- G-III published its annual report (Form 10-K), reporting net sales of USD 3.0 billion and net income attributable to shareholders of USD 67.4 million.
- Gross profit was USD 1.2 billion and selling, general and administrative expenses were USD 978.5 million.
- Operating profit was USD 108.0 million and asset impairments were USD 48.6 million, primarily including a USD 40.0 million impairment tied to minority investments in Saks Global and Saks Off 5th.com.
- Net sales fell 7.04% to USD 3.0 billion, driven by lower unit shipments partly offset by a slightly higher average price, including a USD 285.8 million decline in Calvin Klein and Tommy Hilfiger licensed products due in part to several expired licenses.
- Management said gross profit margin decreased 1.4 percentage points to 39.4% primarily due to the impact of tariffs, and reported cash and cash equivalents of USD 406.7 million with approximately USD 510.0 million of availability under its revolving credit facility.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. G-III Apparel Group Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-033891), on March 24, 2026, and is solely responsible for the information contained therein.
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