Latest news with #MorrisGoldfarb
Fibre2Fashion
a day ago
- Business
- Fibre2Fashion
US' G-III Apparel holds FY26 sales forecast, posts higher Q1 earnings
American clothing company G-III Apparel Group has reaffirmed its net sales outlook for fiscal 2026 (FY26) at approximately $3.14 billion, slightly below the $3.18 billion recorded in fiscal 2025. However, it has withdrawn its net income, non-GAAP income, and adjusted EBITDA guidance issued in March due to uncertainty surrounding tariffs and broader macroeconomic conditions. As of June 5, 2025, current tariff rates are expected to add around $135 million in unmitigated costs, largely in the second half of the year. The company aims to offset these impacts through diversified sourcing, selective pricing adjustments, and cost-saving measures, it said in its financial statement. G-III Apparel Group has reaffirmed its FY26 net sales outlook at $3.14 billion but withdrawn earnings guidance due to tariff-related uncertainty, which may add $135 million in costs. Q1 FY26 sales dipped 4 per cent, but net income rose to $7.8 million. Q2 sales are projected to decline year-on-year. The company cut debt by 96 per cent and repurchased $19.7 million in shares. For the second quarter (Q2) ending July 31, 2025, net sales are projected at $570 million, down from $644.8 million year-on-year, impacted by supply chain disruptions and timing shifts in key programmes. Gross margin is expected to remain stable. Net income is forecast between $1 million and $6 million, or $0.02–$0.12 per diluted share, sharply down from $24.2 million, or $0.53 per diluted share, in Q2 FY25. For the first quarter (Q1) ended April 30, 2025, G-III Apparel Group has reported a 4 per cent year-on-year decline in net sales to $583.6 million, down from $609.7 million in the same period last year. Despite the revenue drop, net income rose to $7.8 million, or $0.17 per diluted share, compared to $5.8 million, or $0.12 per diluted share, in Q1 FY25. On a non-GAAP basis, net income per diluted share came in at $0.19, excluding $1.0 million in one-time severance expenses related to a closed warehouse. This adjustment accounted for a $0.02 per share impact. There were no non-GAAP adjustments in the prior year's first quarter. As of the end of the quarter, inventories declined 5 per cent to $456.5 million, while total debt was slashed by 96 per cent to $18.7 million from $426.4 million. The sharp reduction followed the company's voluntary redemption in August 2024 of its $400 million senior secured notes, financed through cash reserves and borrowings from its revolving credit facility, the statement added. Additionally, the company repurchased 807,437 shares for $19.7 million during the quarter, underscoring its continued commitment to shareholder returns. Morris Goldfarb, G-III's chairman and chief executive officer , said, 'G-III delivered solid first quarter results, marked by earnings that exceeded the high end of guidance. Our performance was fuelled by double-digit growth of our key owned brands, DKNY, Karl Lagerfeld and Donna Karan, which largely offset the exit of the Calvin Klein jeans and sportswear businesses. These results underscore the strong demand and desirability of our brand portfolio and are a testament to our team's outstanding execution.' Goldfarb concluded, 'We are reaffirming our net sales guidance for fiscal 2026 and working diligently to mitigate the impact of tariffs. Our experienced management team has a proven track record of successfully navigating periods of uncertainty, and we view the ongoing disruptions as an opportunity to strengthen our competitive position and capture incremental market share. As we advance our strategic priorities, we have never been more confident in the global resonance of our brands and the significant growth potential ahead to drive long-term profitability and shareholder value.' Fibre2Fashion News Desk (KD)
Yahoo
2 days ago
- Business
- Yahoo
G-III (NASDAQ:GIII) Exceeds Q1 Expectations, Full-Year Outlook Slightly Exceeds Expectations
Fashion conglomerate G-III (NASDAQ:GIII) reported Q1 CY2025 results beating Wall Street's revenue expectations , but sales fell by 4.3% year on year to $583.6 million. Revenue guidance for the full year exceeded analysts' estimates, but next quarter's guidance of $570 million was less impressive, coming in 8.2% below expectations. Its non-GAAP profit of $0.19 per share was 51.1% above analysts' consensus estimates. Is now the time to buy G-III? Find out in our full research report. Revenue: $583.6 million vs analyst estimates of $580.3 million (4.3% year-on-year decline, 0.6% beat) Adjusted EPS: $0.19 vs analyst estimates of $0.13 (51.1% beat) Adjusted EBITDA: $19.49 million vs analyst estimates of $19.95 