Financial Analysis

NOTE 13 LITIGATION WITH PVH CORP. On June 13, 2025, the Company filed a complaint against PVH Corp . and two of its subsidiaries (Defendants) in the New York County Commercial Division of the Supreme Court of the State of New York for breach of contract, breach of the implied covenant of good faith and fair dealing, and tortious interference with contract arising out of the unreasonable denial of the Companys request to extend the Calvin Klein and Tommy Hilfiger licenses for the womens suits category for an additional three-year period and other actions taken by Defendants that undermined the Companys ability to perform under Calvin Klein and Tommy Hilfiger license agreements and subjected the Company to contractual penalties. On July 30, 2025, Calvin Klein, Inc. and Tommy Hilfiger Licensing LLC filed their own complaint against G-III in the same court alleging breaches of the license agreements between the parties. The Company believes that Calvin Klein, Inc. and Tommy Hilfiger Licensing LLCs complaint is without merit, and the Company intends to vigorously defend against these actions. Due to the uncertainty inherent in any litigation, the Company is unable to estimate any reasonably possible loss, or range of loss, with respect to this matter. …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 7 NOTES PAYABLE Long-term debt consists of the following: April 30, 2026 April 30, 2025 January 31, 2026 (In thousands) Unsecured loans $ 2,695 $ 5,336 $ 3,468 Overdraft facilities 8,110 7,995 3,578 Foreign credit facilities 4,602 5,411 4,696 Subtotal 15,407 18,742 11,742 Less: Current portion of long-term debt (11,044) (11,959) (7,104) Total $ 4,363 $ 6,783 $ 4,638 Third Amended and Restated ABL Credit Agreement On June 4, 2024, the Companys subsidiaries, G-III Leather Fashions, Inc., Riviera Sun, Inc., AM Retail Group, Inc. and The Donna Karan Company Store LLC (collectively, the Borrowers), entered into the third amended and restated credit agreement (the Third ABL Credit Agreement) with the lenders named therein and with JPMorgan Chase Bank, N.A., as administrative agent. The Third ABL Credit Agreement is a five-year senior secured asset-based revolving credit facility providing for borrowings in an aggregate principal amount of up to $700.0 million. The Company and certain of its wholly-owned domestic subsidiaries, as well as G-III Apparel Canada ULC (collectively, the Guarantors), are guarantors under the Third ABL Credit Agreement. The Third ABL Credit Agreement amends and restates the Second Amended Credit Agreement, dated as of August 7, 2020 (as amended, supplemented or otherwise modified from time to time prior to June 4, 2024, the Second Credit Agreement), by and among the Borrowers and the Guarantors, the lenders from time-to-time party thereto, and JPMorgan …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 4 FAIR VALUE OF FINANCIAL INSTRUMENTS Generally Accepted Accounting Principles establish a three-level valuation hierarchy for disclosure of fair value measurements. The determination of the applicable level within the hierarchy for a particular asset or liability depends on the inputs used in its valuation as of the measurement date, notably the extent to which the inputs are market-based (observable) or internally-derived (unobservable). A financial instruments categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels are defined as follows: Level 1 inputs to the valuation methodology based on quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 inputs to the valuation methodology based on quoted prices for similar assets or liabilities in active markets for substantially the full term of the financial instrument; quoted prices for identical or similar instruments in markets that are not active for substantially the full term of the financial instrument; and model-derived valuations whose inputs or significant value drivers are observable. Level 3 inputs to the valuation methodology based on unobservable prices or valuation techniques that are significant to the fair value measurement. The following table summarizes the carrying values and the estimated fair values of the Companys debt instruments: Carrying Value Fair Value April 30, Apri …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

NOTE 5 LEASES The Company leases retail stores, warehouses, distribution centers, office space and certain equipment. Leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company recognizes lease expense for these leases on a straight-line basis over the lease term. Most leases are for a term of one to ten years. Some leases include one or more options to renew, with renewal terms that can extend the lease term from one to ten years. Several of the Companys retail store leases include an option to terminate the lease based on failure to achieve a specified sales volume. The exercise of lease renewal options is generally at the Companys sole discretion. The exercise of lease termination options is generally by mutual agreement between the Company and the lessor. Certain of the Companys lease agreements include contingent rental payments based on a percentage of retail sales over contractual levels and others include rental payments adjusted periodically for inflation. Contingent rent is accrued each period as the liabilities are incurred. The Companys leases do not contain any material residual value guarantees or material restrictive covenants. The Companys operating lease assets and liabilities as of April 30, 2026, April 30, 2025 and January 31, 2026 consist of the following: Leases Classification April 30, 2026 April 30, 2025 January 31, 2026 (In thousands) Assets Operating Operating lease assets $ 263,276 $ 253,884 $ 257,619 Liabilit …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Recently Adopted Accounting Guidance There was no accounting guidance adopted during the three months ended April 30, 2026. Issued Accounting Guidance Being Evaluated for Adoption In November 2024, the FASB issued ASU 2024-03 , Income Statement Reporting Comprehensive Income Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The ASU requires public entities to disclose more detailed information about certain costs and expenses presented in the income statement, including inventory purchases, employee compensation, selling expenses, depreciation and intangible asset amortization. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The amendments in this ASU should be applied prospectively; however, retrospective application is permitted. The Company is currently evaluating the impact of ASU 2024-03 on its consolidated financial statements and related disclosures. …

