6M (-4% YoY); net income $7.8M ($0.17) vs $5.8M ($0.12); non-GAAP EPS $0.19.
- Reaffirms FY26 net sales ~$3.14B but withdraws EPS guidance; expects $135M unmitigated tariff cost.
- Q2 guidance: net sales ~$570M, EPS $0.02-$0.12 vs $0.53 last year.
- Debt reduced 96% to $18.7M; repurchased 807K shares for $19.7M.
- Owned brands DKNY, Karl Lagerfeld, Donna Karan grew double-digits, offsetting Calvin Klein exit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821002/000155837025008460/0001558370-25-008460-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821002/000155837025008460/giii-20250606x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-008460

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