million (3.3% margin, 2.3% miss) The company reconfirmed its revenue guidance for the full year of $3.14 billion at the midpoint Adjusted EPS guidance for Q2 CY2025 is $0.07 at the midpoint, below analyst estimates of $0.48 Operating Margin: 1.5%, in line with the same quarter last year Market Capitalization: $1.20 billion Morris Goldfarb, G-III's Chairman and Chief Executive Officer, said, 'G-III delivered solid first quarter results, marked by earnings that exceeded the high end of guidance. Our performance was fueled by double-digit growth of our key owned brands, DKNY, Karl Lagerfeld and Donna Karan, which largely offset the exit of the Calvin Klein jeans and sportswear businesses. These results underscore the strong demand and desirability of our brand portfolio and are a testament to our team's outstanding execution.' Founded as a small leather goods business, G-III (NASDAQ:GIII) is a fashion and apparel conglomerate with a diverse portfolio of brands. A company's long-term performance is an indicator of its overall quality. Any business can have short-term success, but a top-tier one grows for years. Regrettably, G-III's sales grew at a weak 1.5% compounded annual growth rate over the last five years. This was below our standards and is a poor baseline for our analysis. Long-term growth is the most important, but within consumer discretionary, product cycles are short and revenue can be hit-driven due to rapidly changing trends and consumer preferences. G-III's recent performance shows its demand has slowed as its revenue was flat over the last two years. This quarter, G-III's revenue fell by 4.3% year on year to $583.6 million but beat Wall Street's estimates by 0.6%. Company management is currently guiding for a 11.6% year-on-year decline in sales next quarter. Looking further ahead, sell-side analysts expect revenue to decline by 1.6% over the next 12 months, a slight deceleration versus the last two years. This projection doesn't excite us and indicates its products and services will face some demand challenges. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. G-III's operating margin might fluctuated slightly over the last 12 months but has remained more or less the same, averaging 9.1% over the last two years. This profitability was mediocre for a consumer discretionary business and caused by its suboptimal cost structure. This quarter, G-III generated an operating margin profit margin of 1.5%, in line with the same quarter last year. This indicates the company's overall cost structure has been relatively stable. Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. G-III's EPS grew at a solid 15.5% compounded annual growth rate over the last five years, higher than its 1.5% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded. In Q1, G-III reported EPS at $0.19, up from $0.12 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects G-III's full-year EPS of $4.57 to shrink by 16.1%. We were impressed by how significantly G-III blew past analysts' EPS expectations this quarter. We were also glad its full-year revenue guidance slightly exceeded Wall Street's estimates. On the other hand, its EPS guidance for next quarter and its EBITDA missed. Overall, this quarter was mixed. The stock remained flat at $27.80 immediately after reporting. So do we think G-III is an attractive buy at the current price? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
G-III Apparel Group, Ltd. Reports First Quarter Fiscal 2026 Results
Net Income Per Diluted Share of $0.17 for the First Quarter Compared to $0.12 Last Year and Non-GAAP Net Income Per Diluted Share of $0.19 for the First Quarter Compared to $0.12 Last Year, Both Exceeding Guidance Net Sales of $583.6 Million for the First Quarter Compared to $609.7 Million Last Year Repurchases of $19.7 Million or 807,437 Shares in the First Quarter Reaffirms Net Sales Guidance for Fiscal 2026 NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) -- G-III Apparel Group, Ltd. (NasdaqGS: GIII) ('G-III' or the 'Company') today reported results for the first quarter of fiscal 2026, ended April 30, 2025. Morris Goldfarb, G-III's Chairman and Chief Executive Officer, said, 'G-III delivered solid first quarter results, marked by earnings that exceeded the high end of guidance. Our performance was fueled by double-digit growth of our key owned brands, DKNY, Karl Lagerfeld and Donna Karan, which largely offset the exit of the Calvin Klein jeans and sportswear businesses. These results underscore the strong demand and desirability of our brand portfolio and are a testament to our team's outstanding execution.' Mr. Goldfarb concluded, 'We are reaffirming our net sales guidance for fiscal 2026 and working diligently to mitigate the impact of tariffs. Our