G-III Apparel Group Ltd

giii.com

What Do They Do?

Sells apparel and accessories under owned, licensed and private-label brands to retailers, and sells branded products directly to consumers through stores and digital channels.

How Do They Make Money?

Retailers pay for wholesale products when they take possession of the goods; wholesale revenue also includes royalties from licenses of G-III-owned trademarks. Consumers pay for store and digital purchases when they take possession.

revenue

Segment	Share	Revenue	How money arrives
Wholesale operations	97% FY2022: 98%
Retail Sold outright	6.3% FY2022: 4.3%		Sold outright

Who Are Their Customers?

Department, specialty and mass-market retailers buy G-III products through its sales force; consumers also buy through company-operated stores and digital platforms, while retail partners sell products through their own stores and websites.

Customers above 10% of revenue, FY2026

of revenue from three customers (21%, 11%, 11%)

FY2025: 44% from three customers

Do Revenues Turn Into Profits?

Yes. It kept 2 cents of every revenue dollar as net income in FY2025 and turned 9 cents into free cash flow.

Operating income, FY2025

4% of revenue

▼ −63% vs FY2024 ($293.1M, 9%)

Net income, FY2025

2% of revenue

▼ −65% vs FY2024 ($193.6M, 6%)

Free cash flow, FY2025

9% of revenue

▼ −4% vs FY2024 ($274.9M, 9%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jul 31, 2026

Revenue: ▼ −10%; vs $613.3M in Q2 FY2025
Net income: ▲ +85%; vs $10.9M in Q2 FY2025

Wholesale operations share of revenue vs 96.1% in Q2 FY2025

Sep 2, 2026 Completed Marc Jacobs acquisition and raised fiscal 2027 earnings guidance G-III acquired the operating business through subsidiaries; IPCo retained the Marc Jacobs intellectual property.
Jun 5, 2026 Raised fiscal 2027 earnings guidance Net income outlook was $171.0 million to $175.0 million.

Flat. Revenue was $3B in FY2025, about the same as the $2.8B of FY2021.

New licensed brands The latest report adds Converse, BCBG and French Connection to its licensed-brand portfolio, with products launched or a new license agreement described beyond the labels listed in the older report.

Revenue over time

Wholesale operations Retail

$5B$2.5B$0

FY2021 FY2022 FY2023 FY2024 FY2025

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