NASDAQ$GIII

G-III Apparel Group Ltd · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

G-III Apparel's Q1 2021 results were announced, revealing a decrease in net sales but strong financial flexibility and liquidity.

G-III Apparel Group reported a decrease in net sales by 36.1% to $405.1 million compared to the same period last year. The company experienced a GAAP net loss of $39.3 million, or $(0.82) per share, and a non-GAAP net loss per share of $(0.75). The company is not providing any guidance due to the fluidity of the pandemic.

  • Net sales decreased by 36.1% to $405.1 million.
  • GAAP net loss was $39.3 million, or $(0.82) per share.
  • Non-GAAP net loss per share was $(0.75).
  • The company announced the restructuring of its retail operations.

Headline financials

Total Revenue

$405M

Previous: $634M-36.1%
EPS (adj)

-$0.75

Previous: $0.25-400.0%
Free Cash Flow

-$39.3M

Previous: $12M-426.3%
Net Income

-$39.3M

Previous: $12M-426.3%
Operating Income

-$43.3M

Previous: $25.6M-269.3%
Gross Profit

$124M

Previous: $236M-47.3%
Cash & Equivalents

$616M

Previous: $48.3M+1175.4%
Total Assets

$2.8B

Previous: $2.45B+14.4%
Stock-Based Comp

-$811K

Previous: $4.23M-119.2%

Revenue & EPS history

G-III Apparel · Revenue · Quarterly

$405M

Q1 2021-36.1%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

The company is not currently providing any guidance due to the fluid developments associated with the pandemic, making it difficult to forecast the impact on net sales, results of operations, and supply chain for fiscal 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+2.0%

Avg return

Earnings day

+3.8%

Avg return

5 days after

+4.4%

Avg return

30 days after

60%

37 / 62 earnings

Positive

+34.7%

Q4 2020

Best reaction

-43.7%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2025
Q4 2026-11.2%-12.9%+0.0%
Q3 2026+3.7%+5.9%+2.2%
Q2 2026+2.0%-0.8%+1.4%
Q1 2026-18.7%-21.3%-16.0%
Q4 2025+3.0%+3.1%-2.6%
Q4 2024-13.6%-9.8%-10.6%
Q3 2024-2.8%+7.1%+8.4%
Q2 2024+22.5%+26.8%+21.3%
Q1 2024+24.0%+23.2%+15.4%
Q4 2023-2.8%-4.1%+4.9%
Q3 2023-43.7%-42.3%-35.5%
Q2 2023-9.3%-8.7%-20.0%
Q1 2023-5.3%-9.4%-24.5%
Q4 2022+19.4%+13.3%+10.2%
Q3 2022-0.8%-3.1%-6.7%
Q2 2022-1.6%-3.9%-10.5%
Q1 2022+11.1%+10.6%-2.7%
Q4 2021+10.3%-3.7%+1.8%
Q3 2021-1.5%-5.2%+12.9%
Q2 2021+15.9%+17.4%+26.5%
Q1 2021+24.3%+28.7%-3.6%
Q4 2020+34.7%+51.3%+107.6%
Q3 2020+0.1%+1.2%+16.7%
Q2 2020+28.3%+42.4%+30.3%
Q1 2020-13.5%-5.4%+7.1%
Q4 2019+7.4%+8.4%+20.5%
Q3 2019-19.4%-24.9%-28.9%
Q2 2019-0.0%+3.6%-8.7%
Q1 2019+13.3%+14.3%+0.6%
Q4 2018-7.1%-2.4%-6.6%
Q3 2018+16.4%+15.6%+28.1%
Q2 2018+10.3%+5.2%+3.7%
Q1 2018+23.2%+29.9%+16.7%
Q4 2017-12.0%-4.5%+7.7%
Q3 2017+2.0%+9.3%+8.8%
Q2 2017-24.4%-21.3%-31.1%
Q1 2017+4.2%+8.3%+17.8%
Q4 2016-20.6%
Q3 2016+7.8%
Q2 2016+4.7%
Q1 2016+15.4%
Q4 2015-1.8%
Q3 2015+13.9%
Q2 2015+2.9%
Q1 2015+9.0%
Q4 2014-6.5%
Q3 2014+17.2%
Q2 2014+14.9%
Q1 2014+23.0%
Q4 2013-4.1%
Q3 2013+0.1%
Q2 2013+11.0%
Q1 2012+0.5%
Q1 2013+4.7%
Q4 2010+4.7%
Q4 2012+4.7%
Q3 2012+1.7%
Q3 2011+1.7%
Q2 2012-21.2%
Q4 2011-21.2%
Q2 2011-21.2%
Q1 2011-6.7%

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