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AXS, GIII, and MITSY made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 9, 2024.
G-III Apparel Group, Ltd.'s Q2 2025 results were strong, with proprietary brands growing and improved margins, leading to raised yearly EPS guidance and a 30% stock price surge. The market reaction was exaggerated, but G-III Apparel Group's proprietary brands are growing by double digits, and the company continues to secure new licenses, like Converse. The company's operating margin improved, and it repaid $400 million in debt, enhancing its financial stability and supporting the Buy rating.
G-III beat estimates on the bottom line even as revenue slipped. It raised its earnings guidance for the full year.
G-III Apparel Group, Ltd. (NASDAQ:GIII ) Q2 2025 Earnings Conference Call September 5, 2024 8:30 AM ET Company Participants Neal Nackman - Chief Financial Officer Morris Goldfarb - Chairman and Chief Executive Officer Conference Call Participants Paul Kearney - Barclays Chandana Madaka - KeyBanc Capital Markets Will Gaertner - Wells Fargo Mauricio Serna - UBS Dana Telsey - Telsey Advisory Group Operator Good day and thank you for standing by.
G-III Apparel Group (GIII) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.40 per share a year ago.
NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- G-III Apparel Group, Ltd. (NasdaqGS: GIII) today reported results for the second quarter of fiscal 2025 ended July 31, 2024.
GIII is poised for future success through aggressive digital expansion, strong wholesale and retail performance and key partnerships like AWWG.
G-III Apparel Group, Ltd. was rated a “buy” in August 2023 despite disappointing financial performance. Shares have increased 28.9% since then, outperforming the S&P 500, with mixed financial results but attractive pricing. The company saw revenue decline in 2024, but profits and cash flows improved, inventory levels decreased, and strategic partnerships were made.
G-III Apparel's (GIII) strategic moves position it for robust growth, reinforcing its potential to consistently deliver long-term value to shareholders.
NEW YORK , Aug. 19, 2024 /PRNewswire/ -- In a bold move that captures the spirit of today's generation, DKNY announces that Kaia Gerber will continue as the face of the brand, bringing an authentic edge to the Fall 2024 Campaign. This past spring, DKNY began a new chapter, channeling iconic American style inspired by the New York energy that keeps the brand timeless.