Quarterly ResultJun 5, 2026, 07:01 AM
G-III Apparel Q1 EPS $1.50 vs $0.17; Raises FY27 Guidance
AI Summary
G-III Apparel Group reported strong first quarter results for fiscal year 2027, with net sales of $536 million, ahead of guidance, and GAAP net income per diluted share of $1.50, a significant increase from $0.17 last year. The company raised its full-year fiscal 2027 guidance for both GAAP and Non-GAAP net income. The acquisition of the Marc Jacobs brand, in partnership with WHP Global, is highlighted as a key strategic move expected to accelerate the company's transformation into a brand-led global powerhouse. Despite a year-over-year decrease in net sales, gross margin expanded significantly, partly due to a tariff refund benefit.
Key Highlights
- G-III Apparel Group Q1 FY27 net sales of $536M, down 8% YoY.
- Q1 FY27 GAAP net income was $66.5M ($1.50/share), compared to $7.8M ($0.17/share) last year.
- Q1 FY27 adjusted gross margin increased 350 bps to 45.7% (excluding tariff benefit).
- Company raises FY27 GAAP and Non-GAAP net income guidance.
- Acquisition of Marc Jacobs brand in partnership with WHP Global is expected to accelerate growth.
- Cash and cash equivalents increased to $394.2M from $257.8M YoY.
- FY27 net sales are projected at $2.71B, reflecting loss of Calvin Klein and Tommy Hilfiger sales.
- FY27 GAAP diluted EPS is projected between $3.85 and $3.95.
Price Impact
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