Filings/GIII/10-Q

Source document

EDGAR
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KPIsSections18
Headline metrics
Revenue — GREEN$1.09B-8.9% YoY
Gross margin — GREEN54.9%
Net income — GREEN$86.7M+363.9% YoY
Net margin — GREEN8.0%
Operating margin — GREEN8.8%
Income Statement
Income Statement
MetricValueFlag
Revenue$1.09BGREEN
Revenue (quarter)$554.1MGREEN
Gross Margin54.9%GREEN
Operating Margin8.8%GREEN
Net Margin8.0%GREEN
Net Income$86.7MGREEN
EPS (diluted)$1.95GREEN
Balance Sheet
Balance Sheet
MetricValueFlag
Cash$529.2MGREEN
Broad Liquidity$529.2MGREEN
Current Ratio2.70GREEN
Total Assets$2.75BGREEN
Total Equity$1.82BGREEN
Debt/Equity0.00GREEN
Cash Flow
Cash Flow
MetricValueFlag
Operating CF$178.7MGREEN
Cash Conversion (CFO/Rev)0.16GREEN
SBC % Revenue1.5%GREEN
Free Cash Flow$161.2MGREEN

Sections in this filing

Financial Statements (unaudited)

Item 1. Financial Statements. G-III APPAREL GROUP, LTD. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 31, ​ July 31, ​ January 31, ​ ​ 2026 ​ 2025 ​ 2026 ​ ​ ​ ​ (Unaudited) ​ ​ ​ (Unaudited) ​ ​ ​ ​ ​ ​ ​ (In thousands, except per share amounts) ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ Current assets ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 529,190 ​ $ 301,778 ​ $ 406,662 Accounts receivable, net of allowance for doubtful accounts of $ 1,382 , $ 1,472 and $ 19,038 , respectively ​ ​ 403,426 ​ ​ 474,931 ​ ​ 537,045 Inventories ​ ​ 555,024 ​ ​ 639,756 ​ ​ 460,029 Prepaid income taxes ​ ​ 9,818 ​ ​ 8,050 ​ ​ 12,288 Prepaid expenses and other current assets ​ ​ 64,212 ​ ​ 60,500 ​ ​ 53,023 Total current assets ​ ​ 1,561,670 ​ ​ 1,485,015 ​ ​ 1,469,047 Investments in unconsolidated affiliates ​ ​ 105,170 ​ ​ 116,707 ​ ​ 110,226 Property and equipment, net ​ ​ 80,741 ​ ​ 78,891 ​ ​ 78,042 Operating lease assets ​ ​ 316,862 ​ ​ 264,526 ​ ​ 257,619 Other assets, net ​ ​ 22,409 ​ ​ 65,382 ​ ​ 23,903 Other intangibles, net ​ ​ 23,312 ​ ​ 26,160 ​ ​ 25,564 Deferred income tax assets, net ​ ​ 9,863 ​ ​ 15,760 ​ ​ 7,510 Trademarks ​ ​ 631,820 ​ ​ 638,540 ​ ​ 638,909 Total assets ​ $ 2,751,847 ​ $ 2,690,981 ​ $ 2,610,820 LIABILITIES AND STOCKHOLDERS' EQUITY ​ ​ ​ ​ ​ ​ ​ ​ ​ Current liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ Current portion of notes payable ​ $ 3,662 ​ $ 8,612 ​ $ 7,104 Accounts payable ​ ​ 321,514 ​ ​ 431,034 ​ ​ 264,005 Accrued expenses ​ ​ 131,419 ​ ​ 115,118 ​ ​ 138,493 Customer refund liabilities ​ ​ 54,379 ​ ​ 60,734 ​ ​ 76,308 Current operating lease liabilities ​ ​ 51,546 ​ ​ 52,604 ​ ​ 52,244 Income tax payable ​ ​ 14,919 ​ ​ 3,819 ​ ​ 7,135 Other current liabilities ​ ​ — ​ ​ 419 ​ ​ 376 Total current liabilities ​ ​ 577,439 ​ ​ 672,340 ​ ​ 545,665 Notes payable ​ ​ 4,173 ​ ​ 6,869 ​ ​ 4,638 Deferred income tax liabilities, net ​ ​ 53,342 ​ ​ 54,375 ​ ​ 61,387 Noncurrent operating lease liabilities ​ ​ 281,458 ​ ​ 227,691 ​ ​ 220,713 Other noncurrent liabilities ​ ​ 16,321 ​ ​ 21,185 ​ ​ 18,094 Total liabilities ​ ​ 932,733 ​ ​ 982,460 ​ ​ 850,497 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stockholders' Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ Preferred stock; 1,000 shares authorized; no shares issued ​ ​ — ​ ​ — ​ ​ — Common stock - $ 0.01 par value; 120,000 shares authorized; 49,396 , 49,396 and 49,396 shares issued, respectively ​ ​ 264 ​ ​ 264 ​ ​ 264 Additional