us. Neal thank Sammy Operating Wayne of and Officer; for Vice Aaron, you Vice Goldfarb, President Chief President; and Vice Investor Executive morning Miller, Chairman our are Priya Good joining President; Trivedi, Nackman, Officer; Financial and joining me Jeff Relations. today Chief our our Also
effectively industry way We pandemic, confidence in upon strong is we well gives our which navigated global it the posed quarter to this we us the how last to through our impressive very are recovery. our and period. fiscal In outperformance the XXXX year results, and on end are of to challenges by pleased with that first reflecting see difficult
growth. and which affords us flexibility More in to significant leaner in position, emerged financial with importantly, company we've a our a stronger a solid invest
are built future past Our four upon growth and fundamental strength success, pillars. financial
to These brands Karl throughout of DKNY, the portfolio incredible Klein, Karan, have of and proven by world. our anchored record Lagerfeld. a Tommy appeal relevance Donna Hilfiger longevity, is globally recognized consumers Calvin first lifestyle and brands The
pillar and range athleisure, dresses, lifestyle second separates, footwear. including jeans, handbags suit and diversified dominance a of our in sportswear, is expertise Our categories, outerwear,
of key are base wide channels across is retail we a partners distribution who our for range Our a diversified of vendor. whom third pillar and of operate many
and is these most an consumers with right to G-III, important fourth our broad pillars experience which are potential preferred world-class at Leveraging Lagerfeld range create expertise. enables many of a pillar channel able of we've of success product Tommy here Karl Finally, to us opportunity a price wholesale points shopping. team maybe $X Donna at and Klein, of four Calvin have and just them significant demographic in DKNY, built The of the categories, industry the the of in net of our power wide Hilfiger meet annual needs billion. of brands sales Karan, together taken their the
almost good our upcoming the working to offerings our for With as reacted any to consumers' week, attire This work for where sales and environment. adjusted categories further continued supplier preferences. dresses. by our and diligently to quarter, casual expand a are past succeed demonstrates a drive and model line and results. and broader trends us We with business organic long power growth. resources adapt to This to our a and increasing for into that the runway assortments have seasons. in encouraged growth these These us G-III's invest our of past apparel product sportswear, to are and choice. such each we of partners the changing provide remainder enabled year. Accordingly, the the of the passing position year elevated as as vendor succeed responding of We diversification at lifestyle a to merchants retail the quickly and of ahead in retail indication This
Our getting has stronger few the over been months. and really good last overall North in business America is
our future. about the remainder about optimistic are We this and excited of year fiscal
net first quarter Now quarter sales million, our was last $XXX the The increase increase first wholesale to the to sales net year's XXXX quarter driven segment, where compared down up XX% our review first XX% in quarter quarter and in guidance. $XXX Net the two to were million, of million for let's sales of years year's quarter $XXX by the fiscal in XX% net and $XXX first first an sales for ago. were our compared million results. million $XXX last compared quarter first above
net in of diluted last share the share First our provided quarter $X.XX of net the was net range per high per This the income share years diluted guidance to diluted and quarter two year's quarter GAAP share quarter first GAAP $X.XX per share. end first ago. $X.XX loss compared per per first exceeded $X.XX to year in $X.XX income of
offset a offset working carriers believe Before of our prices also benefit manner. steamship cost availability to freight impact raise vessels. we timely space secure from to rates me our costs. the shipping long-standing of partnerships getting spend moments We our discussing an us rising few allow are to selectively we that details in strength power the with our that that get Like seeing and in will business. frame of into containers. quarter, while inbound to our we're too, increases goods largely on a portfolio the have brands industry, of some we, experiencing the challenges The higher ability let We're global here others in
down ended first year's inventories, for XX% prudently our last down which years the from continue and we ago. quarter quarter, As our to two to first inventories, XX% manage
results our business Our current inventories the now let's sales which and are And drove quarter. positioned. well wholesale and for the at look
dominant trends this business. As expected, were in casual
dress quarter, saw in which we exceeded sales, an this our acceleration Additionally, expectations.
in work comments, athleisure lifestyle my be our also saw continued across to sportswear where opening apparel, for improvement sportswear once stated sales I we accelerated casual As and power and Demand in again strong. to brands, including and continues attire.