experienced management team has a proven track record of successfully navigating periods of uncertainty, and we view the ongoing disruptions as an opportunity to strengthen our competitive position and capture incremental market share. As we advance our strategic priorities, we have never been more confident in the global resonance of our brands and the significant growth potential ahead to drive long-term profitability and shareholder value.' Results of Operations First Quarter Fiscal 2026 Net sales for the first quarter ended April 30, 2025 decreased 4% to $583.6 million compared to $609.7 million in the prior year's quarter. Net income for the first quarter ended April 30, 2025 was $7.8 million, or $0.17 per diluted share, compared to $5.8 million, or $0.12 per diluted share, in the prior year's quarter. Non-GAAP net income per diluted share was $0.19 for the first quarter ended April 30, 2025 compared to $0.12 in the same period last year. Non-GAAP net income per diluted share in the first quarter of fiscal 2026 excludes $1.0 million in one-time severance expenses related to a closed warehouse. There were no non-GAAP adjustments during the first quarter of fiscal 2025. The effect of this exclusion was equal to $0.02 per diluted share in the first quarter of this year. Balance Sheet as of First Quarter Fiscal 2026 Inventories decreased 5% to $456.5 million this year compared to $479.7 million last year. Total debt decreased 96% to $18.7 million this year compared to $426.4 million last year. In August 2024, we voluntarily redeemed the entire $400.0 million principal amount of our senior secured notes (the 'Notes') at a redemption price equal to 100% of the principal amount of the Notes plus accrued and unpaid interest. The payment was made with cash on hand and borrowings from the revolving credit facility. Capital Allocation Share repurchases of 807,437 for $19.7 million were made in the first quarter ended April 30, 2025. Outlook The Company has reaffirmed its net sales outlook for fiscal 2026. Due to uncertainty around tariffs and related macroeconomic conditions, the Company has withdrawn its net income, non-GAAP net income and adjusted EBITDA guidance for fiscal 2026 issued on March 13, 2025. Based on the tariff rates in place on June 5, 2025, the Company anticipates the unmitigated cost of tariffs on goods imported into the United States will result in additional expense of approximately $135.0 million, which is expected to primarily be weighted to the second half of the year. The Company is diligently working to offset these costs through (i) diversifying our sourcing mix and vendor discounts, (ii) selective price increases and (iii) other cost saving initiatives. In addition, the Company today provided its outlook for its second quarter ending July 31, 2025. Fiscal 2026 Net sales are expected to be approximately $3.14 billion. This compares to net sales of $3.18 billion for fiscal 2025. As previously planned, the Company continues to expect sales in the first half of fiscal 2026 to be lower as compared to the previous year, with acceleration expected in the second half of fiscal 2026. Second Quarter Fiscal 2026 Net sales for the second quarter of fiscal 2026 are expected to be approximately $570.0 million. Net sales are expected to be negatively impacted by supply chain challenges and timing shifts in certain programs into the second half of this year. This compares to net sales of $644.8 million in last year's second quarter. Gross margins are expected to be comparable to the prior year's second quarter. Net income for the second quarter of fiscal 2026 is expected to be between $1.0 million and $6.0 million, or diluted earnings per share between $0.02 and $0.12. This compares to net income of $24.2 million, or $0.53 per diluted share, in last year's second quarter. Non-GAAP Financial Measures Reconciliations of GAAP net income to non-GAAP net income, GAAP net income per diluted share to non-GAAP net income per diluted share and GAAP net income to adjusted EBITDA are presented in tables accompanying the financial statements included in this release and provide useful information to evaluate the Company's operational performance. A description of the amounts excluded on a non-GAAP basis are provided in conjunction with these tables. Non-GAAP net income, non-GAAP net income per diluted share and adjusted EBITDA should be evaluated in light of the Company's financial statements prepared in accordance with GAAP. About G-III Apparel Group, Ltd. G-III Apparel Group, Ltd., a global leader in fashion with expertise in design, sourcing and marketing, owns and licenses a portfolio of over 30 preeminent brands. The Company is differentiated across unique brand propositions, product categories