you, guidance. Neal, well and thank top us. joining our exceeding strong for bottom-line registered everyone another We quarter Thank you and
The to second look a balance what our full the off quarter environment. half as dynamic navigate confidence gives year This us remains accordingly, ahead demonstrating our to strong we’ve raised for we first G-III, caps the and ability of a year guidance.
growth. strong our business of execution while global a on many we in leader opportunities our focused As for remain fashion, pursuing
well second gross last Similar X% XX% our to XXXX, exceeding approximately $X.XX, of $XXX the margins was were quarter. second guidance guidance the what were Non-GAAP million, first year, year's $XX share increase second fiscal $X.XX. quarter sales in than above million. diluted or by from per For income net $XXX better we experienced quarter quarter, our an million last net of by
have which logistics and the last freight significant occurred to Our anniversary primarily quarter. beginning we're costs, year's now moderated in costs one-time third
in million, $XXX our have rightsizing quarter. made have pleased year's aligned. was inventory, levels $X.XX appropriately billion in inventory our to to the last as our progress buys warehousing which down future very with remain XX% needs inventory we've approach are second disciplined to our compared We adjusted We and
Our new cost. inventory freight much at coming lower are purchases in
for half. are We second the well-positioned
the We ended shares. $XXX with and continues brands flexibility $XX shareholders. million -- capacity returning XX The is availability, million financial the repaying in cash a balance and shares, businesses. to remain of we've top replenished to a buyback to million strong $XX quarter our invest our future to the in priority with of position new repurchased of Further, our our stock which in million growth Board debt. Year-to-date, our sheet after provides X.X million and us own own businesses strength new and
and opportunities, on our announced internationally. America of the and by Let in stores, growth me development recently Karan track three next distributed discussing expansion begin with of Karan, launch North digital our own Donna which remain better department widely will These in be first include repositioning which Donna more of deliveries channels, to and website the all year.
shop-in-shops. launch partner collection XXX XXX build will been We has and in received. branded The over will we doors well new
additional America, Our category a begin for jeans and will in categories. long-term follow range the which Nautica with broad license with of North
great. retailers Our product shop-in-shops. Orders and jeans over already looks XX will are launch the partner branded who doors think build will from in we XXX in
growth. has but of distribution presenting range for across Our master Halston is globally multiple and a almost network. limited international of as avenues well-recognized global licensee currently distribution agreement The no American North the brand distribution, products our XX-year full of
creating a brand. purchase ability an The another option licensor additional for the the as stream. have to also includes income We agreement categories, to act also
an license that iconic with morning this announced has global we for wide multi-year Champion, new American to brand outerwear our Additionally, HanesBrands recognition. produce
create will through deliveries global license This be our competencies as well seamlessly of aligns will network as with perfectly in channels already pieces available with into that Champions' our our and quality XXXX. diverse America core will offering. The for We fit distributed product North lifestyle Champions' well-developed expand heritage fall outerwear divisions. first
licensed names our vision. product brands forward-thinking across for across categories, our which owned broad global portfolio, dominance team range brands leadership, most including to and and We a our to our diverse our of network on growth sourcing diversified entirely merchant has brands strong and XX expanding across in range some of high-performing our focus fit remain than steadfast in range well-developed as even our in is brands G-III new additional more of and chain experienced core foundation broader of that enabled foundation, of in the our consumers. unlock consists our corporate senior bringing geographies reach well-developed distribution development, the infrastructure partners owned and as of categories. well licensed of in built our this We've value long-term expertise Supporting product our fashion. product lines an This sought-after retail diverse a supply
to tremendous sales essential Our appeal. growth is lifestyle wider elevating to work audiences, has and realize enabled their reach them
and Our make of continues demonstrated for G-III record retailers. track a choice to brands partner for
to do is enabled culture we the at deliver of everything Over value. in changes just the to at I announcing Since quickly regardless we four Hilfiger we're Calvin and external strategic nimble has our to us we licenses the so, new years, Agility and Tommy to results. come. to initiatives additional continue In factors. moved evolve doing with G-III, create more discussed of our entrepreneurial December, Klein and always shareholder creating heart
strategic of on this priorities. some our me update quarter you let against progress Now our
is categories. first priority drive power across to brands our Our
categories DKNY, continue to Hilfiger, separates well key Klein, sportswear, results Lagerfeld, as Our Calvin outerwear in led by Tommy and across be Levi's. and dresses, our suit brands strength Karl as including dressier
We and denim, footwear also saw strength sports. across team
our season. and and book Looking inventory good third quarter, is appropriately. the fall for our looks well-positioned aligned ahead holiday at We're order important the
