US’ G-III Apparel reports $1.09 bn Q3 sales, 1.8% growth

G-III Apparel has reported Q3 FY25 net sales of $1.09 billion, up 1.8 per cent YoY, with net income of $114.8 million ($2.55 EPS).
Nine-month sales rose slightly to $2.34 billion YoY, with net income of $144.8 million.
FY25 guidance was raised, expecting 2 per cent sales growth to $3.15 billion and EPS of $4.08-$4.18.
Inventories fell 10 per cent, and debt dropped 52 per cent.

​G-III Apparel has reported Q3 FY25 net sales of $1.09 billion, up 1.8 per cent YoY, with net income of $114.8 million ($2.55 EPS).
Nine-month sales rose slightly to $2.34 billion YoY, with net income of $144.8 million.
FY25 guidance was raised, expecting 2 per cent sales growth to $3.15 billion and EPS of $4.08-$4.18.
Inventories fell 10 per cent, and debt dropped 52 per cent.