Welcome to our dedicated page for G Iii Apparel Group news (Ticker: GIII), a resource for investors and traders seeking the latest updates and insights on G Iii Apparel Group stock.
G-III Apparel Group reports developments tied to its global fashion business, including quarterly earnings, fiscal outlooks, dividend actions, share repurchases, sourcing costs and demand trends with retail partners. The company designs, sources, distributes and markets apparel, footwear and accessories through a portfolio of owned, licensed and private-label brands.
Recurring company updates also cover brand campaigns and product activity for names such as DKNY, Donna Karan, Karl Lagerfeld and Vilebrequin, along with licensed fashion and sports-related labels. News frequently connects performance to wholesale sales, owned-brand growth, expiring licenses, tariff mitigation, cash position and shareholder-return actions.
G-III Apparel Group reported a significant decline in financial performance for FY 2021, with net sales dropping 35% to $2.06 billion and net income of $23.5 million ($0.48 per share) compared to $143.8 million ($2.94 per share) the previous year. The fourth quarter saw a 30.3% decrease in sales to $526.2 million and net income of $14.6 million ($0.30 per share). The company continues to restructure, closing Wilsons Leather and G.H. Bass stores, leading to hefty losses. Moving into FY 2022, guidance projects first-quarter sales of around $460 million, a recovery from last year's $405.1 million.
G-III Apparel Group, Ltd. (NASDAQ: GIII) announced its upcoming release of fourth quarter and full fiscal year 2021 earnings on March 18, 2021, before market opening. A conference call will follow at 8:30 a.m. ET for discussion and Q&A. Investors can access a live webcast at ir.g-iii.com. A replay will be available from March 18 to March 25, 2021.
G-III Apparel Group, Ltd. (NasdaqGS: GIII) reported third-quarter results for fiscal 2021, revealing a 26.7% decline in net sales to $826.6 million and net income of $63.2 million or $1.29 per diluted share. CEO Morris Goldfarb noted a shift towards casual apparel and emphasized the company's strong financial position with around $800 million in cash. The restructuring includes closing 110 Wilsons Leather and 89 G.H. Bass stores. The outlook anticipates a 30% sales decline in Q4 due to pandemic impacts, with no additional guidance provided.
G-III Apparel Group, Ltd. (NASDAQ: GIII) is set to release its third quarter fiscal 2021 earnings on December 8, 2020, before market opens. Management will host a conference call at 8:30 a.m. ET that day, offering a live webcast accessible at their investor relations website. Participants can join via phone, with toll-free options provided. The conference call will be followed by a Q&A session. G-III designs and markets apparel under various owned and licensed brands, including DKNY and Calvin Klein. The company operates retail outlets and is engaged in restructuring its retail operations.