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NEW YORK - G-III Apparel Group, Ltd. (NASDAQ:GIII), a company maintaining excellent financial health with an InvestingPro Overall Score of "GREAT," has entered into a seven-year exclusive licensing agreement with ALDO Product Services (APS), a division of the ALDO Group, to rejuvenate the G.H.BASS brand, a company with a legacy in craftsmanship and timeless style. The partnership, announced today, grants APS the rights to design, produce, and distribute G.H.BASS footwear, bags, and small leather goods in North America. The company's strong balance sheet, with a healthy current ratio of 2.62 and low debt-to-equity ratio of 0.17, positions it well for this expansion.
The collaboration is set to launch for the Spring/Summer 2026 season and will see the G.H.BASS brand expand its product offerings, with a focus on blending its heritage with modern design. APS will manage the brand's e-commerce platform and aims to attract a new generation of consumers through its global supply chain and manufacturing expertise. With a robust gross profit margin of 40.82% and an attractive P/E ratio of 6.45, G-III demonstrates strong operational efficiency. Discover more detailed financial metrics and 12 additional ProTips with an InvestingPro subscription.
Jeffrey Goldfarb, EVP of G-III Apparel Group, expressed enthusiasm for the partnership, highlighting ALDO's proven omnichannel capabilities and extensive supplier network as key to increasing G.H.BASS's market presence. Jonathan Frankel, President of ALDO Product Services, emphasized the timeliness of the move, citing market conditions and the opportunity to leverage APS's diversified global sourcing network and design expertise to fuel growth and deliver quality, modern essentials.
This strategic move is intended to bolster the G.H.BASS brand's position in the market and is reflective of the ALDO Group's commitment to innovation and excellence in the footwear and accessories industry. The information in this article is based on a press release statement.
In other recent news, G-III Apparel Group Ltd. reported impressive financial results for the fourth quarter of 2025, surpassing both earnings and revenue expectations. The company achieved an earnings per share (EPS) of $1.27, significantly beating the forecast of $0.96, while revenue reached $839.5 million, exceeding the anticipated $808.59 million. This strong performance reflects a 10% year-over-year increase in revenue, driven by robust sales of its key owned brands such as DKNY and Donna Karan.
KeyBanc Capital Markets maintained its Overweight rating on G-III Apparel, with a price target of $40, noting the company's gross margin expansion and the continued strength of its owned brands. Additionally, G-III Apparel awarded performance share units to its top executives, aligning their compensation with the company's long-term financial performance goals.
The recent developments indicate a positive trajectory for the company, as analysts from KeyBanc express confidence in G-III Apparel's strategy and potential for further growth.
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