future, Vilebrequin, each varying Halston, being about brands including as needs, of think Karan, of number of lifestyle As aesthetic business which key appeal several have retailers. the growth and we and we to greater wide even propositions. to for opportunities creating Nautica The unique drivers important segments Karl across range customer our DKNY, an Donna look Lagerfeld,
inspired by wardrobe for and energy is products. you that DKNY brand modern looking night attracts from to of attitude This consumers carry the to contemporary a New the York. day younger provides
appeal brands. is lifestyle Karan most the to from needs sophisticated dressing system of created every Donna one woman's in the women While of it a products full modern addresses search to level, on senses a of recognizable American of
embodies swimwear perfectly aesthetic of in fused a namesake fashion, features and a Karl The its fashion. product Parisian-inspired for always-in-style top-tier product of for a and with casual contemporary with forward-looking with attitude a cultivates Vilebrequin, spirit tailored Lagerfeld, name the brand, status refinement rock-chic fantasy, an our charm true high spirit. clientele. staying to iconic classics the
to Nautica offer function, in aspirational consumers key elegance seeking classic search relaxed dressing an approach with appeals a and a stands easy modern Grounded which feel to simple style. appeals a to style. and iconic for recent fit, brand shoppers license, lifestyle with Americana, in classic is will our and Halston, nautical-inspired casual that modern that's designs most and of And more
a a of their complement our specific one opportunities. to have point bring core broadens of and positioning. price which for our offer Our brands brands design points, strategies Each and another distinct dedicated portfolio our tailored that of distribution distribution view range teams
revenue They by profit Karl Growing represent driver enable global owned also Lagerfeld, with $X.X Vilebrequin the billion year, an our to and licensing up our including brand, we in longer-term Lagerfeld further year. we grow G-III. they over time. reach. $X in DKNY, priority With billion as business year, a sales ownership Karl to will important margins to annual whole Karan, revenue This providing be operating extend last remains believe generating brands Donna can and of the over key for us strategic income this XX% our higher international last annual
registered and in quarter. growth second solid the Lagerfeld businesses DKNY Our year-over-year Karl
the been brand. seamless new had and We transitional now The business Lagerfeld acquisition our great it for year the integration a growth a this was launched has Karl a Europe, Lagerfeld in It since category of brand. jeans of key Karl full year.
in stores to We and will dedicated have line, the Paris Madrid. in just second one jeans the two
For perspectives. This of the campaign including focused a marketing the be fall the key number digital, as around and and US through partnerships will media, robust amplified will across explores which influencer uniqueness a DKNY be You, placements international premium same well DKNY's campaign social York from New of as markets. outdoor mix of
reality filters, a fall digital, off globe. Met through The collaborations the around out more. the across including and Gala, with campaign marketing campaign channels roll will will brought momentum Coming on Karl augmented the activities life NFTs, of innovative focus to high-impact Lagerfeld's creative be
highly own We through opportunities licensing profitable to arrangements. continue brand's leverage to on capitalize our recognition
another we our quarter, some is secured from This good which renewals indicator our licenses, of brand of strength. key
in we wider process Additionally, exposing entirely to licenses are of in a new audience. adding brand categories, our the
our important reach Extending global another priority. is
endeavor, This renowned creating first chef. We Award The Macau, that other other exposure. a Last hosted XXX years VIPs hotel passing. featuring attended attracting hotel month, represents for on Lagerfeld internationally Yeoh, design Academy Michelle international a with six was This drive the personally it prior major another a X,XXX for Karl's and notable opened a project brand winner luxury sophisticated officially and global worked and have as opening unique is restaurant five-star partnerships with his Karl guests. opulent brand Michelin-starred its luxury audience. to in vision grand by experience he guestrooms and
announced linked destination. Malacca, rapidly the Malaysia, an ship. we in international nine-tower World Sail as June, will and structures the feature It at that Hotel Lagerfeld The Site In second tourist a in a tallest emerging world Karl Tower UNESCO development a is resemble Heritage
actively additional the create the summer a experience. as The summer, offering destination Paris' beach we at global model the We're to by la a Plage, brand offer Rue to opened second beach hosted Bahamas enhancing the to elevated new a franchise of beach for more double during Film and penetration high-profile vacationers events new Festival. appeal enabling and quickly line, de one international Cannes our international This has rapidly the of us for on the opportunities increase brand brand. store and beach status opening official enabled which quarter, Paix, digits. replicate as continue the luxury Vilebrequin's experiences, guests to has been higher several club, increase major on became awareness, International concept the La an working Vilebrequin club licensing two The corporate stores also club during will which of This us a celebrity our The in clubs. AURs success, will opportunities
our to working been Europe, international business. build to has In We expand office continue DKNY brand's the Milan our presence.
