Quarterly ResultJun 8, 2026, 04:12 PM
G-III Apparel Group Net Income Soars to $66.5M in Q1
AI Summary
G-III Apparel Group, Ltd. reported a significant increase in net income for the first quarter of fiscal year 2027, reaching $66.53 million, or $1.58 per diluted share, compared to $7.76 million, or $0.18 per diluted share, in the prior year period. This surge in profitability was driven by a substantial increase in operating profit to $85.24 million from $8.48 million, despite a decrease in net sales to $535.96 million from $583.61 million year-over-year. The company's balance sheet shows total assets of $2.58 billion and total stockholders' equity of $1.82 billion as of April 30, 2026.
Key Highlights
- G-III Apparel Group reported net income of $66.53 million for the three months ended April 30, 2026, a significant increase from $7.76 million in the prior year period.
- Basic net income per common share rose to $1.58 from $0.18 year-over-year.
- Diluted net income per common share increased to $1.50 from $0.17 year-over-year.
- Total assets were $2.58 billion as of April 30, 2026, compared to $2.42 billion as of April 30, 2025.
- Total liabilities were $760.86 million as of April 30, 2026, compared to $731.78 million as of April 30, 2025.
- Total stockholders' equity stood at $1.82 billion as of April 30, 2026, up from $1.68 billion as of April 30, 2025.
- Net sales for the three months ended April 30, 2026 were $535.96 million, a decrease from $583.61 million in the same period last year.
- Operating profit for the three months ended April 30, 2026 was $85.24 million, a substantial increase from $8.48 million in the prior year period.
Price Impact
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