G-III Apparel Group Ltd Q3 2024 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Will Gaertner - Wells Fargo Securities, LLC - Analyst : Hi. Thanks for taking my questions. Maybe we could talk a little bit about the guidance. So, you guys beat by $65 million, but the flow-through was only $10 million on the top-line. Is that just a matter of being conservative? Or can you just kind of put some more color on that?

Question: Will Gaertner - Wells Fargo Securities, LLC - Analyst : Got it. And just one more follow-up. On Champion, is this going to be similar economics to the other licenses you had previously? And maybe just frame out how big you think that this licensing deal could be for you.

Question: Will Gaertner - Wells Fargo Securities, LLC - Analyst : Just the economics are the same from an EBIT margin perspective? Is it similar economics?

Question: Will Gaertner - Wells Fargo Securities, LLC - Analyst : Got it. Thank you. I'll pass it along.

Question: Mauricio Serna - UBS Economics - Analyst : Great. Good morning, and thanks for taking my question. I just wanted to get a little bit more detail on -- I think like the implied growth for the second half of the year is around 5%, 6%. Just want to understand how much of that is driven by wholesale versus retail? And in general, like, during this quarter, what can you tell us about the performance of the key brands? Which one had a stronger performance? Which one is maybe you seeing some underperformance? And I don't know if you mentioned this, but did you provide any long-term expectations on how much the Champion business could reach over time in the long-term? Thank you.

Question: Mauricio Serna - UBS Economics - Analyst : Very helpful, and congratulations on the results. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.

Question: Paul Kearney - Barclays - Analyst : Hey, good morning. Thanks for taking my question. I think just to ask a little bit differently, relative to 90 days ago, what brands or categories drove revenue upside in the quarter compared to your expectations? And then could you comment on what you're seeing on channel inventory levels, whether you're seeing continued conservatism in wholesale ordering? Or are you starting to see them need to replenish their inventory levels? Thanks.

Question: Paul Kearney - Barclays - Analyst : Thank you.

Question: Dana Telsey - Telsey Advisory Group - Analyst : Hi. Good morning, Marcus. Good morning, Morris, Neal, and Priya. Congratulations on the nice progress. As you think about the portfolio that is continuing to evolve and grow, are there categories that you want to focus on in adopting new licensing deals that we should be thinking about? And then as you think about the current wholesale environment with the improved order book, what's changed? How's AURs? What's happening with the promotional environment? And how do you envision holiday? And then I have one last follow-up.

Question: Dana Telsey - Telsey Advisory Group - Analyst : You answered most.

Question: Dana Telsey - Telsey Advisory Group - Analyst : Just a last thing, what's your outlook on holiday? How you're thinking about it? And given the diversification of wholesale accounts for Champion, how do you see wholesale evolving? Thank you.

Question: Dana Telsey - Telsey Advisory Group - Analyst : Thank you. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.

Question: Dana Telsey - Telsey Advisory Group - Analyst : Thank you.

Question: Dana Telsey - Telsey Advisory Group - Analyst : Thank you.