The call presented a mix of positive developments with strong brand growth and strategic supply chain diversification, but also highlighted challenges such as significant tariff impacts and the postponement of a brand launch. The guidance for the second quarter indicates revenue decline due to various disruptions.

Company Guidance

During the G-III Apparel Group's First Quarter Fiscal 2026 earnings call, the company reported strong financial performance with non-GAAP earnings per diluted share of $0.19, exceeding the previous year's $0.12 and surpassing the high end of their guidance. Net sales for the quarter were $584 million, closely aligning with expectations, while their gross margin percentage was slightly down at 42.2% compared to 42.5% last year. The company ended the quarter with a robust financial position, holding approximately $740 million in cash and availability. G-III Apparel Group highlighted a potential unmitigated tariff impact of $135 million for fiscal 2026 but is actively working to mitigate this through sourcing diversification, vendor negotiations, and selective retail price increases. The company is also strategically focusing on enhancing the growth of its owned brands, such as DKNY, Karl Lagerfeld, and Donna Karan, which saw double-digit growth, and is planning for a low single-digit sales increase in the third quarter and a mid-single-digit increase in the fourth quarter.

Earnings Outperformance

The company delivered solid first quarter results with earnings outperformance exceeding the high end of their guidance. Non-GAAP earnings per diluted share was $0.19 compared to $0.12 last year.

Strong Brand Performance

Key owned brands, DKNY, Karl Lagerfeld, and Donna Karan, showed double-digit growth, offsetting the loss from the exited Calvin Klein jeans and sportswear license business.

Diversified Supply Chain

The company has reduced its production in China to less than 20% by year-end, down from nearly 90% several years ago, due to a well-diversified supply chain spanning over 40 countries.

Donna Karan Brand Growth

Donna Karan sales grew nearly 50% compared to last year, with significant growth in dresses and suit separates. AURs remain strong across the portfolio.

Cash and Liquidity Position

The company ended the quarter with cash and availability of approximately $740 million, maintaining a strong financial position.

G-III Apparel Group (GIII) Earnings, Revenues Date & History

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GIII Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 04, 2025	2026 (Q2)	0.09 / -	0.52	―	―	―
Jun 06, 2025	2026 (Q1)	0.13 / 0.19	0.12	58.33% (+0.07)	―
Mar 13, 2025	2025 (Q4)	0.97 / 1.27	0.76	67.11% (+0.51)	―
Dec 10, 2024	2025 (Q3)	2.28 / 2.59	2.78	-6.83% (-0.19)	―
Sep 05, 2024	2025 (Q2)	0.27 / 0.52	0.4	30.00% (+0.12)	―
Jun 06, 2024	2025 (Q1)	-0.03 / 0.12	0.13	-7.69% (-0.01)	―
Mar 14, 2024	2024 (Q4)	0.68 / 0.76	0.41	85.37% (+0.35)	―
Dec 05, 2023	2024 (Q3)	2.18 / 2.78	1.26	120.63% (+1.52)	―
Sep 07, 2023	2024 (Q2)	0.01 / 0.40	0.74	-45.95% (-0.34)	―
Jun 06, 2023	2024 (Q1)	-0.10 / 0.13	0.62	-79.03% (-0.49)	―

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 06, 2025	$27.67	$22.51	-18.65%
Mar 13, 2025	$25.34	$26.10	+3.00%
Dec 10, 2024	$31.58	$34.87	+10.42%
Sep 05, 2024	$25.04	$30.55	+22.00%

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.