G-III Apparel (GIII)

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Is GIII Apparel Group (GIII) a Great Value Stock Right Now?
ZACKS· 2024-06-11 14:40
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. These are only a few of the key metrics included in GIII Apparel Group's strong Value grade, but they help show that the stock is likely undervalued right now. When ...
G-III Apparel: Q1 2025 Was Good For Its Brands, The Stock Is More Attractive Now
Seeking Alpha· 2024-06-08 11:42
Core Viewpoint - G-III Apparel Group reported flat revenues in 1Q25, missing consensus estimates, leading to a 15% decline in stock price, but the underlying performance of proprietary brands showed strong growth of 16% YoY, indicating potential for future profitability [2][3][4] Financial Performance - The company missed consensus revenues by approximately 1% and reported flat sales, with licensed segment sales down 13% due to poor performance of key brands [3][4] - Proprietary brands grew by 16.7% in the quarter, indicating strong demand and resilience in a challenging wholesale market [3] - Gross margins increased by 130 basis points, while operating margins fell slightly by 30 basis points to 2.2% due to increased SG&A expenses [4] - Inventories decreased by 22% despite flat sales, reflecting efficient inventory management [4] Brand Developments - G-III's proprietary brands are expanding, with Karl Lagerfeld launching new product categories and Vilebrequin planning to open 15 beach clubs [6] - DKNY's fall collection features a campaign with influencer Kaia Gerber, while Donna Karan's relaunch includes a campaign with notable legacy models [6] - The company made a $54 million investment in AWWG Group for a 12% equity stake, which is expected to enhance growth in Europe [6] Valuation and Future Outlook - G-III has a market cap of $1.22 billion, with an enterprise value of $1.15 billion, reflecting stable fundamentals despite stock price fluctuations [7] - The company projects revenues of $3.2 billion for the year, with proprietary brands expected to account for 70% of sales [7] - An operating margin of 7.3% on proprietary brands is deemed achievable, given current performance metrics and historical data [7] - The licensed business is viewed as a temporary asset, allowing for a more favorable valuation of the proprietary brand segment [7]
G-III Apparel (GIII) Q1 Earnings Beat Estimates, Sales Rise Y/Y
ZACKS· 2024-06-07 12:30
G-III Apparel Group, Ltd. (GIII) has posted first-quarter fiscal 2025 earnings, which beat the Zacks Consensus Estimate but declined year over year. Sales missed the consensus mark but improved year over year. Shares of this Zacks Rank #3 (Hold) company have surged 33.5%, outperforming the industry's 0.3% decline in the past year. Adjusted earnings of 12 cents per share outpaced the Zacks Consensus Estimate of an adjusted loss of 5 cents. However, the bottom line decreased from the year-earlier quarter's ad ...
G-III Apparel (GIII) - 2025 Q1 - Quarterly Report
2024-06-06 20:26
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-18183 G-III APPAREL GROUP, LTD. (Exact name of registrant as specified in its charter) Delaware 41-1590959 (Sta ...
G-III Apparel (GIII) - 2025 Q1 - Earnings Call Transcript
2024-06-06 17:02
G-III Apparel Group, Ltd. (NASDAQ:GIII) Q1 2025 Earnings Conference Call June 6, 2024 8:30 AM ET Company Participants Morris Goldfarb - Chairman & CEO Neal Nackman - CFO Conference Call Participants Ashley Owens - KeyBanc Capital Markets Will Gaertner - Wells Fargo Securities Mauricio Serna - UBS Paul Kearney - Barclays Dana Telsey - Telsey Advisory Group Operator Good day and thank you for standing by. Welcome to the G-III Apparel Group's First Quarter Fiscal 2025 Earnings Conference Call. At this time, al ...
G-III Apparel Group (GIII) Q1 Earnings Beat Estimates
ZACKS· 2024-06-06 13:11
This quarterly report represents an earnings surprise of 340%. A quarter ago, it was expected that this clothing and accessories maker would post earnings of $0.67 per share when it actually produced earnings of $0.76, delivering a surprise of 13.43%. G-III Apparel, which belongs to the Zacks Textile - Apparel industry, posted revenues of $609.75 million for the quarter ended April 2024, missing the Zacks Consensus Estimate by 0.87%. This compares to year-ago revenues of $606.59 million. The company has top ...
G-III Apparel (GIII) - 2025 Q1 - Quarterly Results
2024-06-06 11:30
Exhibit 99.1 G-III APPAREL GROUP, LTD. G-III APPAREL GROUP, LTD. REPORTS FIRST QUARTER FISCAL 2025 RESULTS; UPDATES FISCAL 2025 OUTLOOK New York, New York – June 6, 2024 -- G-III Apparel Group, Ltd. (NasdaqGS: GIII) today reported results for the first quarter of fiscal 2025, ended April 30, 2024. Morris Goldfarb, G-III's Chairman and Chief Executive Officer, said, "We had a strong start to fiscal 2025, delivering first quarter earnings per diluted share well ahead of our expectations. Our performance was d ...
ReGen III Announces Closing of Initial Tranche of Convertible Debenture Offering
Newsfile· 2024-05-31 07:01
Vancouver, British Columbia--(Newsfile Corp. - May 31, 2024) - ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) ("ReGen III" or the "Company"), a leading clean technology company commercializing the patented ReGen™ process to upcycle used motor oil ("UMO") into high-value Group III base oils, is pleased to announce the closing of an initial tranche of 775 Convertible Debenture Units (the "Units") at a price of CAD$1,000 per Unit for aggregate gross proceeds of CAD$775,000, pursuant to its non-brokered ...
DKNY STEPS UP TO THE PLATE WITH AN ICONIC BILLBOARD AT YANKEE STADIUM
Prnewswire· 2024-04-02 13:15
DKNY has always had a connection and deep-rooted relationship with sports, with multiple past collaborations with the New York Yankees. G-III Apparel Group has a longstanding history of holding licensing agreements with MLB, the NHL, and the NFL. "This unique partnership is part of DKNY's overall brand strategy to increase visibility across multiple media channels to a loyal and passionate audience," states Jeff Goldfarb, EVP at G-III Apparel Group. "DKNY has had a longstanding relationship with the New Yo ...
G-III Apparel (GIII) - 2024 Q4 - Annual Report
2024-03-25 21:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-18183 G-III APPAREL GROUP, LTD. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or or ...