and consumer touch points. G-III owns ten iconic brands including, DKNY, Karl Lagerfeld, Donna Karan and Vilebrequin, and licenses over 20 brands including Calvin Klein, Tommy Hilfiger, Nautica, Halston, Converse, BCBG and National Sports leagues, among others. Statements concerning G-III's business outlook or future economic performance, anticipated revenues, expenses or other financial items; product introductions and plans and objectives related thereto; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters are "forward-looking statements" as that term is defined under the federal securities laws. Forward-looking statements are subject to risks, uncertainties and factors which include, but are not limited to, risks related to the reliance on licensed product, risks relating to G-III's ability to increase revenues from sales of its other products, new acquired businesses or new license agreements as licenses for Calvin Klein and Tommy Hilfiger product expire on a staggered basis, reliance on foreign manufacturers, risks of doing business abroad, supply chain disruptions, risks related to acts of terrorism and the effects of war, the current economic and credit environment risks related to our indebtedness, the nature of the apparel industry, including changing customer demand and tastes, customer concentration, seasonality, risks of operating a retail business, risks related to G-III's ability to reduce the losses incurred in its retail operations, customer acceptance of new products, the impact of competitive products and pricing, dependence on existing management, possible disruption from acquisitions, the impact on G-III's business of the imposition of tariffs by the United States government and business and general economic conditions, including inflation and higher interest rates, as well as other risks detailed in G-III's filings with the Securities and Exchange Commission. G-III assumes no obligation to update the information in this release. G-III APPAREL GROUP, LTD. AND SUBSIDIARIES(Nasdaq: GIII)CONSOLIDATED STATEMENTS OF INCOME(In thousands, except per share amounts) Three Months Ended April 30, 2025 2024 (Unaudited) Net sales $ 583,609 $ 609,747 Cost of goods sold 337,065 350,854 Gross profit 246,544 258,893 Selling, general and administrative expenses 231,495 236,621 Depreciation and amortization 6,573 8,768 Operating profit 8,476 13,504 Other income (loss) 3,462 (223 ) Interest and financing charges, net (461 ) (5,424 ) Income before income taxes 11,477 7,857 Income tax expense 3,718 2,305 Net income 7,759 5,552 Less: loss attributable to noncontrolling interests — (250 ) Net income attributable to G-III Apparel Group, Ltd. $ 7,759 $ 5,802 Net income attributable to G-III Apparel Group, Ltd. per common share: Basic $ 0.18 $ 0.13 Diluted $ 0.17 $ 0.12 Weighted average shares outstanding: Basic 43,748 45,484 Diluted 45,385 46,734 Selected Balance Sheet Data (in thousands): As of April 30, 2025 2024 (Unaudited) Cash and cash equivalents $ 257,785 $ 508,434 Working capital 817,509 1,140,449 Inventories 456,482 479,671 Total assets 2,415,873 2,565,399 Total debt 18,742 426,351 Operating lease liabilities 269,922 224,452 Total stockholders' equity 1,684,094 1,519,875 G-III APPAREL GROUP, LTD. AND SUBSIDIARIESRECONCILIATION OF GAAP NET INCOME TO NON-GAAP NET INCOME(In thousands) Three Months Ended April 30, 2025 April 30, 2024 (Unaudited) GAAP net income attributable to G-III Apparel Group, Ltd. $ 7,759 $ 5,802 Excluded from non-GAAP: One-time warehouse related severance expenses 978 — Income tax impact of non-GAAP adjustments (316 ) — Non-GAAP net income attributable to G-III Apparel Group, Ltd., as defined $ 8,421 $ 5,802 Non-GAAP net income is a 'non-GAAP financial measure' that excludes in fiscal 2026 one-time severance expenses related to a closed warehouse. There were no non-GAAP exclusions for the first quarter of fiscal 2025. The income tax impact of non-GAAP adjustments is calculated using the effective tax rate for the period. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding items that are not indicative of our core business operating results. Management uses these non-GAAP financial measures to assess our performance on a comparative basis and believes that they are also useful to investors to enable them to assess our performance on a comparative basis across historical periods and facilitate comparisons of our operating results to those of our competitors. