G-III Apparel Group (NASDAQ:GIII) Announces Earnings Results

Posted by Geri Gentry on Sep 3rd, 2026

G-III Apparel Group (NASDAQ:GIII – Get Free Report) announced its quarterly earnings results on Wednesday. The textile maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03, Briefing.com reports. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. The business had revenue of $554.09 million during the quarter, compared to analyst estimates of $570.37 million. During the same quarter in the previous year, the business posted $0.25 EPS. G-III Apparel Group’s quarterly revenue was down 9.7% on a year-over-year basis. G-III Apparel Group updated its Q3 2027 guidance to 1.350-1.450 EPS and its FY 2027 guidance to 2.200-2.300 EPS.

Here are the key takeaways from G-III Apparel Group’s conference call:

Second-quarter earnings exceeded guidance: Non-GAAP EPS was $0.26 versus guidance of $0.15–$0.25, supported by disciplined expenses and a 440-basis-point gross-margin expansion to 45.2%.
Go-forward brands continued to grow: Excluding the exiting Calvin Klein and Tommy Hilfiger licenses, the portfolio grew at a high-single-digit rate, with full-price wholesale sales up more than 20%; Donna Karan sales rose over 45%.
Marc Jacobs acquisition closed and expands G-III’s long-term opportunity: The company expects approximately $360 million of Marc Jacobs operating sales this year and sees a path toward $1 billion in annual revenue through ready-to-wear, licensing, broader distribution, and international growth.
Near-term sales remain pressured by license exits and Europe: Second-quarter sales declined 10% to approximately $555 million, while European softness and the continued wind-down of Calvin Klein and Tommy Hilfiger will drive a larger year-over-year sales decline in the third quarter.
Full-year EPS guidance was raised: Fiscal 2027 non-GAAP EPS guidance increased to $2.20–$2.30, although the outlook excludes Marc Jacobs and management expects the acquisition to be slightly dilutive for the remainder of fiscal 2027 before becoming accretive thereafter.

G-III Apparel Group Trading Down 11.5%

GIII opened at $28.47 on Thursday. G-III Apparel Group has a 12 month low of $24.61 and a 12 month high of $37.54. The company has a market cap of $1.20 billion, a PE ratio of 10.06 and a beta of 1.27. The company has a 50 day moving average of $34.38 and a 200 day moving average of $31.88.

G-III Apparel Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.40 annualized dividend and a yield of 1.4%. G-III Apparel Group’s dividend payout ratio (DPR) is 14.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $38.00 target price (up from $29.00) on shares of G-III Apparel Group in a report on Monday, June 8th. KeyCorp reissued an “overweight” rating and issued a $40.00 price objective (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Zacks Research lowered G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Wall Street Zen lowered G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings upgraded G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, G-III Apparel Group has an average rating of “Hold” and a consensus target price of $33.00.

Get Our Latest Research Report on G-III Apparel Group

Hedge Funds Weigh In On G-III Apparel Group

Large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of G-III Apparel Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,228 shares of the textile maker’s stock valued at $635,000 after purchasing an additional 1,018 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in G-III Apparel Group by 8.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 80,197 shares of the textile maker’s stock worth $2,193,000 after purchasing an additional 6,062 shares during the period. Intech Investment Management LLC grew its holdings in G-III Apparel Group by 14.1% during the 1st quarter. Intech Investment Management LLC now owns 46,076 shares of the textile maker’s stock valued at $1,260,000 after buying an additional 5,685 shares in the last quarter. Strs Ohio purchased a new position in G-III Apparel Group during the 1st quarter valued at about $77,000. Finally, First Trust Advisors LP increased its position in shares of G-III Apparel Group by 15.7% during the second quarter. First Trust Advisors LP now owns 154,445 shares of the textile maker’s stock valued at $3,460,000 after buying an additional 20,984 shares during the period. 92.13% of the stock is owned by institutional investors.

Trending Headlines about G-III Apparel Group

Here are the key news stories impacting G-III Apparel Group this week:

Positive Sentiment: G-III reported second-quarter fiscal 2027 GAAP EPS of $0.46, up from $0.25 a year earlier and above the approximately $0.23 analyst consensus. Non-GAAP EPS was $0.26, also slightly ahead of estimates. G-III fiscal 2027 second-quarter results
Positive Sentiment: Gross margin expanded 440 basis points to 45.2%, helped by pricing actions and a greater mix of higher-margin owned brands. Management said its go-forward portfolio grew at a high-single-digit rate.
Positive Sentiment: G-III and WHP Global completed the acquisition of Marc Jacobs from LVMH. The company views the brand as a major long-term growth opportunity and is targeting approximately $1 billion in annual revenue from the business. Marc Jacobs acquisition completion
Neutral Sentiment: Fiscal 2027 non-GAAP EPS guidance was set at $2.20–$2.30, broadly in line with the $2.23 consensus. However, the outlook excludes Marc Jacobs, which management expects to be slightly dilutive during fiscal 2027 before becoming accretive later.
Positive Sentiment: G-III ended the quarter with $529.2 million in cash, up from $301.8 million, while inventory declined 13% year over year. The company also returned $12.2 million through share repurchases and dividends.
Negative Sentiment: Second-quarter sales fell 10% year over year to $554.1 million, missing the $570.4 million consensus. Fiscal 2027 sales are expected to be approximately $2.71 billion, down from $2.96 billion, partly reflecting the loss of about $460 million in Calvin Klein and Tommy Hilfiger product sales.
Negative Sentiment: Third-quarter EPS guidance of $1.35–$1.45 is well below the $1.73 consensus, while projected revenue of roughly $870 million trails the $897.8 million estimate. The company also expects third-quarter sales and earnings to decline from the prior year, making the near-term outlook the primary pressure on GIII.

G-III Apparel Group Company Profile

(Get Free Report)

G-III Apparel Group, Ltd. is a global fashion company engaged in the design, sourcing, marketing and distribution of women’s and men’s apparel, outerwear, footwear, handbags and fashion accessories. Founded in 1956 and headquartered in New York City, the company has grown from an importer of ladies’ apparel into a diversified apparel business with a portfolio of owned and licensed brands.

The company’s product offerings span a broad spectrum of price points and styles, including formal and casual outerwear, sportswear, performance wear and contemporary fashion.