G-III Q1 FY27 net income more than doubled to $66.5 million; net sales fall 8% to $536 million
G-III Apparel Group, Ltd.
G-III Apparel Group, Ltd. GIII | 0.00 |
- G-III Apparel swings to net income of USD 66.5 million, or USD 1.5 a share, in first-quarter fiscal 2027.
- Net sales fall 8% to USD 536 million; gross margin widens 22.7 percentage points to 64.9%.
- Results include a USD 102.7 million pre-tax IEEPA tariff refund benefit; excluding it, gross margin rises 3.5 percentage points to 45.7%.
- Raises fiscal 2027 outlook for net income to USD 171 million-USD 175 million, with net sales seen at about USD 2.71 billion.
- Morris Goldfarb says the pending Marc Jacobs deal with WHP Global should accelerate the shift to a brand-led global model; guidance excludes the transaction.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. G-III Apparel Group Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606050700PRIMZONEFULLFEED9732294) on June 05, 2026, and is solely responsible for the information contained therein.
