G-III Apparel Group, Ltd. Reports Fourth Quarter and Full Year Fiscal 2026 Results; Provides Fiscal 2027 Outlook
Rhea-AI Summary
G-III Apparel Group (Nasdaq: GIII) reported fiscal 2026 net sales of $2.96 billion, down 7% year-over-year, and GAAP net income of $67.4 million or $1.51 per diluted share.
The company recorded $46.1 million of asset impairments and $17.5 million of bad debt expense tied to the Saks Global bankruptcy. Year-end cash was $406.7 million, and capital returned to shareholders totaled $54.0 million. G-III initiated a $25 million run-rate cost savings program and expects fiscal 2027 net sales of about $2.71 billion with net income of $88–92 million.
Positive
- Fiscal 2027 net income guidance of $88–92M (≈30%+ increase vs FY2026)
- Year-end cash balance of $406.7M, up from $181.4M
- Returned $54.0M to shareholders in fiscal 2026 (share repurchases and dividends)
- Initiated $25M run-rate cost savings targeting fiscal 2028
Negative
- Fiscal 2026 net sales declined to $2.96B (down 7% YoY)
- Fiscal 2027 net sales outlook ~$2.71B, reflecting $470M lost sales from Calvin Klein and Tommy Hilfiger
- Adjusted EBITDA guidance of $158–162M vs $192.4M in FY2026 (expected decline)
- Fourth-quarter included $46.1M asset impairments and $17.5M Saks-related bad debt
News Market Reaction – GIII
In the Mar 12 session, GIII declined 11.43%, reflecting a significant negative market reaction. Argus tracked a trough of -7.8% from its starting point during tracking. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 05 | Earnings date notice | Neutral | -1.7% | Announced timing of Q4 and full-year FY26 earnings release and call. |
| Feb 12 | Brand campaign launch | Neutral | -0.3% | Donna Karan Spring 2026 campaign featuring high-profile models and new collection. |
| Feb 10 | Brand campaign launch | Neutral | +0.6% | DKNY Spring 2026 campaign starring Hailey Bieber and global rollout. |
| Dec 09 | Earnings and dividend | Positive | +3.9% | Q3 FY26 beat with raised EPS guidance and first-ever quarterly dividend. |
| Dec 02 | Earnings date notice | Neutral | -0.2% | Set release date and call details for Q3 FY26 earnings update. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Over the past six months, marketing and scheduling headlines had limited impact, while fundamental earnings/dividend news aligned with positive price reactions.
Recent history shows GIII using brand campaigns (DKNY, Donna Karan) and product marketing to support its portfolio, but these headlines produced modest share moves of under 1%. In contrast, the December 2025 third-quarter earnings and dividend initiation, with net sales of $988.6M and GAAP diluted EPS of $1.84, coincided with a stronger 3.88% gain, indicating investors responded more to financial outperformance and capital returns. Today’s full-year fiscal 2026 results and fiscal 2027 outlook fit into this pattern of fundamentals driving the more meaningful reactions.
Key Terms
non-gaap financial
adjusted ebitda financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Net Sales of
$2.96 Billion for Fiscal 2026, Down7% Compared to Prior Year - Fiscal 2026 Net Sales Impacted by Lost Sales From PVH Brands of
$254 Million With Key Owned Brands Up Mid-Single Digits - Reported EPS of
$1.51 for Fiscal 2026 - Non-GAAP EPS of
$2.61 for Fiscal 2026, Inclusive of a$0.30 Impact From Bad Debt Expense Related to the Saks Global Bankruptcy - Year-End Cash of
$407 Million - Return of Capital to Shareholders of Over
$50 Million in Fiscal 2026 - Initiated
$25 Million Run-Rate Cost Savings Initiative
NEW YORK, March 12, 2026 (GLOBE NEWSWIRE) -- G-III Apparel Group, Ltd. (NasdaqGS: GIII) (“G-III” or the “Company”) today reported results for the fourth quarter and full fiscal year 2026, ended January 31, 2026.