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.G-III APPAREL GROUP, LTD. AND SUBSIDIARIESRECONCILIATION OF GAAP NET INCOME PER SHARE TO NON-GAAP NET INCOME PER SHARE Three Months Ended April 30, 2025 April 30, 2024 (Unaudited) GAAP diluted net income attributable to G-III Apparel Group, Ltd. per common share $ 0.17 $ 0.12 Excluded from non-GAAP: One-time warehouse related severance expenses 0.03 — Income tax impact of non-GAAP adjustments (0.01 ) — Non-GAAP diluted net income attributable to G-III Apparel Group, Ltd. per common share, as defined $ 0.19 $ 0.12 Non-GAAP diluted net income per common share is a 'non-GAAP financial measure' that excludes in fiscal 2026 one-time severance expenses related to a closed warehouse. There were no non-GAAP exclusions for the first quarter of fiscal 2025. The income tax impact of non-GAAP adjustments is calculated using the effective tax rate for the period. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding items that are not indicative of our core business operating results. Management uses these non-GAAP financial measures to assess our performance on a comparative basis and believes that they are also useful to investors to enable them to assess our performance on a comparative basis across historical periods and facilitate comparisons of our operating results to those of our competitors. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. G-III APPAREL GROUP, LTD. AND SUBSIDIARIESRECONCILIATION OF NET INCOME TO ADJUSTED EBITDA(In thousands) Three Months Ended April 30, 2025 April 30, 2024 (Unaudited) Net income attributable to G-III Apparel Group, Ltd. $ 7,759 $ 5,802 One-time warehouse related severance expenses 978 — Depreciation and amortization 6,573 8,768 Interest and financing charges, net 461 5,424 Income tax expense 3,718 2,305 Adjusted EBITDA, as defined $ 19,489 $ 22,299 Adjusted EBITDA is a 'non-GAAP financial measure' which represents earnings before depreciation and amortization, interest and financing charges, net and income tax expense and excludes in fiscal 2026 one-time severance expenses related to a closed warehouse. Adjusted EBITDA is being presented as a supplemental disclosure because management believes that it is a common measure of operating performance in the apparel industry. Adjusted EBITDA should not be construed as an alternative to net income, as an indicator of the Company's operating performance, or as an alternative to cash flows from operating activities as a measure of the Company's liquidity, as determined in accordance with GAAP. G-III APPAREL GROUP, LTD. AND SUBSIDIARIESRECONCILIATION OF FORECASTED AND ACTUAL GAAP NET INCOME TO FORECASTED AND ACTUAL NON-GAAP NET INCOME(In thousands) Forecasted Three Actual Three Months Ending Months Ended July 31, 2025 July 31, 2024 (Unaudited) Net income attributable to G-III Apparel Group, Ltd. $ 1,000 - 6,000 $ 24,212 Excluded from non-GAAP: Gain on forgiveness of liabilities — (600 ) Income tax impact of non-GAAP adjustments — 168 Non-GAAP net income attributable to G-III Apparel Group, Ltd., as defined $ 1,000 - 6,000 $ 23,780 Non-GAAP net income is a 'non-GAAP financial measure' that excludes in fiscal 2025 the gain on the forgiveness of certain liabilities related to the acquisition of the minority interest of our DKNY business in China that we did not already own. The income tax impact of non-GAAP adjustments is calculated using the effective tax for the period. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding items that are not indicative of our core business operating results. Management uses these non-GAAP financial measures to assess our performance on a comparative basis and believes that they are also useful to investors to enable them to assess our performance on a comparative basis across historical periods and facilitate comparisons of our operating results to those of our competitors. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. G-III APPAREL GROUP, LTD. AND SUBSIDIARIESRECONCILIATION OF FORECASTED AND ACTUAL GAAP NET INCOME PER SHARE TO FORECASTED AND ACTUAL NON-GAAP NET INCOME PER SHARE Forecasted Three Actual Three Months Ending Months Ended July 31, 2025 July 31, 2024 (Unaudited) GAAP diluted net income attributable to G-III Apparel Group, Ltd. per common share $ 0.02 - 0.12 $ 0.53 Excluded from non-GAAP: Gain on forgiveness of liabilities — (0.01 ) Income tax impact of non-GAAP adjustments — — Non-GAAP diluted net income attributable to G-III Apparel Group, Ltd. per common share, as defined $ 0.02 - 0.12 $ 0.52 Non-GAAP diluted net income per common share is a 'non-GAAP financial measure' that excludes in fiscal 2025 the gain on the forgiveness of certain liabilities related to the acquisition of the minority interest of our DKNY business in China that we did not already own. The income tax impact of non-GAAP adjustments is calculated using the effective tax for the period. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding items that are not indicative of our core business operating results. Management uses these non-GAAP financial measures to assess our performance on a comparative basis and believes that they are also useful to investors to enable them to assess our performance on a comparative basis across historical periods and facilitate comparisons of our operating results to those of our competitors. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. G-III Apparel Group, Ltd. Company Contact:Priya TrivediSVP of Investor Relations and Treasurer(646) 473-5228
