Profit Boosts G-III Outlook

G-III Apparel Group Reports Strong Q1 Profit, Raises Fiscal 2027 Outlook Despite Expected Sales Decline

G-III Apparel Group reported first-quarter fiscal 2027 results for the period ended April 30, 2026, with net sales falling year over year to about $536 million but net income surging to about $66.5 million, translating to roughly $1.50 per diluted share. The company attributed the improved profitability to sharply higher gross margin, including a sizable tariff-recovery benefit, and it pointed to stronger full-price selling, improved margins, and lower inventories. G-III raised its full-year fiscal 2027 earnings guidance, projecting net sales of about $2.71 billion and net income between roughly $171 million and $175 million, despite expecting sales to decline year over year due to the loss of around $470 million in Calvin Klein and Tommy Hilfiger product revenues. For the second quarter ending July 31, 2026, it guided net sales near $570 million and diluted earnings per share in a range of about $0.15 to $0.25. In addition, the company reiterated that its pending joint-venture acquisition of the Marc Jacobs operating business is not yet reflected in its outlook, as it continues a strategic shift toward brand-led growth. TipRanks characterizes the stock as Neutral, citing financial flexibility and cash generation alongside concerns about weaker prior profitability and guidance that implies lower sales and near-term softness.

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