G III APPAREL GROUP LTD /DE/

For the period ended Oct 31, 2025. Filed Dec 9, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Oct 31, 2025 · Filed Dec 9, 2025

GIII$32.20-0.6%Stored close · as of Nov 10, 2026

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Contents

Item 1. Financial Statements

G-III APPAREL GROUP, LTD. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS


· · October 31, · · October 31, · · January 31,
· · 2025 · · 2024 · · 2025
· (Unaudited) · (Unaudited) · ·
· · (In thousands, except per share amounts)
ASSETS
Current assets
Cash and cash equivalents	$184,063	$104,686	$181,440
Accounts receivable, net of allowance for doubtful accounts of $1,997, $1,355 and $7,588, respectively	771,746	879,681	624,752
Inventories	547,092	532,463	478,086
Prepaid income taxes	9,122	9,207	2,487
Prepaid expenses and other current assets	46,241	55,183	48,589
Total current assets	1,558,264	1,581,220	1,335,354
Investments in unconsolidated affiliates	117,447	109,911	105,360
Property and equipment, net	79,816	70,298	69,318
Operating lease assets	259,504	286,232	255,180
Other assets, net	64,522	47,246	66,577
Other intangibles, net	25,125	28,232	27,093
Deferred income tax assets, net	15,460	26,964	15,439
Trademarks	638,575	633,508	608,913
Total assets	$2,758,713	$2,783,611	$2,483,234
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Current portion of notes payable	$4,067	$10,277	$3,114
Accounts payable	334,284	239,882	228,154
Accrued expenses	152,109	160,059	137,788
Customer refund liabilities	89,849	88,323	79,985
Current operating lease liabilities	53,360	55,479	50,268
Income tax payable	34,859	45,730	10,686
Other current liabilities	418	571	495
Total current liabilities	668,946	600,321	510,490
Notes payable	6,493	213,898	3,045
Deferred income tax liabilities, net	54,399	51,442	48,083
Noncurrent operating lease liabilities	221,559	246,834	221,257
Other noncurrent liabilities	18,189	22,390	20,878
Total liabilities	969,586	1,134,885	803,753

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 paid-in capital	469,650	456,839	467,692
Accumulated other comprehensive income (loss)	22,922	3,420	(25,519)
Retained earnings	1,452,969	1,304,894	1,353,678
Common stock held in treasury, at cost - 7,206, 5,511 and 5,509 shares, respectively	(156,678)	(116,691)	(116,634)
Total stockholders' equity	1,789,127	1,648,726	1,679,481
Total liabilities, redeemable noncontrolling interests and stockholders' equity	$2,758,713	$2,783,611	$2,483,234

The accompanying notes are an integral part of these statements*.*

G-III APPAREL GROUP, LTD. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME


· · Three Months Ended October 31, · · Nine Months Ended October 31,
· · 2025 · 2024 · 2025 · 2024
· · (Unaudited)
· · (In thousands, except per share amounts)
Net sales	$988,649	$1,086,759	$2,185,524	$2,341,261
Cost of goods sold	607,116	654,628	1,306,976	1,374,363
Gross profit	381,533	432,131	878,548	966,898
Selling, general and administrative expenses	260,429	259,240	718,769	724,891
Depreciation and amortization	7,196	6,556	21,095	20,704
Asset impairments	1,607	—	1,607	—
Operating profit	112,301	166,335	137,077	221,303
Other income (loss)	1,412	942	4,167	(2,233)
Interest and financing charges, net	(229)	(6,358)	(386)	(16,658)
Income before income taxes	113,484	160,919	140,858	202,412
Income tax expense	32,891	46,151	41,567	57,903
Net income	80,593	114,768	99,291	144,509
Less: loss attributable to noncontrolling interests	—	—	—	(273)
Net income attributable to G-III Apparel Group, Ltd.	$80,593	$114,768	$99,291	$144,782


NET INCOME PER COMMON SHARE ATTRIBUTABLE TO G-III APPAREL GROUP, LTD.:
Basic:
Net income per common share	$1.91	$2.62	$2.31	$3.24
Weighted average number of shares outstanding	42,254	43,885	42,917	44,640

Diluted:
Net income per common share	$1.84	$2.55	$2.23	$3.17
Weighted average number of shares outstanding	43,898	44,954	44,529	45,719

Net income	$80,593	$114,768	$99,291	$144,509
Other comprehensive income (loss):
Foreign currency translation adjustments	(593)	15,489	48,441	6,589
Other comprehensive income (loss)	(593)	15,489	48,441	6,589
Comprehensive income	$80,000	$130,257	$147,732	$151,098
Comprehensive loss attributable to noncontrolling interests:
Net loss	—	—	—	(273)
Foreign currency translation adjustments	—	—	—	38
Comprehensive loss attributable to noncontrolling interests	—	—	—	(235)
Comprehensive income attributable to G-III Apparel Group, Ltd.	$80,000	$130,257	$147,732	$150,863

The accompanying notes are an integral part of these statements.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.