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G-III Apparel beats Q1 sales and earnings estimates, raises 2027 guidance, and plans Marc Jacobs acquisition.

Company Fundamentals
05 Jun 2026
GlobeNewsWire
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Bullish
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G-III Apparel Group reported Q1 fiscal 2027 net sales of $536 million, slightly down 8% year-over-year but ahead of guidance, with net income soaring to $66.5 million or $1.50 per diluted share, boosted by tariff recoveries. The company raised its full-year 2027 earnings guidance, expecting net income between $171 million and $175 million despite a sales decline due to losing Calvin Klein and Tommy Hilfiger licenses. G-III also announced its acquisition of the Marc Jacobs brand, aiming to accelerate growth and transform into a global brand powerhouse. This strategic move and strong execution position G-III for sustainable long-term growth and increased shareholder value.

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