G-III Apparel Group, Ltd. (NASDAQ:GIII) Q4 2024 Earnings Conference Call March 14, 2024 8:30 AM ET Company Participants Neal Nackman - CFO Morris Goldfarb - Chairman & CEO Conference Call Participants Edward Yruma - Piper Sandler Ashley Owens - KeyBanc Will Gaertner - Wells Fargo Mauricio Serna - UBS Janet Kloppenburg - JJK Research Associates Paul Kearney - Barclays Robert Rosenhaus - Telsey Advisory Group Operator Good day and thank you for standing by. Welcome to the G-III Apparel Group's Fourth Quarter ...

Shares of G-III Apparel Group (GIII -12.07%) dropped after the diversified company reported disappointing top-line results in its fourth-quarter earnings report. As a result, G-III stock was down 13.1% on the news as of 3:19 p.m. ET. G-III comes up short in Q4G-III, which licenses and owns several apparel brands, said that revenue in the quarter fell 10.5% to $764.8 million, which was well below estimates of $817.5 million. The company slashed its inventories in the quarter, which fell 27%, as part of a str ...

G-III Apparel Group, Ltd. (GIII) has posted fourth-quarter fiscal 2024 earnings, which beat the Zacks Consensus Estimate and improved year over year. However, sales missed the consensus mark and fell year over year.The company's diverse business model and disciplined operating approach notably strengthened its financial position. By the end of the year, G-III boasted a net cash position and more than a billion dollars in liquidity, reflecting its robust credit profile and financial health.G-III has also ini ...

G-III Apparel Group (GIII) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.43%. A quarter ago, it was expected that this clothing and accessories maker would post earnings of $2.08 per share when it actually produced earnings of $2.78, delivering a surprise of 33.65%.Over the last ...

NEW YORK--(BUSINESS WIRE)--G-III Apparel Group, Ltd. (NasdaqGS: GIII) today reported results for the fourth quarter and full fiscal year ended January 31, 2024. Morris Goldfarb, G-III’s Chairman and Chief Executive Officer, said, “This year was important for G-III as we began to execute on our path for the future, while delivering strong profitability. We delivered strong growth with DKNY, Karl Lagerfeld and Vilebrequin, increasing penetration of our higher margin, owned brands to 47% of fiscal 2024 net sa ...

Exhibit 99.1 G-III APPAREL GROUP, LTD. G-III APPAREL GROUP, LTD. REPORTS FOURTH QUARTER AND FULL-YEAR FISCAL 2024 RESULTS; PROVIDES FISCAL 2025 OUTLOOK New York, New York – March 14, 2024 -- G-III Apparel Group, Ltd. (NasdaqGS: GIII) today reported results for the fourth quarter and full fiscal year ended January 31, 2024. Morris Goldfarb, G-III's Chairman and Chief Executive Officer, said, "This year was important for G-III as we began to execute on our path for the future, while delivering strong profitab ...

G-III Apparel Group (GIII) ended the recent trading session at $31.85, demonstrating a +0.44% swing from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.6%. At the same time, the Dow lost 0.17%, and the tech-heavy Nasdaq lost 0.92%.The clothing and accessories maker's shares have seen an increase of 4.04% over the last month, surpassing the Consumer Discretionary sector's gain of 3.27% and the S&P 500's gain of 3.56%.The investment community will be paying close attention ...

The most recent trading session ended with G-III Apparel Group (GIII) standing at $31.34, reflecting a +1.23% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.96% for the day. Meanwhile, the Dow experienced a rise of 0.4%, and the technology-dominated Nasdaq saw an increase of 1.3%.Prior to today's trading, shares of the clothing and accessories maker had lost 0.74% over the past month. This has lagged the Consumer Discretionary sector's gain of 2. ...

Embodying all-American style with a New York spirit, Kaia Gerber takes center stage as the global face of the relaunch, bringing undeniably real sophistication to the campaign. "This season brings a whole new energy to DKNY, but with a laser focus on the original tone to build on the DNA of the brand," emphasizes Jeff Goldfarb, EVP at G-III Apparel Group. With a renewed focus on DKNY icons and fundamentals, the collection reimagines core elements like denim, blazers, trenches, and leather jackets—all refres ...

Companies in the Zacks Textile - Apparel industry are strengthening their omnichannel businesses to explore the potential of both physical and digital facets. Consumers’ growing inclination toward online shopping has put e-commerce at the forefront for players in the textile-apparel industry.Yet, inflationary pressures, coupled with a higher interest rate environment, are affecting several players. Yet, brand enhancement techniques, including innovations and acquisitions, position lululemon Athletica Inc. ( ...