| Metric | Value ($ M) | Q1 FY26 |
|---|---|---|
| Revenue | 535.96 | 8.2% |
| Total Income | 535.96 | 8.2% |
| Expenditure | 450.73 | 21.6% |
| PBT | 85.61 | 645.7% |
| Net Profit | 66.53 | 757.4% |
| OPM | 15.90% | 14.45pp |
| NPM | 12.41% | 11.09pp |
| EPS | 1.58 | 777.8% |
G-III Apparel Group Reports Q1 FY27 Results and Raises Guidance
05 Jun 2026 · 5 Jun, 5:06 pm
Summary
G-III Apparel Group reported first quarter fiscal 2027 results, with net sales of $536 million, ahead of guidance. Net income per diluted share was $1.50, a substantial improvement from $0.17 in the prior year, though non-GAAP net loss per share was ($0.21). The company has raised its earnings guidance for fiscal year 2027, driven by strong first quarter performance and a significant expansion in gross margin to 64.9%, which included a benefit from tariff recovery. Management highlighted the execution in a dynamic environment and the strategic importance of the pending Marc Jacobs acquisition to accelerate the company's transformation.
Key Highlights
- 1
G-III Apparel Group reported first quarter fiscal 2027 net sales of $536 million, exceeding guidance.
- 2
Net income per diluted share for the first quarter was $1.50, a significant increase from $0.17 in the prior year.
- 3
Non-GAAP net loss per share was ($0.21) for the first quarter, also ahead of guidance.
- 4
The company has raised its GAAP and Non-GAAP net income guidance for the full fiscal year 2027.
- 5
Gross margin increased substantially to 64.9% in the first quarter, benefiting from a tariff refund.
- 6
Excluding the tariff benefit, adjusted gross margin increased 350 basis points to 45.7% compared to the prior year.
- 7
The acquisition of the Marc Jacobs brand is expected to accelerate G-III's growth transformation.
Management Comments
Morris Goldfarb
I am very pleased with our first quarter results, which demonstrate the G-III team’s ability to execute in a dynamic environment. The quarter was better than expected with both our net sales and earnings coming in ahead of guidance. Our go-forward portfolio saw continued momentum and healthy full-price selling, which contributed to meaningful gross margin expansion versus the prior year. Based on our strong first quarter results, we are raising our earnings guidance for fiscal 2027. Our recently announced acquisition of the iconic Marc Jacobs brand in partnership with WHP Global marks an exciting new chapter for G-III and will significantly accelerate our transformation into a brand-led global powerhouse. Marc Jacobs is one of the most influential brands in fashion, and we see tremendous opportunity to build on its strong foundation and drive long-term growth across categories, channels, and geographies. With an increasingly powerful portfolio of owned and licensed brands, disciplined execution, and a talented global team, we believe G-III is exceptionally well-positioned to drive sustainable long-term growth and significant shareholder value.
Informational and educational content only. Not investment advice.