Sep 2, 7:30 AM ET
G-III reported second-quarter fiscal 2027 net sales down 10% to $554.1 million, while GAAP diluted earnings per share rose to $0.46 from $0.25, helped by a 440 basis point gain in gross margin. The company said it raised its fiscal 2027 net income guidance excluding Marc Jacobs, which it completed on September 1, 2026, and expects the acquisition to be slightly dilutive in fiscal 2027. Shareholders face a lower sales and earnings outlook than fiscal 2026 on the company's own figures, offset in part by margin gains and the addition of a brand the company targets for $1 billion in long-term annual revenue.
- Second-quarter net sales fell 10% to $554.1 million from $613.3 million; gross margin rose to 45.2% from 40.8%.
- Second-quarter GAAP diluted EPS was $0.46 vs. $0.25; non-GAAP diluted EPS was $0.26 vs. $0.25.
- Fiscal 2027 guidance excluding Marc Jacobs: net sales of about $2.71 billion vs. $2.96 billion in fiscal 2026; non-GAAP diluted EPS of $2.20 to $2.30 vs. $2.61.
- Marc Jacobs acquisition closed September 1, 2026; G-III owns 50% of the joint venture that holds the brand's intellectual property with WHP Global.
Read the filing on SEC.gov ↗
Jun 5, 7:30 AM ET
G-III Apparel reported first-quarter fiscal 2027 net sales down 8% to $536.0 million, while GAAP net income rose to $66.5 million, or $1.50 per diluted share, helped by a $102.7 million pre-tax benefit from expected recovery of IEEPA tariffs. The company raised its fiscal 2027 net income guidance, but its non-GAAP net loss of $0.21 per share and its lower-sales outlook show the profit gain depends heavily on the one-time tariff item.
- Net sales fell 8% to $536.0 million from $583.6 million a year earlier.
- GAAP net income was $66.5 million, or $1.50 per diluted share, versus $7.8 million, or $0.17, last year.
- Non-GAAP net loss was $0.21 per share, compared with non-GAAP earnings of $0.19 per share last year.
- Fiscal 2027 GAAP net income is now expected at $171.0 million to $175.0 million; second-quarter net income is expected at $7.0 million to $11.0 million.
Read the filing on SEC.gov ↗
May 14, 5:28 PM ET
G-III Apparel Group signed agreements on May 14, 2026 to buy the global Marc Jacobs operating business, while WHP Global takes over licensing operations through a jointly owned intellectual property venture. G-III said it will fund its approximately $500 million investment with cash on hand and revolving credit borrowings, and that the deal is expected to be dilutive for the first 12 months after closing, with accretion expected thereafter.
- G-III's investment is approximately $500 million, funded with cash on hand and revolving credit facility borrowings.
- The deal is expected to be dilutive during the first 12 months after closing, with accretion expected thereafter.
- Closing is subject to conditions including regulatory approval and is expected in G-III's fiscal third quarter of 2027.
- Either party may terminate if closing has not occurred by the six-month anniversary of signing, subject to a possible 60-day extension for antitrust approvals.
Read the filing on SEC.gov ↗
May 4, 4:05 PM ET
G-III Apparel's Compensation Committee awarded performance share units to five named executive officers, led by Chairman and CEO Morris Goldfarb with 115,163 PSUs. The awards vest based on three-year cumulative Adjusted EBIT and average ROIC for fiscal 2027 through fiscal 2029, so the final share count could be higher or lower than the number awarded.
- Morris Goldfarb 115,163 PSUs; Sammy Aaron 86,372; Jeffrey Goldfarb 33,589; Dana Perlman 15,994; Neal S. Nackman 7,997
- Adjusted EBIT metric covers 75% of each award; ROIC metric, reduced by a hypothetical 28.5% tax rate, covers 25%
- Vesting for each metric can range from 50% to 150% of awarded PSUs, with no vesting below the minimum threshold
- Performance period is fiscal 2027 through fiscal 2029; settlement on or within 90 days after April 15, 2029, subject to continued service
Read the filing on SEC.gov ↗
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