Overview

* G-III fiscal Q2 net sales fall 5% yr/yr to $613.3 mln, beating estimates

* Adjusted EPS of $0.25 beats analyst expectations, per LSEG data

* Co repurchased $24.6 mln in shares during the quarter

Outlook

* Company expects fiscal 2026 net sales of approximately $3.02 bln

* G-III anticipates fiscal 2026 net income between $112 mln and $122 mln

* Company sees third-quarter net sales around $1.01 bln

Result Drivers

* BRAND MOMENTUM - Strong performance driven by DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin

* TARIFF MITIGATION - Co addresses tariff impacts through vendor participation, sourcing shifts, and price increases

* STRATEGIC EXECUTION - Results highlight ability to leverage corporate platform and execute strategic priorities, per CEO Morris Goldfarb

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $613.30 $571.30

mln mln (4

Analysts

)

Q2 Beat $0.25 $0.09 (4

Adjusted Analysts

EPS )

Q2 Net $10.90

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the apparel & accessories peer group is "hold"

* Wall Street's median 12-month price target for G-III Apparel Group Ltd ( GIII ) is $26.50, about 2.3% below its September 3 closing price of $27.12

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)