G-III Apparel Group (GIII)
NASDAQ:GIII
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Earnings Data
Report Date
Sep 03, 2026Before Open (Confirmed)
Period Ending
2027 (Q2)Consensus EPS Forecast
0.19Last Year’s EPS
0.25Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed substantial positive operational momentum: meaningful margin expansion (adjusted +350 bps), stronger DTC and owned-brand performance (Donna Karan ~+40%, DTC near +40%), improved cash and liquidity, and an upgraded profitability outlook (non-GAAP EPS and EBITDA raised). Offsetting these positives are persistent top-line pressure (Q1 sales down 8% and FY sales guidance down ~8%) driven by the planned loss of large license revenues, a Q1 non-GAAP net loss, higher SG&A as investments scale, regional softness in Europe, and the near-term dilutive nature and funding needs of the Marc Jacobs acquisition. On balance, the positives (margin recovery, brand/DTC momentum, liquidity, and raised profit guidance) outweigh the lowlights, though key risks remain around revenue recovery and integration of the acquisition.Company Guidance
Adjusted Gross Margin Expansion
Adjusted (non-GAAP) gross margin of 45.7% in Q1, up 350 basis points YoY versus 42.2%; GAAP gross margin was 64.9% (inflated by tariff recovery). Company recorded a $140M IEEPA tariff receivable and reduced COGS by ~ $120M (of which $103M related to prior-year tariffs).
Top-Line Ahead of Guidance Despite Year-over-Year Decline
Q1 net sales of $536 million came in ahead of guidance (~$530M) though down 8% YoY from $584M. Management reiterated full-year net sales guidance of approximately $2.71 billion (also down ~8% YoY).
Raised Full-Year Profitability Outlook
Company increased fiscal 2027 non-GAAP net income guidance to $95M–$99M (non-GAAP EPS $2.15–$2.25, up from $2.00–$2.10) and raised adjusted EBITDA guidance to $178M–$182M (from $158M–$162M).
Strong Cash Position and Liquidity
Ended Q1 with $394M in cash (up from $258M a year ago) and over $800M in available liquidity; inventories down 8% YoY, which supports working capital health and margin improvement.
Meaningful Direct-to-Consumer and Owned-Brand Momentum
DTC sales across the portfolio increased close to 40% YoY. Donna Karan sales grew ~40% in Q1; donnakaran.com up nearly 60%; DKNY.com up over 40% and North American DTC stores delivered double-digit comps. Handbags and accessories were standouts.
Retail Business Growth
Retail segment net sales increased to $41M in Q1 from $36M a year ago; comparable store sales improved for Karl Lagerfeld Paris, Donna Karan and DKNY.
Strategic Marc Jacobs Acquisition
Announced acquisition structure (~$500M investment) to own 100% of the operating company and a 50/50 JV with WHP Global for the Marc Jacobs IP. Management expects the deal to be dilutive in year one but accretive thereafter and sees multi-year potential to reach ~$1B in annual revenues for G-III from the brand.
Inventory and Tariff Benefits to Favorably Impact Margins
Recorded an approximate $20M reduction in carrying value of inventory related to previously capitalized tariffs; company expects the inventory/tariff benefits to favorably impact COGS and gross margin over the balance of fiscal 2027.
GIII Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GIII Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 05, 2026 | $32.04 | $33.71 | +5.21% |
Mar 12, 2026 | $29.46 | $26.09 | -11.43% |
Dec 09, 2025 | $29.46 | $30.61 | +3.88% |
Sep 04, 2025 | $26.93 | $27.44 | +1.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does G-III Apparel Group (GIII) report earnings?
G-III Apparel Group (GIII) is schdueled to report earning on Sep 03, 2026, Before Open (Confirmed).
What is G-III Apparel Group (GIII) earnings time?
G-III Apparel Group (GIII) earnings time is at Sep 03, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GIII EPS forecast?
GIII EPS forecast for the fiscal quarter 2027 (Q2) is 0.19.
