G-III Apparel Q2 2025 – Sales Drop, Net Income Up

By Bobby Samwell • Thursday, September 05 07:55 • Permanent Link

G-III Apparel Group, Ltd. has reported its second quarter fiscal 2025 results, showing a decrease in net sales to $644.8 million from $659.8 million in the same period last year. However, the company's net income for the second quarter increased to $24.2 million, or $0.53 per diluted share, compared to $16.4 million, or $0.35 per diluted share, in the prior year’s second quarter.

Non-GAAP net income per diluted share for the second quarter was $0.52, compared to $0.40 in the same period last year. The company also saw a significant decrease in inventories, which dropped 24% to $610.5 million compared to $804.9 million in the second quarter of the previous year.

G-III Apparel Group, Ltd. also repurchased 1.2 million shares of the company’s common stock for $31.6 million during the quarter. The company announced a new global apparel license for the Converse brand, with products expected to launch in fall 2025.

Looking ahead, the company raised its guidance for fiscal year 2025, now expecting net sales to increase by approximately 3% to $3.20 billion, compared to net sales of $3.10 billion for fiscal 2024. Net income is expected to be between $179.0 million and $184.0 million, or diluted earnings per share between $3.94 and $4.04, compared to $176.2 million, or $3.75 per diluted share, for fiscal 2024. Non-GAAP net income for fiscal 2025 is expected to be between $180.0 million and $185.0 million, or diluted earnings per share between $3.95 and $4.05, compared to non-GAAP net income of $189.8 million, or diluted earnings per share of $4.04 for fiscal 2024.

The company's adjusted EBITDA for fiscal 2025 is expected to be between $305.0 million and $310.0 million, compared to adjusted EBITDA of $324.1 million in fiscal 2024. Additionally, net sales for the third quarter of fiscal 2025 are expected to increase by approximately 3% to $1.10 billion compared to $1.07 billion in the same period last year.

G-III Apparel Group, Ltd. continues to show confidence in its future performance, with a focus on strong brand portfolios and strategic partnerships driving its growth. As a result of these announcements, the company's shares have moved -0.8% on the market, and are now trading at a price of $25.04. For the full picture, make sure to review G-III Apparel's 8-K report.

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