The American clothing group G-III Apparel Group Ltd. has completed the financial year 2024/25 with surprisingly clear growth in sales and results. This emerges from a annual report that the parent company of the fashion brands Donna Karan, DKNY, Karl Lagerfeld and Sonia Rykiel presented on Thursday.
In the past financial year, which ended on January 31, the group sales reached an amount of $ 3.18 billion (2.93 billion euros). In doing so, he exceeded the level of the previous year by 2.7 percent. Last but not least, the group owes the growth of an above -average plus of 9.8 percent in the final quarter.
The net profit grows by almost ten percent
The net profit due to the shareholder in the past year was $ 193.6 million (EUR 178.2 million), which corresponded to an increase of 9.9 percent compared to the previous year.
Chairman and CEO Morris Goldfarb were exceptionally satisfied with the figures presented. In 2024/25, G-III was an “incredible year with solid growth in sales and profits”, he said in a statement. Despite a “very difficult business environment”, the group increased its gross margin and exceeded the winning expectations.
For the current financial year 2025/26, the management expects a decline in sales to a decline in sales due to the expiry of license agreements with the brands Calvin Klein and Tommy Hilfiger to around $ 3.14 billion. The net profit will hardly change. Here the forecast area is 192.0 to 197.0 million US dollars.