G-iii Apparel Group Stock Earnings Reports

G-III reported a strong third quarter with net sales of $1.09 billion and non-GAAP net income of $116.3 million (non-GAAP EPS $2.59), driven by owned brands (DKNY, Karl Lagerfeld, Donna Karan and Vilebrequin) which collectively grew over 30%. Gross margins outperformed expectations driven by higher penetration of owned brands, inventory declined ~10% year-over-year and the company retired its $400 million 2025 Senior Secured Notes, improving net debt to $119 million. Management raised fiscal 2025 net sales guidance to ~$3.15 billion and raised full-year non-GAAP EPS guidance to $4.10–$4.20, while forecasting adjusted EBITDA of $309–$314 million and capital expenditures of ~ $50 million. Key strategic priorities highlighted: scaling owned brands (expecting multi-hundred-million to >$1B potential per major brand), building a complementary licensed portfolio (new deals include Converse, Nautica, Halston, Champion outerwear), expanding internationally (partnership with AWWG), and continuing retail turnaround toward profitability. Management remains cautiously optimistic but flagged near-term risks from unseasonable warm weather and supply disruptions; marketing and technology/talent investments are front-loaded this year to support brand launches and growth.