Morris Goldfarb, G-III’s Chairman and Chief Executive Officer, said, “Fiscal 2026 was a pivotal year for G-III. The strength and global recognition of our brands, together with a disciplined operating model and strong balance sheet, enabled us to deliver solid performance despite a challenging environment. For the full year, our go forward portfolio produced strong results, led by our key owned brands, with higher quality revenue, improved full-price sell-throughs, and accelerating global relevance throughout the year. I am proud of the results our team delivered and the meaningful progress we made advancing our long-term strategy.”
Mr. Goldfarb concluded, “Looking to fiscal 2027, we are building on the momentum of our go-forward portfolio, which we expect to deliver high-single digit growth for the year, helping to offset the significant lost sales as we exit the Calvin Klein and Tommy Hilfiger businesses. We are focused on driving gross margin expansion while streamlining our cost structure to unlock productivity and profitability across the business. With over
Results of Operations
Fourth Quarter Fiscal 2026
Net sales for the fourth quarter ended January 31, 2026 decreased
Net income (loss) for the fourth quarter ended January 31, 2026 was a net loss of
Non-GAAP net income per diluted share was
Fiscal 2026
Net sales for the fiscal year ended January 31, 2026 decreased
Net income for the fiscal year ended January 31, 2026 was
Non-GAAP net income per diluted share was
Balance Sheet and Capital Allocation
Cash and cash equivalents were
Inventories decreased
Capital return to shareholders of
Cost Savings Initiatives
In an effort to enhance profitability, the Company is implementing initiatives to drive savings and efficiencies in its operations, which it expects will result in run-rate savings of
Outlook
The Company today issued its outlook for the first quarter and full fiscal year ending January 31, 2027. The Company's outlook assumes tariffs reflecting the most recent 2025 IEEPA guidelines.
Fiscal 2027
Net sales for fiscal 2027 are expected to be approximately
Net income is expected to be between
Non-GAAP net income is expected to be between
Adjusted EBITDA is expected to be between
Net interest income is expected to be approximately
Tax rate is estimated to be
First Quarter Fiscal 2027
Net sales for the first quarter fiscal 2027 are expected to be approximately
Net loss for the first quarter of fiscal 2027 is expected to be between
Non-GAAP Financial Measures
Reconciliations of GAAP net income (loss) to non-GAAP net income (loss), GAAP net income (loss) per diluted share to non-GAAP net income (loss) per diluted share and GAAP net income (loss) to adjusted EBITDA are presented in tables accompanying the financial statements included in this release and provide useful information to evaluate the Company’s operational performance. A description of the amounts excluded on a non-GAAP basis are provided in conjunction with these tables. Non-GAAP net income (loss), non-GAAP net income (loss) per diluted share and adjusted EBITDA should be evaluated in light of the Company’s financial statements prepared in accordance with GAAP.
About G-III Apparel Group, Ltd.
G-III Apparel Group, Ltd. is a global fashion leader with expertise in design, sourcing, distribution, and marketing. The Company owns and licenses a portfolio of more than 30 preeminent brands, each differentiated by unique brand propositions, product categories, and consumer touchpoints. G-III owns ten iconic brands, including DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin, and licenses over 20 of the most sought-after names in global fashion, including Calvin Klein, Tommy Hilfiger, Levi’s, Nautica, Halston, Champion, Converse, BCBG, French Connection, Starter and major national sports leagues, among others.
