G-III Apparel Group Files Q3 Fiscal 2025 10-Q
Ticker: GIII · Form: 10-Q · Filed: Dec 10, 2024 · CIK: 821002
Sentiment: neutral
Topics: 10-Q, quarterly-report, apparel
Related Tickers: GIII
TL;DR
GIII filed its Q3 2025 10-Q. Check financials.
AI Summary
G-III Apparel Group, Ltd. filed its 10-Q for the period ending October 31, 2024. The company reported its financial results for the third quarter of fiscal year 2025. Key financial data and operational updates are detailed within the filing, reflecting the company's performance in the apparel sector.
Why It Matters
This filing provides investors and analysts with the latest financial performance data for G-III Apparel Group, crucial for understanding the company's current health and future prospects in the apparel market.
Risk Assessment
Risk Level: medium — The filing is a standard quarterly report, but the apparel industry can be subject to significant market fluctuations and consumer spending trends.
Key Numbers
- 2024-10-31 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is reported.)
- 20241210 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
Key Players & Entities
- G III APPAREL GROUP LTD /DE/ (company) — Filer of the 10-Q
- October 31, 2024 (date) — End of the reporting period
- 20241210 (date) — Filing date
- 0000821002 (company) — Central Index Key for G-III Apparel Group
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is October 31, 2024.
What is the company's Central Index Key (CIK)?
The Central Index Key for G III APPAREL GROUP LTD /DE/ is 0000821002.
When was this 10-Q filed with the SEC?
This 10-Q was filed on December 10, 2024 (20241210).
What is the company's primary industry based on SIC code?
The company's Standard Industrial Classification (SIC) code is 2300, which corresponds to APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL.
What is the company's state of incorporation?
G III APPAREL GROUP LTD /DE/ is incorporated in Delaware (DE).
Filing Stats: 4,604 words · 18 min read · ~15 pages · Grade level 16.2 · Accepted 2024-12-10 16:50:02
Key Financial Figures
- $0.01 — nge on which registered Common Stock , $0.01 par value per share GIII The Nasdaq
- $0.1 — res of issuer's common stock, par value $0.1 per share, outstanding. Table of Conte
Filing Documents
- giii-20241031x10q.htm (10-Q) — 1627KB
- giii-20241031xex31d1.htm (EX-31.1) — 14KB
- giii-20241031xex31d2.htm (EX-31.2) — 13KB
- giii-20241031xex32d1.htm (EX-32.1) — 4KB
- giii-20241031xex32d2.htm (EX-32.2) — 4KB
- 0001558370-24-016123.txt ( ) — 7211KB
- giii-20241031.xsd (EX-101.SCH) — 38KB
- giii-20241031_cal.xml (EX-101.CAL) — 62KB
- giii-20241031_def.xml (EX-101.DEF) — 194KB
- giii-20241031_lab.xml (EX-101.LAB) — 303KB
- giii-20241031_pre.xml (EX-101.PRE) — 303KB
- giii-20241031x10q_htm.xml (XML) — 1408KB
Financial Statements
Financial Statements Condensed Consolidated Balance Sheets – October 31, 2024 (Unaudited), October 31, 2023 (Unaudited) and January 31, 2024 3 Condensed Consolidated Statements of Income and Comprehensive Income – For the Three and Nine Months Ended October 31, 2024 and 2023 (Unaudited) 4 Condensed Consolidated Statements of Stockholders' Equity – October 31, 2024 and October 31, 2023 (Unaudited) 5 Condensed Consolidated Statements of Cash Flows – For the Nine Months Ended October 31, 2024 and 2023 (Unaudited) 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 30 Item 4.
Controls and Procedures
Controls and Procedures 30 Part II OTHER INFORMATION Item 1A.
Risk Factors
Risk Factors 32 Item 5. Other Information 32 Item 6. Exhibits 33 7 2 Table of Contents
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. G-III APPAREL GROUP, LTD. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS October 31, October 31, January 31, 2024 2023 2024 (Unaudited) (Unaudited) (In thousands, except per share amounts) ASSETS Current assets Cash and cash equivalents $ 104,686 $ 197,391 $ 507,829 Accounts receivable, net of allowance for doubtful accounts of $ 1,355 , $ 18,412 and $ 1,471 , respectively 879,681 863,221 562,363 Inventories 532,463 591,530 520,426 Prepaid income taxes 9,207 2,216 1,356 Prepaid expenses and other current assets 55,183 58,779 68,344 Total current assets 1,581,220 1,713,137 1,660,318 Investments in unconsolidated affiliates 109,911 24,354 22,472 Property and equipment, net 70,298 52,032 55,084 Operating lease assets 286,232 221,474 216,886 Other assets, net 47,246 53,852 45,147 Other intangibles, net 28,232 32,565 31,676 Deferred income tax assets, net 26,964 26,389 19,248 Trademarks 633,508 625,530 630,333 Total assets $ 2,783,611 $ 2,749,333 $ 2,681,164 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Current portion of notes payable $ 10,277 $ 59,099 $ 15,026 Accounts payable 239,882 179,396 182,531 Accrued expenses 160,059 153,200 140,535 Customer refund liabilities 88,323 108,042 84,054 Current operating lease liabilities 55,479 55,897 56,587 Income tax payable 45,730 46,380 14,676 Other current liabilities 571 330 219 Total current liabilities 600,321 602,344 493,628 Notes payable, net of discount and unamortized issuance costs 213,898 402,846 402,807 Deferred income tax liabilities, net 51,442 44,265 42,736 Noncurrent operating lease liabilities 246,834 183,522 178,247 Other noncurrent liabilities 22,390 14,543 15,764 Total liabilities 1,134,885 1,247,520 1,13