G-III Apparel 2025 Outlook, Updated: Now Sees Net Sales Of $3.15B (Prior $3.20B) Vs. $3.20B Estimate And Adjusted EPS Of $4.10-$4.20 (Prior $3.95-$4.05) Vs. $4.02 Est.

Benzinga
2024-12-10

Fiscal 2025

Net sales are expected to increase by approximately 2% to approximately $3.15 billion (prior approximately $3.20 billion), compared to net sales of $3.10 billion for fiscal 2024.

Net income is expected to be between $185.0 million and $190.0 million (prior $179.0 million and $184.0 million), or diluted earnings per share between $4.08 and $4.18 (prior $3.94 and $4.04). This compares to net income of $176.2 million, or $3.75 per diluted share, for fiscal 2024.

Non-GAAP net income for fiscal 2025 is expected to be between $186.0 million and $191.0 million (prior $180.0 and $185.0 million), or diluted earnings per share between $4.10 and $4.20 (prior $3.95 and $4.05). This compares to non-GAAP net income of $189.8 million, or diluted earnings per share of $4.04 for fiscal 2024.

Adjusted EBITDA for fiscal 2025 is expected to be between $309.0 million and $314.0 million (prior $305.0 million and $310.0 million) compared to adjusted EBITDA of $324.1 million in fiscal 2024.

Net interest expense is expected to be approximately $20.4 million, including a $1.6 million non-GAAP charge related to the write-off of deferred financing costs associated with the redemption of the Notes.

We estimate a tax rate of 28.6% for fiscal 2025.

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