Statements concerning G-III's business outlook or future economic performance, anticipated revenues, expenses, cost savings or other financial items; product introductions and plans and objectives related thereto; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters are "forward-looking statements" as that term is defined under the federal securities laws. Forward-looking statements are subject to risks, uncertainties and factors which include, but are not limited to, risks related to the reliance on licensed product, risks relating to G-III’s ability to increase revenues from sales of its other products, new acquired businesses or new license agreements as licenses for Calvin Klein and Tommy Hilfiger product expire on a staggered basis, reliance on foreign manufacturers, risks of doing business abroad, supply chain disruptions, risks related to acts of terrorism and the effects of war, the current economic and credit environment risks related to our indebtedness, the nature of the apparel industry, including changing customer demand and tastes, customer concentration, seasonality, risks of operating a retail business, risks related to G-III’s ability to reduce the losses incurred in its retail operations, customer acceptance of new products, the impact of competitive products and pricing, dependence on existing management, possible disruption from acquisitions, the impact on G-III’s business of the imposition of tariffs by the United States government and business and general economic conditions, including inflation and higher interest rates, as well as other risks detailed in G-III's filings with the Securities and Exchange Commission. G-III assumes no obligation to update the information in this release.
| G-III APPAREL GROUP, LTD. AND SUBSIDIARIES (Nasdaq: GIII) CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) | ||||||||||||||||
| Three Months Ended January 31, | Year Ended January 31, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| (Unaudited) | (Unaudited) | |||||||||||||||
| Net sales | $ | 771,488 | $ | 839,535 | $ | 2,957,012 | $ | 3,180,796 | ||||||||
| Cost of goods sold | 486,007 | 507,907 | 1,792,983 | 1,882,270 | ||||||||||||
| Gross profit | 285,481 | 331,628 | 1,164,029 | 1,298,526 | ||||||||||||
| Selling, general and administrative expenses | 259,693 | 244,921 | 978,462 | 969,812 | ||||||||||||
| Depreciation and amortization | 7,921 | 6,740 | 29,016 | 27,444 | ||||||||||||
| Asset impairments | 46,958 | 8,195 | 48,565 | 8,195 | ||||||||||||
| Operating profit (loss) | (29,091 | ) | 71,772 | 107,986 | 293,075 | |||||||||||
| Other income (loss) | (976 | ) | (2,141 | ) | 3,191 | (4,374 | ) | |||||||||
| Interest and financing charges, net | (122 | ) | (2,184 | ) | (508 | ) | (18,842 | ) | ||||||||
| Income (loss) before income taxes | (30,189 | ) | 67,447 | 110,669 | 269,859 | |||||||||||
| Income tax expense | 1,749 | 18,663 | 43,316 | 76,566 | ||||||||||||
| Net income (loss) | $ | (31,938 | ) | $ | 48,784 | $ | 67,353 | $ | 193,293 | |||||||
| Less: Loss attributable to noncontrolling interests | — | — | — | (273 | ) | |||||||||||
| Net income (loss) attributable to G-III Apparel Group, Ltd. | $ | (31,938 | ) | $ | 48,784 | $ | 67,353 | $ | 193,566 | |||||||
| Net income (loss) attributable to G-III Apparel Group, Ltd. per common share: | ||||||||||||||||
| Basic | $ | (0.76 | ) | $ | 1.11 | $ | 1.58 | $ | 4.35 | |||||||
| Diluted | $ | (0.76 | ) | $ | 1.07 | $ | 1.51 | $ | 4.20 | |||||||
| Weighted average shares outstanding: | ||||||||||||||||
| Basic | 42,189 | 43,886 | 42,734 | 44,450 | ||||||||||||
| Diluted | 42,189 | 45,703 | 44,504 | 46,116 | ||||||||||||
| Selected Balance Sheet Data (in thousands): | At January 31, | |||||
| 2026 | 2025 | |||||
| (Unaudited) | ||||||
| Cash and cash equivalents | $ | 406,662 | $ | 181,440 | ||
| Working capital | 923,382 | 824,864 | ||||
| Inventories | 460,029 | 478,086 | ||||
