The following is a summary of the G-III Apparel Group, Ltd. (GIII) Q1 2025 Earnings Call Transcript:

Financial Performance:

• G-III Apparel reported modest growth with net sales for Q1 2025 reaching $610 million, up from $607 million year-over-year.

• Gross margin expanded by 130 basis points due to a stronger performance from their own brands compared to PVH brands.

• Non-GAAP earnings per diluted share were $0.12, slightly below the previous year's $0.13 but ahead of expectations.

Business Progress:

• Announced a new partnership with AWWG to expand European presence and distribution.

• Reported strong double-digit sales increases in DKNY and Karl Lagerfeld.

• Launched successful new marketing campaigns and relaunched the Donna Karan brand, which was well-received.

• Plans in place for significant expansion in points of sales and categories across their brands.

Opportunities:

• AWWG partnership expected to leverage their strong European infrastructure to enhance brand presence and sales, particularly for DKNY and other brands in Europe and India.

• Expanding distribution with over 2,500 new points of sale planned, enhancing visibility and market penetration.

• Strategic focus on increasing the sales share from their own brands to 70% of total sales, reducing reliance on external brands like Calvin Klein and Tommy Hilfiger.

Risks:

• Acknowledged that the consumer environment remains challenging; however, the company remains cautiously optimistic about meeting its raised guidance numbers.

• Need to align production more closely with demand, especially for newly launched or relaunched brands like Donna Karan, to prevent stock shortages.

More details: G-III Apparel Group IR

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