Yahoo
07-04-2025
- Business
- Yahoo
Q4 Earnings Outperformers: G-III (NASDAQ:GIII) And The Rest Of The Apparel and Accessories Stocks
Looking back on apparel and accessories stocks' Q4 earnings, we examine this quarter's best and worst performers, including G-III (NASDAQ:GIII) and its peers. Thanks to social media and the internet, not only are styles changing more frequently today than in decades past but also consumers are shifting the way they buy their goods, favoring omnichannel and e-commerce experiences. Some apparel and accessories companies have made concerted efforts to adapt while those who are slower to move may fall behind. The 16 apparel and accessories stocks we track reported a satisfactory Q4. As a group, revenues beat analysts' consensus estimates by 2.9% while next quarter's revenue guidance was in line. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 22.1% since the latest earnings results. Founded as a small leather goods business, G-III (NASDAQ:GIII) is a fashion and apparel conglomerate with a diverse portfolio of brands. G-III reported revenues of $839.5 million, up 9.8% year on year. This print exceeded analysts' expectations by 4%. Despite the top-line beat, it was still a mixed quarter for the company with an impressive beat of analysts' adjusted operating income estimates but a miss of analysts' Wholesale revenue estimates. Morris Goldfarb, G-III's Chairman and Chief Executive Officer, said, '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. We delivered record non-GAAP earnings per diluted share of $4.42, a 9% increase over last year and above our expectations, while also expanding gross margins. These results were achieved despite a very challenging operating environment, and I want to thank our global teams for their unwavering efforts.' The stock is down 2.1% since reporting and currently trades at $24.83. Is now the time to buy G-III? Access our full analysis of the earnings results here, it's free. Owner of The North Face, Vans, and Supreme, VF Corp (NYSE:VFC) is a clothing conglomerate specializing in branded lifestyle apparel, footwear, and accessories. VF Corp reported revenues of $2.83 billion, up 1.9% year on year, outperforming analysts' expectations by 1.2%. The business had a stunning quarter with a solid beat of analysts' constant currency revenue and EPS estimates. The stock is down 59.6% since reporting. It currently trades at $10.73. Is now the time to buy VF Corp? Access our full analysis of the earnings results here, it's free. Flexing the iconic upside-down triangle logo with a question mark, Guess (NYSE:GES) is a global fashion brand known for its trendy clothing, accessories, and denim wear. Guess reported revenues of $932.3 million, up 4.6% year on year, exceeding analysts' expectations by 2.9%. Still, it was a slower quarter as it posted full-year EPS guidance missing analysts' expectations. Interestingly, the stock is up 4.3% since the results and currently trades at $10.52. Read our full analysis of Guess's results here. Credited for inventing the first pair of blue jeans in 1873, Levi's (NYSE:LEVI) is an apparel company renowned for its iconic denim products and classic American style. Levi's reported revenues of $1.84 billion, up 12% year on year. This result beat analysts' expectations by 6%. Aside from that, it was a mixed quarter as it also logged a solid beat of analysts' constant currency revenue estimates but full-year EPS guidance missing analysts' expectations. Levi's scored the fastest revenue growth among its peers. The stock is down 26.2% since reporting and currently trades at $13.33. Read our full, actionable report on Levi's here, it's free. Originally founded as a necktie company, Ralph Lauren (NYSE:RL) is an iconic American fashion brand known for its classic and sophisticated style. Ralph Lauren reported revenues of $2.14 billion, up 10.8% year on year. This print surpassed analysts' expectations by 6.5%. It was a very strong quarter as it also logged an impressive beat of analysts' constant currency revenue and adjusted operating income estimates. The stock is down 23.8% since reporting and currently trades at $189.80. Read our full, actionable report on Ralph Lauren here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Sign in to access your portfolio