| Total assets | 2,610,820 | 2,483,234 | ||||
| Long-term debt | 11,742 | 6,159 | ||||
| Operating lease liabilities | 272,957 | 271,525 | ||||
| Total stockholders' equity | 1,760,323 | 1,679,481 | ||||
| G-III APPAREL GROUP, LTD. AND SUBSIDIARIES RECONCILIATION OF GAAP NET INCOME (LOSS) TO NON-GAAP NET INCOME (In thousands) | ||||||||||||||||
| Three Months Ended January 31, | Year Ended January 31, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| (Unaudited) | ||||||||||||||||
| GAAP net income (loss) attributable to G-III Apparel Group, Ltd. | $ | (31,938 | ) | $ | 48,784 | $ | 67,353 | $ | 193,566 | |||||||
| Excluded from non-GAAP: | ||||||||||||||||
| Asset impairments | 46,958 | 8,195 | 48,565 | 8,195 | ||||||||||||
| Strategic opportunity related professional fees | (83 | ) | — | 2,282 | — | |||||||||||
| One-time warehouse related severance expenses | — | 1,349 | 1,327 | 1,908 | ||||||||||||
| Write-off of deferred financing costs | — | — | — | 1,598 | ||||||||||||
| Gain on forgiveness of liabilities | — | — | — | (600 | ) | |||||||||||
| Income tax impact of non-GAAP adjustments | (1,737 | ) | (542 | ) | (3,301 | ) | (1,030 | ) | ||||||||
| Non-GAAP net income attributable to G-III Apparel Group, Ltd., as defined | $ | 13,200 | $ | 57,786 | $ | 116,226 | $ | 203,637 | ||||||||
Non-GAAP net income is a “non-GAAP financial measure” that excludes (i) in both fiscal 2026 and 2025, asset impairments, (ii) in fiscal 2026, professional fees related to a potential strategic opportunity that did not come to fruition, (iii) in both fiscal 2026 and 2025, one-time severance expenses related to a closed warehouse, (iv) in fiscal 2025, the write-off of deferred financing costs related to the redemption of our Senior Secured Notes (the “Notes”) and (v) in fiscal 2025, the gain on the forgiveness of certain liabilities related to the acquisition of the minority interest of our DKNY business in China that we did not already own. For fiscal 2026, the income tax impact of non-GAAP adjustments is calculated using the applicable statutory tax rate for the respective period. For fiscal 2025, the income tax impact of non-GAAP adjustments is calculated using the effective tax rate for the period. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding items that are not indicative of our core business operating results. Management uses these non-GAAP financial measures to assess our performance on a comparative basis and believes that they are also useful to investors to enable them to assess our performance on a comparative basis across historical periods and facilitate comparisons of our operating results to those of our competitors. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.
| G-III APPAREL GROUP, LTD. AND SUBSIDIARIES RECONCILIATION OF GAAP NET INCOME (LOSS) PER SHARE TO NON-GAAP NET INCOME PER SHARE | ||||||||||||||||
| Three Months Ended January 31, | Year Ended January 31, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| (Unaudited) | ||||||||||||||||
| GAAP diluted net income (loss) attributable to G-III Apparel Group, Ltd. per common share | $ | (0.76 | ) | $ | 1.07 | $ | 1.51 | $ | 4.20 | |||||||
| Adjustment from GAAP diluted shares to Non-GAAP diluted shares (1) | 0.03 | — | — | — | ||||||||||||
| Excluded from non-GAAP: | ||||||||||||||||
| Asset impairments | 1.07 | 0.18 | 1.09 | 0.18 | ||||||||||||
| Strategic opportunity related professional fees | — | — | 0.05 | — | ||||||||||||
| One-time warehouse related severance expenses | — | 0.03 | 0.03 | 0.04 | ||||||||||||
| Write-off of deferred financing costs | — | — | — | 0.03 | ||||||||||||
| Gain on forgiveness of liabilities | — | — | — | (0.01 | ) | |||||||||||
| Income tax impact of non-GAAP adjustments | (0.05 | ) | (0.01 | ) | (0.07 | ) | (0.02 | ) | ||||||||
| Non-GAAP diluted net income attributable to G-III Apparel Group, Ltd. per common share, as defined | $ | 0.30 | $ | 1.27 | $ | 2.61 | $ | 4.42 | ||||||||
