Overview
- G-III reported fourth-quarter net income of $31.9 million on sales of about $771 million as adjusted EPS fell to $0.30, with a roughly $17.5 million Saks-related bad-debt expense cutting earnings by $0.30 per share.
- Shipments to Saks were halted in December, reducing quarterly sales by approximately $20 million, and the company recorded an additional $45 million in noncash impairment charges tied to the retailer’s bankruptcy.
- Full-year guidance calls for about $2.71 billion in sales and diluted EPS of $2.00 to $2.10, reflecting the removal of roughly $470 million of revenue as Calvin Klein and Tommy Hilfiger licenses wind down.
- Tariff pressures weighed on profitability, with fourth-quarter gross margin at 37% and an estimated $65 million unmitigated tariff impact for the year.
- Leaders highlighted more than $400 million in cash plus roughly $700 million of availability, identified $25 million in run-rate savings, and pointed to growth in Donna Karan and Karl Lagerfeld alongside new licenses with Champion, Converse, and French Connection.