In to to ahead. We a transitioning full For Tommy Klein, see home Calvin year, continue incorporating lifestyle Hilfiger we're the some from expertise fits the and successful our and developed effective athleisure second opportunities We've the DKNY into order, years half of lines really dominant built in both out of industry. denim on short well. we ago, and and worked category best an to the collection product with are a supplier. growth drawing functionality for entered the barely two and sportswear, organization, we jeans widely becoming facilitate timing
jeans rapidly with Outerwear the we will of normal year, Our denim. in as sales result in to weather contributor and another growth based Jeans more are the a our coming meaningful a quarter. The now trend. cold life, lines seeing had a first And good quarter and broad a comfortable fueling this have way well years. become returning of capture seen apparel demand. to improving the positioned was casual consumers resurgence to is G-III segment wholesale in demand. of this
collections. right season. As provided lighter us We for outerwear spring foreseeable business. weather set this for seasonally outdoor active chilly remain the in, will meet will functional the environment to maintain inventory we in future, the and grow our fall positions the that and continued demand believe channels levels consumers lifestyle Clean to XXXX continue for well and
day We year we occasion from year's we kept thoughtfully and on casual these our to consumers. teams expectations. are for a to the retail this to component dresses, next almost meet expect design exceeded for success well this was and footwear levels. wears store as This drove footwear, of this demand with quarter our week, XXX particularly less diligently average of the such DKNY are partners in for past category inventory dresses as in and demand and strong for over our the passing Women's by well Currently, categories department U.S. seeing on each working alone. the suit past doors significant double distribution separates. intact significantly career acceleration the As Based quarter, as end
resonating and our business for AURs. Calvin and Klein for refreshed handbag our driving increases As DKNY, in are significant overall assortments
substantial handbag As both businesses, we becoming and are supplier a these well. sizable in footwear as we categories build
We Karl upon digital women's Lagerfeld dresses, past of expected This for six our Based And the collection XX our we significant the and The this Paris Macy's Macy's. distribution months future. with T-shirts. here the sportswear ago, doors expectations. including end with a from casual triple the lifestyle growth early are than at in launched we new success pants, the our doors launch March XX to athleisure of more features year. of assortment, result, will blazers, has exceeded and far elements a by as collection tops, woven stages XXX
become the has also Lagerfeld The businesses in years change of into to driven hired likely that footwear this firmly Karl the is off to handful doors in increased to to strong handbag importance a with pandemic is Stacy transforming effort. for first into start. permanent. shopping. over digital we this an expect we've XXX lead pleased further a that I'm are season an doors and great and at our to organization nearly We consumers' in merchandising a categories by omnichannel XX with digital Stacy and and both and increase Fairly of Bow a experience to Our expertise be distribution business Macy's. It Macy's, veteran behavior announce recognize of fall. has launched and intuitive
merchandising we're quarter, on two our partner sales supplementing and programs further sales retail refresh resources saw our through it years of with of from On creating To the sites, accelerate. ago. additional over dedicating sales retail to digital exclusive partner For XX% product our we sites, continued increases all e-commerce drive marketing. our
own tariffs, As comparable to increased combined last sales Karl for also Lagerfeld for and year. our XX% sites DKNY approximately
purchases are their the Karl site. also on compared significant increases Bass our CRM saw Vilebrequin tool out we on of a to and Initial last significant our fall, G.H. year. Paris repeat include track favorable. a pre-implementation. and acceleration with sales XX% as really Results DKNY are of replatform in to implemented XX% sales in digital sites newly For build to comparable uptick Lagerfeld reads
we opportunity, to our and years minds higher-margin it. Karl will reach of our the compared of DKNY the front, media long term, sales digital business significant with outperformance our will the campaigns Overall, our is DKNY marketing the brands saw weather another market the launch support demand to represents created swimwear. which all to gets continuing share Lagerfeld focus international for amplifying were on penetration logistics quarter growth global capabilities enhancing partner and top up as continued audiences, the to On consumers' considerably sales the of two DKNY growth their they even the distribution in across quarter China redesign fall first channels. support franchisees generating a to a we in warmer, On step to e-commerce. keep These sites, ago. broad and focused up digital by Karl accelerate vendor remain half campaigns In and capturing on Lagerfeld of basis resort second year, brands. for side, will content
Although small, to with the be to widespread China business to small COVID shutdowns. faced the DKNY rapidly. XX% year business, which for continue is European and grow up continued is expected The also be
Vilebrequin, status of is Our has celebrating its brand, innovative collaborations this XXth slate swimwear and product launches incredible year anniversary planned. an and
edition snobiety renowned the with in high into collaboration plan operation. a May, Palm We days significantly week with for brand Vilebrequin store Angels, style store And on in culture. launched few of the meating we premier new up shopping the urban the of the a brand's example, a Mall, in first country. For infuses opened Aventura a by scape recently inspired teamed LA's The destinations limited ago, series its one collection. is which
looking years. quarter, take brand past XX segment, U.S. which important lease of and our Karl improvement most great to some and are omnichannel retail strategically add to about we're XX base. advantage a are we includes brands fashion Now favorable and three These our Lagerfeld amongst Paris to of brands lease availability ownership space retail store locations our to longer-term feel some about terms the gradual with here saw distribution. prime recognized terms in locations. traffic the Accordingly, current DKNY of global let's current at the selectively of of We goals in average move This
with elevating pandemic. Overall, However, elevating been We're the our and the compelling were of operating due growth stores leveraging selling clean virtual and digital product. for growth driving activity we product. virtual fresh have inventories, techniques. quarter selling driving less promotional and much European digital assortments, closed assortments, leveraging fresh to We're compelling
overhead AURs margin shopper to we're rightsize conversions down result, expansion. it. and higher a our Further, continue year-over-year scaled As and we've structure and seeing
the our in -- a par retail can here We We expect to bring losses path in remainder future. the the remain losses you to for with year. the the the business on retail business near of pay optimistic into segment, our see profitability
behind substantial portion us year. quarter one and a the for a We view have book order into our of
provide fiscal confident feel guidance XXXX. Although ability for some full to more in the we our remain, uncertainties
closures fiscal year lower Neal fiscal We XX% which expect share for sales billion, shortly. than adjusted pre-pandemic $X.XX year to years be full ago. levels full more net detail retail two is will the approximately our
managing our year with aligned retail appropriately positioned demand prudently, well capitalize we are network I this as now Neal for XXXX. call progresses. a year on well of are believe guidance partners first We and will for business financial of and and our our pass we discussion consumer to with vendor our second quarter the as to results fiscal full as quarter our the