stores and to date open to to openings continue additional have already follow. partners opened franchise Our three with
We expansion, in and in resources an to drive digital continue invest important our to growth our priority omni-channel which brands. for remains
business and digital sites with over Paris partners and American DKNY Lagerfeld North owned our Karl XX%. pure-play Our was our up
Our investments believe this have other these work is the by is just Fanatics, entire operated the ahead them beginning Amazon, can our created leveraging of growth digital We're we and many opportunities sites digital digital-only the with we are create. paying excited these across as retailers well that portfolio. and about and as that off, with capabilities partners
across is our wholesale our business brick-and-mortar department and key. Our stores accounts
our the to of at differentiated the success by incredible and maximize to in-store, model wholesale. right right support an time job the at continue channels have as our in right created our the strong a sales to business shop We've customers done evidenced quarter. teams product performance As getting
sales a hand is positioned Our with our buys, deliver data, work floors planners which informed appropriate products. plan hand our they their designs, in and retailers timely in their side, create strong and to And desirable merchandisers the to on is designers on partner by with teams data-driven uniquely basis. comprised the are product of on our stores again, their ensuring well who
continually analytics in investments design enable the needs retailer. to us the our lines on and revise Our of to capitalize
sell-throughs strongest drive to for a successfully. strong formula meets building our This us products ensure business proven each our best-in-class creates of creating that line some demand, of our consumer that mix and the retailers. we a partners retail category makes Additionally, partner
years. Independent Directors Lastly, Board new Directors six over past new recently four with us. Overall, I'm the just which three pleased refreshment our efforts, Independent we've having joined with -- added
of recently management impressive Fashion Board Macy's Our RLJ of and Founder members retired and Chief Bob Michael Director the Lovisa Former the and Founder Patti of Officer Dr. Former Chief Chairman of CEO Chief Victor an Head Guess?; Executive diverse Institute leading important Chief Officer Brown, President of advisor businesses; and of in time Transactions of of to current to fashion a Group. Ongman, and Joyce Having Merchandising during Equity independent, Board Officer Companies F. and and includes and Yaeger, the Johnson, external Jefferies’ members along our Technology; us of G-III. Operating and points Chairman perspectives new and provide of to Shaffer, number Each this of consultant; PVH currently a Officer our evolution Corp team BET; with Strategic and Global brand list valuable Herrero, Australian Former view position fashion is better of of new for company's Financial Andrew them future.
done confidence performance across outlook. our our our wholesale job expect priorities, XXXX strategic fiscal strong successfully have the inventory second conclusion, to billion. financial great In enthusiasm great now digital our book, a order and of We of prudent raise and product, and increases strength $X.X Based on our we've our net about XXXX feel executing management, we quarter fiscal I discipline our team. and sales segment,
raising income be We diluted XXXX. in share net fiscal non-GAAP to in are per $X.XX range compared $X.XX $X.XX our to to of the
quarter third quarter discussion will Neal of as our second full year guidance I the for the pass well financial and call as fiscal now for results to a XXXX.
