NASDAQ$GIII
G-III Apparel Group Ltd · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
G-III Apparel's Q3 2024 performance exceeded expectations, driven by wholesale segment strength and effective financial management.
G-III Apparel Group reported strong profitability for the third quarter of fiscal 2024, exceeding earnings per diluted share guidance. Net sales reached $1.07 billion, slightly lower than the previous year. The company raised its full-year earnings per share guidance, reflecting confidence in its ability to navigate market challenges.
- G-III Apparel delivered strong profitability in Q3 2024, exceeding earnings per diluted share guidance.
- Net sales for the third quarter were $1.07 billion, a slight decrease from $1.08 billion in the prior year.
- Net income per diluted share was $2.74, compared to $1.26 in the previous year.
- The company raised its GAAP and Non-GAAP net income per diluted share guidance for fiscal year 2024.
Headline financials
Revenue & EPS history
G-III Apparel · Revenue · Quarterly
$1.09B
Forward guidance
The Company raised its GAAP and Non-GAAP net income per diluted share guidance for the fiscal year ending January 31, 2024. The Company is projecting full-year adjusted EBITDA for fiscal 2024 between $317 million and $322 million.
Tailwinds
- Net sales of approximately $3.15 billion are expected.
- Net income is expected to be between $175 million and $180 million.
- Diluted share is expected to be between $3.75 and $3.85.
- Non-GAAP net income is anticipated to be between $182 million and $187 million.
- Non-GAAP diluted share is expected to be between $3.90 and $4.00.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2024
+2.0%
Avg return
Earnings day
+3.9%
Avg return
5 days after
+4.4%
Avg return
30 days after
60%
38 / 63 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 | — | — | — | |
| Q1 2027 | +5.1% | +6.4% | — | |
| 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 2011 | +1.7% | — | — | |
| Q3 2012 | +1.7% | — | — | |
| Q2 2011 | -21.2% | — | — | |
| Q4 2011 | -21.2% | — | — | |
| Q2 2012 | -21.2% | — | — | |
| Q1 2011 | -6.7% | — | — |
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