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G-III Apparel (GIII)

G-III designs, sources and markets apparel and accessories under owned, licensed and private label brands. G-III's substantial portfolio of more than 30 licensed and proprietary brands is anchored by five global power brands: DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger and Karl Lagerfeld Paris. G-III's owned brands include DKNY, Donna Karan, Vilebrequin, G.H. Bass, Eliza J, Jessica Howard, Andrew Marc and Marc New York. G-III has fashion licenses under the Calvin Klein, Tommy Hilfiger, Karl Lagerfeld Paris, Kenneth Cole, Cole Haan, Guess?, Vince Camuto, Levi's and Dockers brands. Through its team sports business, G-III has licenses with the National Football League, National Basketball Association, Major League Baseball, National Hockey League and over 150 U.S. colleges and universities. G-III also distributes directly to consumers through its DKNY, Karl Lagerfeld Paris and Vilebrequin stores and its digital channels for the DKNY, Donna Karan, Vilebrequin, Karl Lagerfeld Paris, Andrew Marc, Wilsons Leather and G.H. Bass brands.

Company profile

Ticker
GIII
Exchange
Website
CEO
Morris Goldfarb
Employees
Incorporated
Location
Fiscal year end
Former names
ANTE CORP
SEC CIK
Subsidiaries
G-III Leather Fashions, Inc. • AM Retail Group, Inc. • CK Outerwear LLC • G-III Apparel Canada ULC • G-III Hong Kong Limited • Kostroma Limited • Hangzhou G-III Apparel Trading Co., Ltd • G-III License Company, LLC • Riviera Sun, Inc. • G-III Brands, Ltd. ...
IRS number
411590959

GIII stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

7 Jun 22
13 Aug 22
31 Jan 23
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Jan 20 Jan 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 438.41M 438.41M 438.41M 438.41M 438.41M 438.41M
Cash burn (monthly) 9.19M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 31.78M n/a n/a n/a n/a n/a
Cash remaining 406.63M n/a n/a n/a n/a n/a
Runway (months of cash) 44.2 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jun 22 Morris Goldfarb Common Stock, Par Value $.01 Per Share Payment of exercise Dispose F No No 22.2 13,539 300.57K 1,844,964
15 Jun 22 Aaron Sammy Common Stock, Par Value $.01 Per Share Payment of exercise Dispose F No No 22.2 9,778 217.07K 453,012
15 Jun 22 Nackman Neal Common Stock, Par Value $.01 Per Share Payment of exercise Dispose F No No 22.2 1,259 27.95K 94,366
15 Jun 22 Goldfarb Jeffrey David Common Stock, Par Value $.01 Per Share Payment of exercise Dispose F No No 22.2 3,554 78.9K 472,631
9 Jun 22 Robert L Johnson Common Stock, Par Value $.01 Per Share Grant Acquire A No No 0 5,086 0 15,191
91.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 227 219 +3.7%
Opened positions 36 43 -16.3%
Closed positions 28 14 +100.0%
Increased positions 82 61 +34.4%
Reduced positions 69 75 -8.0%
13F shares Current Prev Q Change
Total value 1.2B 1.23B -2.7%
Total shares 44.23M 44.55M -0.7%
Total puts 216.36K 60.9K +255.3%
Total calls 112.6K 54.7K +105.9%
Total put/call ratio 1.9 1.1 +72.6%
Largest owners Shares Value Change
BLK Blackrock 7.58M $205.14M +3.0%
Vanguard 4.87M $131.86M +7.3%
Dimensional Fund Advisors 3.3M $89.27M +1.1%
FMR 2.36M $63.94M -36.1%
Cramer Rosenthal MCGLYNN 1.94M $52.49M -28.0%
STT State Street 1.65M $44.51M +2.7%
RY Royal Bank Of Canada 1.19M $32.3M -3.6%
Wasatch Advisors 1.07M $28.89M NEW
Candlestick Capital Management 1M $27.05M 0.0%
GS Goldman Sachs 896.96K $24.26M -23.5%
Largest transactions Shares Bought/sold Change
FMR 2.36M -1.33M -36.1%
Wasatch Advisors 1.07M +1.07M NEW
Cramer Rosenthal MCGLYNN 1.94M -755.55K -28.0%
IVZ Invesco 572.71K -553.4K -49.1%
Millennium Management 616.47K +542.3K +731.1%
Norges Bank 0 -429.87K EXIT
Vanguard 4.87M +332.87K +7.3%
Fuller & Thaler Asset Management 331.54K +331.54K NEW
Assenagon Asset Management 324.87K +287.19K +762.2%
GS Goldman Sachs 896.96K -275.12K -23.5%

Financial report summary

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Management Discussion
  • Net sales for the three months ended April 30, 2022 increased to $688.8 million from $519.9 million in the same period last year. Net sales of our segments are reported before intercompany eliminations.
  • Net sales of our wholesale operations segment increased to $680.9 million for the three months ended April 30, 2022 from $511.5 million in the comparable period last year. This increase is primarily the result of a $67.0 million increase in net sales of Calvin Klein licensed products, a $27.9 million increase in net sales of our DKNY and Donna Karan products, a $20.9 million increase in net sales of Karl Lagerfeld Paris licensed products and a $14.8 million increase in net sales of Tommy Hilfiger licensed products. The increase in sales of Calvin Klein products was primarily related to dresses, women’s suits, handbags and jeanswear. The increase in sales of DKNY/Donna Karan products was primarily related to dresses, handbags and swimwear. The increase in sales of Karl Lagerfeld Paris products was primarily related to handbags, men’s outerwear and sportswear. The increase in sales of Tommy Hilfiger products was primarily related to jeanswear and dresses.
  • Net sales of our retail operations segment increased to $27.9 million for the three months ended April 30, 2022 from $19.4 million in the same period last year. This increase is primarily due to an increase in our store count in the current year. The number of retail stores operarted by us increased from 50 at April 30, 2021 to 60 at April 30, 2022. In addition, the continued recovery from the COVID-19 pandemic resulted in increased store traffic and comparable store sales during the three months ended April 30, 2022 compared to the same period last year.

Content analysis

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