G III APPAREL GROUP LTD DE
For the period ended Jan 31, 2024. Filed Mar 25, 2024.
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FY2024 · Filed Mar 25, 2024
GIII$32.20-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income (Loss)
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| · · Year Ended January 31, | |||||||||
| · 2024 · 2023 · 2022 | |||||||||
| · · (In thousands, except per share amounts) | |||||||||
| Net sales | | $3,098,242 | | $3,226,728 | | $2,766,538 | |||
| Cost of goods sold | | | 1,856,395 | | | 2,125,591 | | | 1,778,349 |
| Gross profit | | | 1,241,847 | | | 1,101,137 | | | 988,189 |
| Selling, general and administrative expenses | | | 924,223 | | | 833,151 | | | 648,015 |
| Depreciation and amortization | | | 27,523 | | | 27,762 | | | 27,626 |
| Asset impairments | | | 6,758 | | | 349,686 | | | 1,455 |
| Operating profit (loss) | | | 283,343 | | | (109,462) | | | 311,093 |
| Other income (loss) | | | (3,149) | | | 27,894 | | | 9,549 |
| Interest and financing charges, net | | | (39,595) | | | (56,602) | | | (49,666) |
| Income (loss) before income taxes | | | 240,599 | | | (138,170) | | | 270,976 |
| Income tax expense (benefit) | | | 65,859 | | | (3,788) | | | 70,875 |
| Net income (loss) | | | 174,740 | | | (134,382) | | | 200,101 |
| Less: Loss attributable to noncontrolling interests | | | (1,428) | | | (1,321) | | | (492) |
| Net income (loss) attributable to G-III Apparel Group, Ltd. | | $176,168 | | $(133,061) | | $200,593 | |||
| | | | | | | | | | |
| NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO G-III APPAREL GROUP, LTD.: | | | | | | | | | |
| Basic: | | | | | | | | | |
| Net income (loss) per common share | | $3.84 | | $(2.79) | | $4.14 | |||
| Weighted average number of shares outstanding | | | 45,859 | | | 47,653 | | | 48,426 |
| | | | | | | | | | |
| Diluted: | | | | | | | | | |
| Net income (loss) per common share | | $3.75 | | $(2.79) | | $4.05 | |||
| Weighted average number of shares outstanding | | | 47,000 | | | 47,653 | | | 49,516 |
| | | | | | | | | | |
| Net income (loss) | | $174,740 | | $(134,382) | | $200,101 | |||
| Other comprehensive income (loss): | | | | | | | | | |
| Foreign currency translation adjustments | | | 8,462 | | | 2,965 | | | (12,456) |
| Other comprehensive income (loss): | | | 8,462 | | | 2,965 | | | (12,456) |
| Comprehensive income (loss) | | | 183,202 | | | (131,417) | | | 187,645 |
| Comprehensive loss attributable to noncontrolling interests: | | | | | | | | | |
| Net loss | | | (1,428) | | | (1,321) | | | (492) |
| Foreign currency translation adjustments | | | (16) | | | (89) | | | 21 |
| Comprehensive loss attributable to noncontrolling interests | | | (1,444) | | | (1,410) | | | (471) |
| Comprehensive income (loss) attributable to G-III Apparel Group, Ltd. | | $181,758 | | $(132,827) | | $187,174 | |||
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