G-III Apparel Group Ltd (NASDAQ:GIII) shares are trading higher in premarket on Thursday after the fourth-quarter FY25 earnings report.
The company reported fourth-quarter sales growth of 9.8% year-on-year to $839.535 million, beating the analyst consensus estimate of $807.590 million.
The gross profit rose 17.6% Y/Y to $331.6 million, with the margin expanding 270 basis points to 39.5%.
Selling, general and administrative expenses increased 10.9% to $244.9 million. The operating margin was 8.5%, and operating income for the quarter jumped 55% to $31.7 million.
Adjusted EPS of $1.27 beat the consensus estimate of $0.97.
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The company held $181.4 million in cash and equivalents as of January 31, 2025. Inventories decreased 8% to $478.1 million in FY25 compared to $520.4 million last year.
“Fiscal 2025 was an incredible year, marked by robust top and bottom-line growth. Our world-class teams demonstrated strong execution of our strategic priorities, including bringing four new brands to market and driving outsized growth of our owned brands,” said Chairman and CEO Morris Goldfarb.
Outlook: G-III sees FY26 sales of about $3.14 billion, down from $3.18 billion for fiscal 2025 and against the estimate of $3.23 billion.
The company expects FY26 adjusted EPS of $4.15 – $4.25 versus the estimate of $4.10. G-III sees FY26 adjusted EBITDA of $310.0 million – $315.0 million.
Price Action: G-III shares traded higher by 14.4% at $29.00 in premarket at last check Thursday.
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