G-III Apparel Group Ltd (NAS:GIII)
$ 31.15 -0.12 (-0.38%) Market Cap: 1.37 Bil Enterprise Value: 1.59 Bil PE Ratio: 7.79 PB Ratio: 0.90 GF Score: 76/100
Back to the Transcripts List

Q1 2025 G-III Apparel Group Ltd Earnings Call Transcript

Jun 06, 2024 / 12:30PM GMT
Release Date Price: $27.08 (-13.48%)

Key Points

Positve
  • Net sales for the first quarter were $610 million, in line with expectations.
  • Gross margin rate expanded by 130 basis points.
  • Inventory levels decreased by approximately 24% from the previous year's first quarter.
  • Strong double-digit sales increases in DKNY and Karl Lagerfeld.
  • Successful partnership with AWWG to expand European presence and leverage operational capabilities.
Negative
  • Non-GAAP earnings per diluted share decreased slightly from $0.13 last year to $0.12.
  • Retail segment net sales showed minimal growth, from $30 million to $31 million, despite closing nine doors.
  • Non-GAAP SG&A expenses increased from $226 million to $237 million.
  • Gross margin percentage in retail operations decreased from 50.9% to 47%.
  • Second quarter net sales guidance is slightly lower than the same period last year, at $650 million compared to $660 million.
Operator

Good day and thank you for standing by. Welcome to G-III Apparel Group first quarter fiscal 2025 earnings conference. (Operator Instructions) Please note that today's conference is being recorded.

I will now hand the conference over to your speaker host, Mr. Neal Nackman, Chief Financial Officer. Please go ahead, sir.

Neal Nackman
G-III Apparel Group Ltd - Chief Financial Officer, Treasurer

Good morning, and thank you for joining us. Before we begin, I would like to remind participants that certain statements made on today's call and in the Q&A session may constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are not guarantees and actual results may differ materially from those expressed or implied in forward-looking statements.

Important factors that could cause actual results of operations or the financial condition of the company to differ or discussed in the documents filed by the company with the SEC. The company undertakes no duty to update any forward-looking

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.