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G-III Apparel Group Ltd (NasdaqGS: GIII) is a global leader in fashion, renowned for its expertise in design, sourcing, and marketing. Founded in 1956 by Aron Goldfarb, the company has grown to become one of the world's premier designers and manufacturers of quality apparel, footwear, and accessories. The company operates through two main segments: Wholesale Operations and Retail Operations.
G-III's Wholesale Operations include sales of products under its own brands, licensed brands, and private-label brands. The company boasts a robust portfolio, anchored by iconic brands such as DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld. The Retail Operations segment primarily consists of stores branded as Wilsons Leather, G.H. Bass, and DKNY, further expanding the company's market reach.
G-III Apparel Group is committed to innovation and quality. Recently, the company unveiled the Donna Karan New York Spring 2024 campaign, celebrating the brand's heritage and future. This campaign, photographed by Annie Leibovitz, features eight iconic women and marks a new chapter for Donna Karan, emphasizing the brand's timeless elegance and accessible luxury.
The company also announced a significant partnership with the New York Yankees. DKNY, one of G-III's flagship brands, has a prominent presence at Yankee Stadium, reinforcing its deep-rooted connection with sports and its multifaceted marketing strategy.
G-III’s financial condition remains robust, with most of its revenues derived from its Wholesale Operations. The company's diverse portfolio and strategic partnerships ensure its continued growth and relevance in the global fashion industry.
G-III Apparel Group reported strong Q3 fiscal 2025 results, with net sales increasing 1.8% to $1.09 billion compared to $1.07 billion last year. The company's key owned brands (DKNY, Karl Lagerfeld, Donna Karan, and Vilebrequin) achieved over 30% organic growth. Net income was $114.8 million, or $2.55 per diluted share, compared to $127.6 million ($2.74 per share) in the prior year.
The company raised its fiscal 2025 guidance, now expecting net sales to increase by approximately 2% to $3.15 billion. Inventories decreased 10% to $532.5 million, and total debt decreased 52% to $224.2 million. The company voluntarily redeemed $400 million in senior secured notes in August 2024.
G-III Apparel Group (NASDAQ: GIII) has announced it will release its third quarter 2025 earnings before market opens on Tuesday, December 10, 2024. The company will host a conference call at 8:30 a.m. ET the same day, including a Q&A session for investors.
G-III is a global fashion leader specializing in design, sourcing, and marketing. The company owns ten iconic brands including DKNY, Karl Lagerfeld, Donna Karan, and Vilebrequin, while licensing over 20 brands such as Calvin Klein, Tommy Hilfiger, Nautica, and others.
G-III Apparel Group, (GIII) reported strong Q2 fiscal 2025 results, with net sales of $644.8 million, slightly down from $659.8 million last year. The company exceeded guidance with non-GAAP net income per diluted share of $0.52. DKNY and Karl Lagerfeld brands collectively grew double-digits, and the Donna Karan relaunch was successful. G-III announced a new global apparel license for Converse, expanding its active lifestyle category. The company raised its fiscal 2025 outlook, expecting net sales to increase by 3% to $3.20 billion and non-GAAP diluted EPS between $3.95 and $4.05. G-III also repaid $400 million in senior secured notes and repurchased 1.2 million shares for $31.6 million.
G-III Apparel Group (NASDAQ: GIII) has announced the release date for its second quarter 2025 earnings. The global fashion leader will unveil its financial results before the market opens on Thursday, September 5, 2024. Following the release, management will host a conference call at 8:30 a.m. ET to discuss the results and engage in a Q&A session with the investment community.
Interested participants can register for the telephone conference through a provided link, receiving dial-in details upon registration. Additionally, a live audio webcast will be available on the company's Investor Relations website. G-III Apparel Group, known for its expertise in design, sourcing, and manufacturing, owns and licenses a portfolio of over 30 prominent fashion brands, including DKNY, Karl Lagerfeld, and Calvin Klein.