| Non-GAAP diluted shares (1) | 44,090 | 45,703 | 44,504 | 46,116 | ||||||||||||
| (1) | Represents adjustment for shares used to calculate diluted earnings per share. Due to our recording a GAAP net loss for the fourth quarter of fiscal 2026, diluted shares is the same as basic shares for GAAP. When applying non-GAAP exclusions, our results move from a net loss to net income position. |
Non-GAAP diluted net income per common share is a “non-GAAP financial measure” that excludes (i) in both fiscal 2026 and 2025, asset impairments, (ii) in fiscal 2026, professional fees related to a potential strategic opportunity that did not come to fruition, (iii) in both fiscal 2026 and 2025, one-time severance expenses related to a closed warehouse, (iv) in fiscal 2025, the write-off of deferred financing costs related to the redemption of the Notes and (v) in fiscal 2025, the gain on the forgiveness of certain liabilities related to the acquisition of the minority interest of our DKNY business in China that we did not already own. For fiscal 2026, the income tax impact of non-GAAP adjustments is calculated using the applicable statutory tax rate for the respective period. For fiscal 2025, the income tax impact of non-GAAP adjustments is calculated using the effective tax rate for the period. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding items that are not indicative of our core business operating results. Management uses these non-GAAP financial measures to assess our performance on a comparative basis and believes that they are also useful to investors to enable them to assess our performance on a comparative basis across historical periods and facilitate comparisons of our operating results to those of our competitors. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.
| G-III APPAREL GROUP, LTD. AND SUBSIDIARIES RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (In thousands) | |||||||||||
| Forecasted | |||||||||||
| Year Ended | Actual Year Ended | Actual Year Ended | |||||||||
| January 31, 2027 | January 31, 2026 | January 31, 2025 | |||||||||
| (Unaudited) | |||||||||||
| Net income attributable to G-III Apparel Group, Ltd. | $ | 88,000 - 92,000 | $ | 67,353 | $ | 193,566 | |||||
| Asset impairments | — | 48,565 | 8,195 | ||||||||
| Strategic opportunity related professional fees | — | 2,282 | — | ||||||||
| One-time warehouse related severance expenses | — | 1,327 | 1,908 | ||||||||
| Gain on forgiveness of liabilities | — | — | (600 | ) | |||||||
| Depreciation and amortization | 33,700 | 29,016 | 27,444 | ||||||||
| Interest and financing charges, net | (2,000 | ) | 508 | 18,842 | |||||||
| Income tax expense | 38,300 | 43,316 | 76,566 | ||||||||
| Adjusted EBITDA, as defined | $ | 158,000 - 162,000 | $ | 192,367 | $ | 325,921 | |||||
Adjusted EBITDA is a “non-GAAP financial measure” which represents earnings before depreciation and amortization, interest and financing charges, net and income tax expense and excludes (i) in both fiscal 2026 and 2025, asset impairments, (ii) in fiscal 2026, professional fees related to a potential strategic opportunity that did not come to fruition, (iii) in both fiscal 2026 and 2025, one-time severance expenses related to a closed warehouse and (iv) in fiscal 2025, the gain on the forgiveness of certain liabilities related to the acquisition of the minority interest of our DKNY business in China that we did not already own. Adjusted EBITDA is being presented as a supplemental disclosure because management believes that it is a common measure of operating performance in the apparel industry. Adjusted EBITDA should not be construed as an alternative to net income, as an indicator of the Company’s operating performance, or as an alternative to cash flows from operating activities as a measure of the Company’s liquidity, as determined in accordance with GAAP.
