G III APPAREL GROUP LTD /DE/ 8K

G-III Apparel Group reported stronger-than-expected Q2 FY27 earnings with higher margins, completed the Marc Jacobs acquisition, and raised full-year GAAP and non-GAAP earnings guidance (excluding Marc Jacobs) while acknowledging lower sales tied to expiring Calvin Klein and Tommy Hilfiger licenses.

G-III Apparel Group, Ltd. reported its second quarter fiscal 2027 results for the period ended July 31, 2026, showing GAAP diluted EPS of $0.46 versus $0.25 a year earlier and non-GAAP diluted EPS of $0.26 versus $0.25, on net sales that declined 10% to $554.1 million but with gross margin expanding 440 basis points to 45.2%; the company highlighted strong performance in its go-forward brand portfolio, completed the acquisition of the Marc Jacobs business with a long-term target of $1 billion in annual revenue (though expecting slight dilution in fiscal 2027 and over the first 12 months post-closing), and raised its GAAP and non-GAAP net income guidance for fiscal 2027 (excluding Marc Jacobs), now expecting approximately $2.71 billion in net sales, GAAP net income of $181–185 million ($4.10–4.20 per diluted share) and non-GAAP net income of $97–101 million ($2.20–2.30 per diluted share), while also providing lower third quarter sales and earnings guidance year over year due primarily to the loss of Calvin Klein and Tommy Hilfiger licensed sales and outlining related non-GAAP reconciliations, balance sheet metrics, and assumptions about tariffs and tax rates.

Filing Facts

CIK

821002

Ticker

-

Form

8K

Source Type

sec

Accession

0000950142-26-002481

Alert Tier

7