NASDAQ$GIII
G-III Apparel Group Ltd · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported strong Q3 2022 results, exceeding guidance with increased net sales and net income per diluted share.
G-III Apparel Group reported a successful third quarter in fiscal 2022, with net sales increasing by 22.8% to $1.02 billion and net income per diluted share rising to $2.16. The company raised its full year guidance, anticipating the highest annual earnings in its history.
- Net sales for the third quarter increased by 22.8% to $1.02 billion compared to the previous year.
- Net income for the third quarter was $106.7 million, or $2.16 per diluted share, compared to $63.2 million, or $1.29 per diluted share, in the prior year’s quarter.
- The company raised its guidance for fiscal year 2022, expecting net sales of approximately $2.77 billion and net income between $180.0 million and $190.0 million, or between $3.65 and $3.75 per diluted share.
- G-III expects to deliver its highest annual earnings in company history.
Headline financials
Revenue & EPS history
G-III Apparel · Revenue · Quarterly
$1.02B
Forward guidance
The Company raised its guidance for the fiscal year ending January 31, 2022, expecting net sales of approximately $2.77 billion and net income between $180.0 million and $190.0 million, or between $3.65 and $3.75 per diluted share.
Tailwinds
- The company expects net sales of approximately $2.77 billion.
- Net income is projected to be between $180.0 million and $190.0 million.
- Diluted earnings per share are expected to be between $3.65 and $3.75.
- The raised guidance reflects strong demand across brands.
- Company expects to deliver its highest annual earnings in its history.
Headwinds
- Guidance contemplates the expected impact from the current supply chain conditions, including expected increased shipping costs and delays in receipt of goods.
- The reimposition of store closures or other restrictions could have a material impact on our net sales, results of operations and supply chain during fiscal 2022.
- The Company’s fiscal year 2022 guidance contemplates the expected impact from the current supply chain conditions.
- Expected increased shipping costs.
- Delays in receipt of goods.
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 Q3 2022
+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
| Quarter | Report date | Reaction (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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