10:43 AM EDT, 06/05/2026 (MT Newswires) -- G-III Apparel ( GIII ) raised its full-year earnings outlook on Friday even as the apparel maker swung to a fiscal first-quarter loss year over year.

The company, which owns fashion brands including DKNY and has licenses for Tommy Hilfiger, now anticipates adjusted earnings to come in between $2.15 and $2.25 per share for fiscal 2027. It previously projected adjusted EPS to be in a range of $2 to $2.10, while four analysts polled by FactSet currently expect $2.09.

"Based on our strong first quarter results, we are raising our earnings guidance for fiscal 2027," Chief Executive Morris Goldfarb said in a statement.

G-III Apparel ( GIII ) continues to forecast sales to come in at $2.71 billion for the fiscal year, including the loss of about $470 million in sales from Calvin Klein and Tommy Hilfiger products.

The updated guidance assumes that tariffs for the rest of the year will approximate the rates that existed under the International Emergency Economic Powers Act. In February, the US Supreme Court invalidated President Donald Trump's reciprocal tariffs enacted under the IEEPA.

Shares of G-III Apparel ( GIII ) gained 7.9% in Friday trade. The stock is up about 19% so far this year.

For the quarter ended April, the company recorded an adjusted loss of $0.21 a share, compared with earnings of $0.19 the year before. Net income came in at $1.50 per share on a GAAP basis versus $0.17 last year. Sales declined 8% year over year to $536 million.

"The quarter was better than expected with both our net sales and earnings coming in ahead of guidance," according to Goldfarb. "Our go-forward portfolio saw continued momentum and healthy full-price selling, which contributed to meaningful gross margin expansion versus the prior year."

For the current three-month period, the company projects adjusted EPS of $0.15 to $0.25 and sales of roughly $570 million. Four analysts polled by FactSet are estimating non-GAAP EPS of $0.14 and sales of $557.1 million.

Last month, G-III Apparel ( GIII ) agreed a deal with WHP Global to jointly own Marc Jacobs brand's intellectual property through a joint venture.

"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," Goldfarb said Friday. "We see tremendous opportunity to build on its strong foundation and drive long-term growth across categories, channels, and geographies."

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