Strong Profitability Despite Tariffs
G-III Apparel Group delivered strong profitability in Q3, exceeding the high end of guidance despite the impacts of tariffs. Earnings per share were $1.90, $0.37 above the midpoint of the guidance range.
Significant Growth in Owned Brands
Donna Karan outperformed expectations with a 40% growth forecast for fiscal 2026. Karl Lagerfeld also showed strong growth, with women's business outperforming and global men's business growing by nearly 20%.
Digital and Direct-to-Consumer Success
Digital traffic lifted over 20% across owned dot-com sites, driving substantial growth in conversion rates and overall sales. Donna Karan's website traffic was up approximately 150% with average order values increasing over 10%.
Introduction of Dividend Program
G-III Apparel Group declared an initial quarterly cash dividend of $0.10 per share, marking the introduction of its first-ever dividend program.
Strong Cash Position and Inventory Management
The company ended the quarter with a net cash position of $174 million, after repurchasing approximately $50 million in stock year-to-date. Inventory levels remain disciplined, with units down year-over-year.