G III APPAREL GROUP LTD /DE/

Listed Company

GIIICIK 0000821002NasdaqLarge AcceleratedApparel & Other Finishd Prods Of Fabrics & Similar MatlDelawareFY ends Jan 31

Period

FY 2026

Revenue

—

Net Income

$67.35M

Total Assets

$2.61B

Equity

$1.76B

Shares Out

42.19M

Op. Cash Flow

$299.14M

Business

G III APPAREL GROUP LTD /DE/ is a global fashion company that designs, sources, markets and distributes apparel and lifestyle products under a portfolio of owned and licensed brands. It offers outerwear, dresses, sportswear, suits, athleisure, jeans, swimwear, handbags, footwear, small leather goods, cold-weather accessories and luggage, plus licensing of trademarks in additional categories. The business operates wholesale and retail segments, including direct-to-consumer company-operated stores and digital sites, and a substantial licensed brand business. Products are sold primarily in the United States and through international wholesale, partner-operated stores and digital channels across Europe, Asia-Pacific, Latin America and other regions.

Summary from filing dated 2025-03-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Net sales	2,957	3,181	3,098	3,227	2,767
Cost of goods sold	1,793	1,882	1,856	2,126	1,778
Gross profit	1,164	1,299	1,242	1,101	988
Selling, general and administrative expenses	978	970	924	833	648
Depreciation and amortization	29	27	28	28	28
Asset impairments	49	8	7	—	1
Operating profit	108	293	283	−109	311
Other income (loss)	3	−4	−3	28	10
Interest and financing charges, net	−508,000	−19	−40	—	—
Income before income taxes	111	270	241	−138	271
Income tax expense	43	77	66	−4	71
Net income	67	193	175	−134	200
Less: loss attributable to noncontrolling interests	—	−273,000	−1	−1	−492,000
Net income attributable to G-III Apparel Group, Ltd.	67	194	176	−133	201
Net income per common share (per share)	1.58	4.35	3.84	−2.79	4.14
Weighted average number of shares outstanding (in shares)	43	44	46	48	48
Net income per common share (per share)	1.51	4.2	3.75	−2.79	4.05
Weighted average number of shares outstanding (in shares)	45	46	47	48	50
Foreign currency translation adjustments	49	−22	8	3	−12
Other comprehensive income (loss)	49	−22	8	3	−12
Comprehensive income	117	171	183	−131	188
Net loss	—	−273,000	−1	−1	−492,000
Foreign currency translation adjustments	—	38,000	−16,000	−89,000	21,000
Comprehensive loss attributable to noncontrolling interests	—	−235,000	−1	−1	−471,000
Comprehensive income attributable to G-III Apparel Group, Ltd.	117	171	182	−133	187

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	407	181	508	192	466
Accounts receivable, net of allowance for doubtful accounts of $19,038 and $7,588, respectively	537	625	562	675	606
Inventories	460	478	520	709	512
Prepaid income taxes	12	2	1	6	15
Prepaid expenses and other current assets	53	49	68	71	55
Total current assets	1,469	1,335	1,660	1,653	1,653
Investments in unconsolidated affiliates	110	105	22	24	66
Property and equipment, net	78	69	55	54	49
Operating lease assets	258	255	217	240	170
Other assets, net	24	67	45	53	55
Other intangibles, net	26	27	32	35	31
Deferred income tax assets, net	8	15	19	26	4
Trademarks	639	609	630	628	453
Total assets	2,611	2,483	2,681	2,712	2,743
Current portion of notes payable	7	3	15	136	4
Accounts payable	264	228	183	170	237
Accrued expenses	138	138	141	116	128
Customer refund liabilities	76	80	84	90	87
Current operating lease liabilities	52	50	57	53	43
Income tax payable	7	11	15	15	10
Other current liabilities	376,000	495,000	219,000	905,000	2
Total current liabilities	546	510	494	579	511
Notes payable, net of discount and unamortized issuance costs	5	3	403	484	515
Deferred income tax liabilities, net	61	48	43	45	40
Noncurrent operating lease liabilities	221	221	178	205	143
Other non-current liabilities	18	21	16	15	13
Total liabilities	850	804	1,133	1,328	1,222
Preferred stock; 1,000 shares authorized; no shares issued and outstanding	—	—	—	—	—
Common stock - $0.01 par value; 120,000 shares authorized; 49,396 and 49,396 shares issued, respectively	264,000	264,000	264,000	264,000	264,000
Additional paid-in capital	476	468	459	469	456
Accumulated other comprehensive income (loss)	24	−26	−3	−12	−15
Retained earnings	1,417	1,354	1,160	984	1,117
Common stock held in treasury, at cost - 7,206 and 5,509 shares, respectively	−157	−117	−66	−56	−39
Total stockholders' equity	1,760	1,679	1,550	1,385	1,520
Total liabilities, redeemable noncontrolling interests and stockholders' equity	2,611	2,483	2,681	2,712	2,743

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Loss on disposal of fixed assets	776,000	388,000	102,000	210,000	136,000
Non-cash operating lease costs	56	58	59	54	43
Equity loss in unconsolidated affiliates	1	2	6	−674,000	−8
Change in fair value of equity investment	—	—	−1	−1	−2
Share-based compensation	23	29	17	32	17
Deferred financing charges and debt discount amortization	1	2	7	10	10
Extinguishment of deferred financing costs	—	2	—	—	—
Deferred income taxes	16	12	4	−55	21
Accounts receivable, net	88	−62	113	−41	−113
Inventories	18	42	189	−164	−96
Income taxes, net	−13	−5	4	13	10
Prepaid expenses and other current assets	−3	20	4	−11	8
Other assets, net	3	−1	6	2	752,000
Customer refund liabilities	−4	−4	−6	3	−13
Operating lease liabilities	−57	−58	−59	−56	−47
Accounts payable, accrued expenses and other liabilities	24	50	35	−107	125
Net cash provided by operating activities	299	316	588	−105	186
Operating lease assets initial direct costs	−45,000	−2	−52,000	−84,000	—
Investment in equity interest of private companies	−732,000	−106	−4	−25	—
Proceeds from sale of assets	—	729,000	—	—	—
Capital expenditures	−35	−42	−25	−22	−18
Net cash used in investing activities	−36	−148	−28	−218	−52
Repayment of borrowings - revolving credit facility	—	−485	−113	−507	—
Proceeds from borrowings - revolving credit facility	—	485	33	587	—
Repayment of borrowings - foreign facilities	−165	−153	−139	−75	−1
Proceeds from borrowings - foreign facilities	170	139	137	84	—
Repayment of borrowings - senior secured notes	—	−400	−125	—	—
Repayment of borrowings - LVMH Note	—	—	−125	—	—
Payment of financing costs	—	−4	—	—	—
Purchase of treasury shares	−50	−60	−26	−27	−17
Taxes paid for net share settlements	−5	−8	−11	−10	−4
Dividends paid on common stock	−4	—	—	—	—
Net cash used in financing activities	−54	−486	−245	52	−23
Foreign currency translation adjustments	16	−9	2	−3	3
Net increase (decrease) in cash and cash equivalents	225	−326	316	−274	114
Interest, net	4	27	30	44	54
Income tax payments, net	43	67	58	38	40

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