April

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<p class="has-drop-cap">G-III Apparel Group, Ltd. (NASDAQ: GIII) reported a robust performance for the <a aria-label="first quarter of fiscal 2025 (opens in a new tab)" href="https://www.businesswire.com/news/home/20240606744283/en/G-III-Apparel-Group-Ltd.-Reports-First-Quarter-Fiscal-2025-Results-Updates-Fiscal-2025-Outlook" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">first quarter of fiscal 2025</a>, which ended April 30, 2024. <br><br>The company’s net sales were $609.7 million, a slight increase from $606.6 million in the same quarter last year. Net income significantly rose to $5.8 million, or $0.12 per diluted share, compared to $3.2 million, or $0.07 per diluted share, in the prior year’s quarter.</p>
<p>The company’s non-GAAP net income per diluted share remained steady at $0.12, as there were no non-GAAP adjustments during this period. Morris Goldfarb, G-III’s Chairman and CEO, attributed the strong start to fiscal 2025 to double-digit increases in DKNY and Karl Lagerfeld and a successful relaunch of Donna Karan. Goldfarb highlighted the company’s strategic investment in All We Wear Group (AWWG) to accelerate its European expansion.</p>
<p>Additionally, the amendment and extension of their ABL credit facility to $700 million, extending the maturity to 2029, further solidifies G-III’s financial position. With approximately $1 billion in cash and availability, the company is well-positioned to continue investing in its brands and infrastructure.</p>
<h3 id="g-iii-apparel-group-reports-0-12-eps-against-0-03-expected">G-III Apparel Group Reports $0.12 EPS Against -$0.03 Expected</h3>
<p>When comparing the current performance against expectations, G-III Apparel Group exceeded its earnings per share (<a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="noopener noreferrer nofollow" class="deco-link">EPS</a>) projections. <br><br>The expectations for the quarter were an EPS of -0.03, but the company delivered an EPS of $0.12 per diluted share. This notable performance was driven by strategic investments and a strong market response to their owned brands. Revenue expectations were set at $614.35 million. While the actual revenue of $609.7 million fell slightly short, the company’s overall financial health and strategic moves overshadowed this minor shortfall.</p>
<p>The increase in net income and EPS indicates effective cost management and successful brand investments. Despite the marginal miss on revenue expectations, the company’s ability to surpass EPS forecasts by a significant margin demonstrates strong operational efficiency.</p>
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<h3 id="g-iii-apparel-group-updates-full-year-outlook-expects-net-sales-of-approx-3-2-billion-eps-between-3-58-and-3-68">G-III Apparel Group Updates Full Year Outlook, Expects Net Sales of Approx. $3.2 Billion, EPS between $3.58 and $3.68</h3>
<p>G-III Apparel Group has updated its fiscal 2025 outlook with cautious optimism. The company expects net sales of approximately $3.20 billion and net income between $170.0 million and $175.0 million, or between $3.58 and $3.68 per diluted share. <br><br>This forecast compares to net sales of $3.10 billion and net income of $176.2 million, or $3.75 per diluted share, for fiscal 2024. The guidance reflects a balanced approach, considering incremental expenses associated with new product launches and marketing initiatives. <br><br>For the second quarter of fiscal 2025, G-III anticipates net sales of approximately $650.0 million, compared to $659.8 million in the same period last year. Net income is expected to range between $10.0 million and $15.0 million, or $0.22 and $0.32 per share, compared to $16.4 million, or $0.35 per diluted share, in the previous year’s second quarter. The guidance takes into account the ongoing investments in marketing and technology to support brand expansion and operational capabilities.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/g-iii-apparel-group-beats-q1-expectations-with-0-12-eps/">G-III Apparel Group Beats Q1 Expectations with $0.12 EPS</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

G-III Apparel Group Beats Q1 Expectations with $0.12 EPS

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