| G-III APPAREL GROUP, LTD. AND SUBSIDIARIES RECONCILIATION OF FORECASTED AND ACTUAL GAAP NET INCOME (LOSS) TO FORECASTED AND ACTUAL NON-GAAP NET INCOME (LOSS) (In thousands) | ||||||||||||||
| Forecasted Three | Actual Three | Forecasted | Actual | |||||||||||
| Months Ended | Months Ended | Year Ended | Year Ended | |||||||||||
| April 30, 2026 | April 30, 2025 | January 31, 2027 | January 31, 2026 | |||||||||||
| (Unaudited) | ||||||||||||||
| GAAP net income (loss) attributable to G-III Apparel Group, Ltd. | $ | (18,000) - (13,000) | $ | 7,759 | $ | 88,000 - 92,000 | $ | 67,353 | ||||||
| Excluded from non-GAAP: | ||||||||||||||
| Asset impairments | — | — | — | 48,565 | ||||||||||
| Strategic opportunity related professional fees | — | — | — | 2,282 | ||||||||||
| One-time warehouse related severance expenses | — | 978 | — | 1,327 | ||||||||||
| Income tax impact of non-GAAP adjustments | — | (316 | ) | — | (3,301 | ) | ||||||||
| Non-GAAP net income (loss) attributable to G-III Apparel Group, Ltd., as defined | $ | (18,000) - (13,000) | $ | 8,421 | $ | 88,000 - 92,000 | $ | 116,226 | ||||||
Non-GAAP net income (loss) is a “non-GAAP financial measure” that excludes (i) asset impairments, (ii) professional fees related to a potential strategic opportunity that did not come to fruition and (iii) one-time severance expenses related to a closed warehouse. For fiscal 2026, the income tax impact of non-GAAP adjustments is calculated using the applicable statutory tax rate for the respective period. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding items that are not indicative of our core business operating results. Management uses these non-GAAP financial measures to assess our performance on a comparative basis and believes that they are also useful to investors to enable them to assess our performance on a comparative basis across historical periods and facilitate comparisons of our operating results to those of our competitors. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.
| G-III APPAREL GROUP, LTD. AND SUBSIDIARIES RECONCILIATION OF FORECASTED AND ACTUAL GAAP NET INCOME (LOSS) PER SHARE TO FORECASTED AND ACTUAL NON-GAAP NET INCOME (LOSS) PER SHARE | ||||||||||||||
| Forecasted Three | Actual Three | Forecasted | Actual | |||||||||||
| Months Ended | Months Ended | Year Ended | Year Ended | |||||||||||
| April 30, 2026 | April 30, 2025 | January 31, 2027 | January 31, 2026 | |||||||||||
| (Unaudited) | ||||||||||||||
| GAAP diluted net income (loss) attributable to G-III Apparel Group, Ltd. per common share | $ | (0.40) - (0.30) | $ | 0.17 | $ | 2.00 - 2.10 | $ | 1.51 | ||||||
| Excluded from non-GAAP: | ||||||||||||||
| Asset impairments | — | — | — | 1.09 | ||||||||||
| Strategic opportunity related professional fees | — | — | — | 0.05 | ||||||||||
| One-time warehouse related severance expenses | — | 0.03 | — | 0.03 | ||||||||||
| Income tax impact of non-GAAP adjustments | — | (0.01 | ) | — | (0.07 | ) | ||||||||
| Non-GAAP diluted net income (loss) attributable to G-III Apparel Group, Ltd. per common share, as defined | $ | (0.40) - (0.30) | $ | 0.19 | $ | 2.00 - 2.10 | $ | 2.61 | ||||||
Non-GAAP diluted net income (loss) per common share is a “non-GAAP financial measure” that excludes (i) asset impairments, (ii) fees related to a potential strategic opportunity that did not come to fruition and (iii) one-time severance expenses related to a closed warehouse. For fiscal 2026, the income tax impact of non-GAAP adjustments is calculated using the applicable statutory tax rate for the respective period. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding items that are not indicative of our core business operating results. Management uses these non-GAAP financial measures to assess our performance on a comparative basis and believes that they are also useful to investors to enable them to assess our performance on a comparative basis across historical periods and facilitate comparisons of our operating results to those of our competitors. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.
G-III Apparel Group, Ltd.
Investor Relations Contact:
Nick Bacchus
SVP of Investor Relations and Treasurer
IR@g-iii.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/30ccdad8-cd10-4c29-980d-0b67d9eef8a6
