Filings/GIII/10-Q

Source document

EDGAR
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KPIsSections18
Headline metrics
Revenue — GREEN$536.0M
Gross margin — GREEN64.9%
Net income — GREEN$66.5M
Net margin — GREEN12.4%
Operating margin — GREEN15.9%
Red flags2 red
Liquidity2
RED
Negative operating cash flowoperating_cf_burn
The company is burning cash from operations — sustainability depends on financing.
RED
Cash conversion (CFO/Rev) -0.4%cash_conversion_weak
CFO/Revenue below 0 — operating model not generating cash despite revenue.
Income Statement
Income Statement
MetricValueFlag
Revenue$536.0MGREEN
Revenue (quarter)$536.0MGREEN
Gross Margin64.9%GREEN
Operating Margin15.9%GREEN
Net Margin12.4%GREEN
Net Income$66.5MGREEN
EPS (diluted)$1.50GREEN
Balance Sheet
Balance Sheet
MetricValueFlag
Cash$394.2MGREEN
Broad Liquidity$394.2MGREEN
Current Ratio3.18GREEN
Total Assets$2.58BGREEN
Total Equity$1.82BGREEN
Debt/Equity0.00GREEN
Cash Flow
Cash Flow
MetricValueFlag
Operating CF-$2.0MGREEN
Cash Conversion (CFO/Rev)-0.00GREEN
SBC % Revenue1.8%GREEN
Free Cash Flow-$10.4MGREEN

Sections in this filing

Financial Statements (unaudited)

Item 1. Financial Statements. G-III APPAREL GROUP, LTD. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30, ​ April 30, ​ January 31, ​ ​ 2026 ​ 2025 ​ 2026 ​ ​ ​ ​ (Unaudited) ​ ​ ​ (Unaudited) ​ ​ ​ ​ ​ ​ ​ (In thousands, except per share amounts) ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ Current assets ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 394,220 ​ $ 257,785 ​ $ 406,662 Accounts receivable, net of allowance for doubtful accounts of $ 18,749 , $ 10,189 and $ 19,038 , respectively ​ ​ 432,855 ​ ​ 481,056 ​ ​ 537,045 Inventories ​ ​ 417,856 ​ ​ 456,482 ​ ​ 460,029 Prepaid income taxes ​ ​ 9,087 ​ ​ 5,031 ​ ​ 12,288 Prepaid expenses and other current assets ​ ​ 191,512 ​ ​ 50,711 ​ ​ 53,023 Total current assets ​ ​ 1,445,530 ​ ​ 1,251,065 ​ ​ 1,469,047 Investments in unconsolidated affiliates ​ ​ 108,289 ​ ​ 111,182 ​ ​ 110,226 Property and equipment, net ​ ​ 79,167 ​ ​ 72,819 ​ ​ 78,042 Operating lease assets ​ ​ 263,276 ​ ​ 253,884 ​ ​ 257,619 Other assets, net ​ ​ 23,156 ​ ​ 66,307 ​ ​ 23,903 Other intangibles, net ​ ​ 24,493 ​ ​ 26,475 ​ ​ 25,564 Deferred income tax assets, net ​ ​ 7,201 ​ ​ 15,482 ​ ​ 7,510 Trademarks ​ ​ 633,873 ​ ​ 618,659 ​ ​ 638,909 Total assets ​ $ 2,584,985 ​ $ 2,415,873 ​ $ 2,610,820 LIABILITIES AND STOCKHOLDERS' EQUITY ​ ​ ​ ​ ​ ​ ​ ​ ​ Current liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ Current portion of notes payable ​ $ 11,044 ​ $ 11,959 ​ $ 7,104 Accounts payable ​ ​ 192,283 ​ ​ 200,721 ​ ​ 264,005 Accrued expenses ​ ​ 117,266 ​ ​ 100,486 ​ ​ 138,493 Customer refund liabilities ​ ​ 65,778 ​ ​ 59,811 ​ ​ 76,308 Current operating lease liabilities ​ ​ 54,380 ​ ​ 49,687 ​ ​ 52,244 Income tax payable ​ ​ 13,862 ​ ​ 10,189 ​ ​ 7,135 Other current liabilities ​ ​ 375 ​ ​ 703 ​ ​ 376 Total current liabilities ​ ​ 454,988 ​ ​ 433,556 ​ ​ 545,665 Notes payable ​ ​ 4,363 ​ ​ 6,783 ​ ​ 4,638 Deferred income tax liabilities, net ​ ​ 60,227 ​ ​ 50,121 ​ ​ 61,387 Noncurrent operating lease liabilities ​ ​ 223,778 ​ ​ 220,235 ​ ​ 220,713 Other noncurrent liabilities ​ ​ 17,504 ​ ​ 21,084 ​ ​ 18,094 Total liabilities ​ ​ 760,860 ​ ​ 731,779 ​ ​ 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 A