DKNY unveils its Fall 2024 campaign featuring Kaia Gerber as the global face for the second season. The campaign, photographed by Mikael Jansson and styled by Alastair McKimm, celebrates New York City's creative energy and iconic literature. Set against the city's backdrop, it incorporates quotes from famous books about New York.
The campaign showcases DKNY's 35th anniversary collection, DKNY est. 1989, which blends archive-inspired pieces with contemporary styles. The Fall 2024 collection emphasizes a fusion of timeless style and modern individuality, reflecting DKNY's iconic attitude and forward-thinking mindset.
Launching globally through digital, print, outdoor media, and social partnerships, the campaign marks a defining moment in DKNY's evolution, highlighting its commitment to creativity, authenticity, and accessibility.
Donna Karan New York unveils its Fall 2024 Campaign, "Reflections on Women," building on the success of its spring relaunch. The campaign features eight iconic women who embody the brand's past, present, and future, including Christy Turlington and Amber Valletta. Photographed by Mikael Jansson, the campaign celebrates the multi-faceted nature of modern women.
The Fall 2024 Collection draws inspiration from New York's urban landscape, featuring a predominantly black and gray palette with vibrant accents. The line includes architectural dresses, burnout fabrics, and textured jacquards. The collection will be available in select North American retailers on August 15, 2024, and on DonnaKaran.com.
G-III Apparel Group, (Nasdaq: GIII) has increased its investment in All We Wear Group (AWWG) from 12% to approximately 19%. AWWG, a premier platform for international brands, owns Pepe Jeans London, Hackett, and Façonnable, generating over $650 million in revenues across 3,500+ points of sale in 86+ countries.
As part of the partnership, AWWG becomes the official agent for DKNY, Donna Karan, and Karl Lagerfeld in Spain and Portugal. G-III plans to leverage AWWG's presence in India to expand its key brands, while AWWG will benefit from G-III's North American operations. This strategic move aligns with G-III's growth priorities and aims to accelerate international expansion of its owned brands.
G-III Apparel Group (Nasdaq: GIII) has announced a strategic partnership with All We Wear Group (AWWG), obtaining a 12% ownership stake. AWWG will act as the agent for G-III's brands DKNY, Donna Karan, and Karl Lagerfeld in Spain and Portugal. AWWG, which oversees brands like Hackett, Pepe Jeans, and Façonnable, generates $650 million in revenue across 3,500 points of sale in 86 countries. This partnership aims to expand G-III's presence in Europe and India, while AWWG will leverage G-III's North American operations to grow its brands. The collaboration promises to accelerate the European expansion of G-III's key brands and support AWWG's growth in North America.
G-III Apparel Group (NasdaqGS: GIII) reported its Q1 Fiscal 2025 results with net sales of $609.7 million, a slight increase from $606.6 million last year. Net income was $5.8 million, or $0.12 per diluted share, compared to $3.2 million and $0.07 per share in the prior year, reflecting strong performance from brands like DKNY and Karl Lagerfeld. The company raised its GAAP and Non-GAAP net income per diluted share guidance for Fiscal 2025 and invested in AWWG for European expansion. G-III also amended and upsized its ABL credit facility to $700 million, extending its maturity to 2029. Fiscal 2025 net sales are projected at $3.20 billion, with net income expected between $170.0 million and $175.0 million. For Q2 FY2025, net sales are anticipated to be around $650.0 million with net income ranging from $10.0 million to $15.0 million.
G-III Apparel Group will release its first quarter 2025 earnings on June 6, 2024, before the market opens. The management will host a conference call at 8:30 a.m. ET the same day to discuss the results, followed by a Q&A session. Investors can register for the call in advance through a provided link, which will give them a unique passcode and dial-in number. The call can also be accessed via a live audio webcast on the company's Investor Relations website. A replay will be available.
G-III Apparel Group is a global fashion leader with a diverse portfolio of over 30 brands, including DKNY, Karl Lagerfeld, Calvin Klein, and Tommy Hilfiger. The company specializes in design, sourcing, and marketing, with a strong focus on unique brand propositions and consumer touch points.
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