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NOTE 9 REVENUE RECOGNITION Disaggregation of Revenue In accordance with ASC 606 Revenue from Contracts with Customers , the Company discloses its revenues by segment. Each segment presents its own characteristics with respect to the timing of revenue recognition and the type of customer. In addition, disaggregating revenues using a segment basis is consistent with how the Companys Chief Operating Decision Maker manages the Company. The Company has identified the wholesale operations segment and the retail operations segment as distinct sources of revenue. Wholesale Operations Segment. Wholesale revenues include sales of products to retailers under owned, licensed and private label brands, as well as sales related to the Karl Lagerfeld and Vilebrequin businesses, including from retail stores operated by Karl Lagerfeld and Vilebrequin, other than sales of product under the Karl Lagerfeld Paris brand generated by the Companys retail stores and digital platforms. Wholesale revenues from sales of products are recognized when control transfers to the customer. The Company considers control to have been transferred when the Company has transferred physical possession of the product, the Company has a right to payment for the product, the customer has legal title to the product and the customer has the significant risks and rewards of the product. Wholesale revenues are adjusted by variable consideration arising from implicit or explicit obligations. Wholesale revenues also include r …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

NOTE 10 SEGMENTS The Companys reportable segments are business units that offer products through different channels of distribution. The Company has two reportable segments: wholesale operations and retail operations. The wholesale operations segment includes sales of products to retailers under owned, licensed and private label brands, as well as sales related to the Vilebrequin and Karl Lagerfeld businesses, including from retail stores operated by Vilebrequin and Karl Lagerfeld, other than sales of product under the Karl Lagerfeld Paris brand generated by the Companys retail stores and digital platforms. Wholesale revenues also include revenues from license agreements related to trademarks associated with the Companys owned brands. The retail operations segment consists primarily of direct sales to consumers through company operated stores, which consists primarily of DKNY and Karl Lagerfeld Paris stores, as well as the digital channels for DKNY, Donna Karan, Karl Lagerfeld Paris, G.H. Bass and Wilsons Leather. Substantially all DKNY and Karl Lagerfeld Paris stores are operated as outlet stores in North America. The Company determines its operating segments based on how the Chief Operating Decision Maker (CODM) views and analyzes each segments operations and performance. The Companys CODM is its Chief Executive Officer. The CODM utilizes operating profit or loss as the measure of segment profit or loss. The CODM uses operating profit or loss to determine resource allocatio …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 11 STOCKHOLDERS EQUITY For the three months ended April 30, 2026, the Company issued no shares of common stock and utilized 1,286 shares of treasury stock in connection with the vesting of equity awards. For the three months ended April 30, 2025, the Company issued no shares of common stock and utilized 213,829 shares of treasury stock in connection with the vesting of equity awards. Dividends On March 12, 2026, the Board of Directors declared a quarterly cash dividend of $0.10 per share on the issued and outstanding common stock of the Company. The dividend was paid on March 30, 2026, to all stockholders of record as of March 23, 2026. On May 26, 2026, the Board of Directors declared a cash dividend of $0.10 per share. The dividend will be paid on July 8, 2026 to all stockholders of record as of June 22, 2026. …

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NOTE 15 SUBSEQUENT EVENTS On May 14, 2026, the Company entered into certain agreements relating to the acquisition of the Marc Jacobs business from LVMH Moet Hennessy Louis Vuitton Inc. and its affiliates (LVMH). The transaction is structured such that (i) MJ Topco, LLC (IPCo), a newly formed joint venture between a subsidiary of the Company and an affiliate of WHP Global (WHP), will acquire all of the issued and outstanding units of Marc Jacobs Holdings, LLC through a wholly owned indirect subsidiary, Majestic AcqCo, LLC, (ii) following such acquisition, the Company will acquire the Marc Jacobs operating business through its subsidiaries, and (iii) IPCo will retain the Marc Jacobs intellectual property and certain other retained assets. The Company will fund its approximately $500 million investment using cash on hand and borrowings under its revolving credit facility. The Company will operate the business pursuant to a license from IPCo. Subject to closing, the license agreement will provide an exclusive right to use the Marc Jacobs brand in the United States, Canada, Mexico and Western Europe for the distribution, promotion and sale of specified product categories, including womens and mens apparel, handbags, footwear, swim, small leather goods, luggage and cold weather accessories, through wholesale channels, branded retail stores and branded e-commerce sites. The initial term of the license agreement is from the effective date through December 2041, and the Company has 1 …

SubsequentEventsTextBlock · excerpt; the full note is in the filing