GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » G-III Apparel Group Ltd (NAS:GIII) » Definitions » Retained Earnings

G-III Apparel Group (G-III Apparel Group) Retained Earnings : $1,160 Mil (As of Jan. 2024)


View and export this data going back to 1989. Start your Free Trial

What is G-III Apparel Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. G-III Apparel Group's retained earnings for the quarter that ended in Jan. 2024 was $1,160 Mil.

G-III Apparel Group's quarterly retained earnings increased from Jul. 2023 ($1,004 Mil) to Oct. 2023 ($1,131 Mil) and increased from Oct. 2023 ($1,131 Mil) to Jan. 2024 ($1,160 Mil).

G-III Apparel Group's annual retained earnings declined from Jan. 2022 ($1,117 Mil) to Jan. 2023 ($984 Mil) but then increased from Jan. 2023 ($984 Mil) to Jan. 2024 ($1,160 Mil).


G-III Apparel Group Retained Earnings Historical Data

The historical data trend for G-III Apparel Group's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

G-III Apparel Group Retained Earnings Chart

G-III Apparel Group Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 893.14 916.68 1,117.01 983.94 1,160.11

G-III Apparel Group Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 983.94 987.18 1,003.62 1,131.26 1,160.11

G-III Apparel Group Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


G-III Apparel Group  (NAS:GIII) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


G-III Apparel Group (G-III Apparel Group) Business Description

Traded in Other Exchanges
Address
512 Seventh Avenue, New York, NY, USA, 10018
G-III Apparel Group Ltd is a textile company. It makes a wide range of apparel, footwear, and accessories that it sells under its own brands, licensed brands, and private-label brands. G-III has a substantial portfolio for licensed and proprietary brands, anchored by five global power brands: DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld. The company has two reportable operations: Wholesale Operations and Retail Operations. The Wholesale operations segment includes sales of products under brands licensed by us from third parties, as well as sales of products under its own brands and private label brands. The retail operations segment consists primarily of Wilsons Leather, G.H. Bass, and DKNY retail stores. It derives most of its revenues from Wholesale operations.
Executives
Neal Nackman officer: Chief Financial Officer/Treas C/O G-III APPAREL GROUP LTD, 512 SEVENTH AVENUE, NEW YORK NY 10019
Laura H Pomerantz director
Alan Feller director C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018
Sammy Aaron director, officer: Vice Chairman C/O GIII APPAREL GROUP, 512 SEVENTH AVENUE, NEW YORK NY 10019
Andrew Yaeger director 512 SEVENTH AVE., NEW YORK NY 10018
Joyce F Brown director C/O RALPH LAUREN CORPORATION, 650 MADISON AVENUE, NEW YORK NY 10022
Michael A Shaffer director C/O PHILLIPS-VAN HEUSEN CORPORATION, 200 MADISON AVENUE, NEW YORK NY 10016
Morris Goldfarb director, 10 percent owner, officer: Chief Executive Officer C/O G-III APPAREL GROUP, 345 W 37TH ST, NY NY 10018
Amigo Victor Herrero director C/O CHW ACQUISITION CORPORATION, 2 MANHATTANVILLE ROAD, SUITE 403, PURCHASE NY 10577
Jeffrey David Goldfarb director, other: Dir. of Business Develop. G-III APPAREL, 512 SEVENTH AVENUE, NEW YORK NY 10018
Patti H Ongman director C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202
Lisa W Wardell director 5900 RYLAND DRIVE, BETHESDA MD 20817
Thomas Brosig director C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018
Wayne S Miller officer: Chief Operating Officer C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018
Robert L Johnson director C/O RLJ COMPANIES, 3 BETHESDA METRO CENTER, SUITE 1000, BETHESDA MD 20814