The chart below shows how GIII performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GIII sees a -3.87% change in stock price 10 days leading up to the earnings, and a +0.57% change 10 days following the report. On the earnings day itself, the stock moves by +5.95%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Brand Growth Success: Our key owned brands, DKNY, Karl Lagerfeld, Donna Karan, and Vilebrequin, collectively grew over 30%.
Quarterly Net Sales Performance: Net sales for the quarter were $1.09 billion, generally in line with our expectations.
Inventory Status Update: Our inventory remains in good position, down approximately 10% from last year's third quarter.
Strong Gross Margin Performance: Our gross margin percentage came in stronger than we expected, reflecting the performance of our owned brands.
Net Debt Reduction: We ended the quarter in a net debt position of $119 million, compared to a net debt position of $265 million in the previous year.
Negative
Quarterly Net Sales Performance: Net sales for the third quarter ended October 31, 2024, were $1.09 billion, compared to $1.07 billion in the same period last year and in line with our expectations.
Wholesale Segment Performance: Net sales of our wholesale segment were $1.07 billion, driven by strong growth of our owned brands in North America, offset by a decline of the Calvin Klein and Tommy Hilfiger businesses.
Year-over-Year Comparison: This compares to $1.05 billion in the previous year.
Retail Segment Sales Increase: Net sales of our retail segment were $42 million for the quarter, compared to net sales of $33 million in the previous year's third quarter.
Strong Comp Growth: This increase was driven by strong double-digit comps increases in the quarter, despite the closing of seven stores.
G-III Apparel Group, Ltd. (GIII) Q3 2025 Earnings Call Transcript
GIII.O
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