GIII G-III Apparel Group, LTD.
Price Chart
Executive Summary
G-III reported Q1 FY2027 GAAP EPS of $1.50, massively beating consensus of -$0.30, but this includes a $1.75/share one-time tariff refund benefit. Non-GAAP EPS was -$0.21, ahead of guidance but still negative. Net sales fell 8% YoY to $536M, and the company raised FY2027 GAAP EPS guidance to $3.85-$3.95 while lowering non-GAAP EPS guidance to $2.15-$2.25 from $2.61. The Marc Jacobs acquisition was announced as a transformative catalyst.
Key Financial Metrics
Actionable Insight
The headline GAAP beat is entirely driven by a one-time tariff refund — strip that out and the underlying business shows revenue declining 8% with negative non-GAAP EPS. The Marc Jacobs acquisition is a positive long-term catalyst but adds execution risk and near-term costs. Watch for Q2 guidance ($0.15-$0.25 EPS vs $0.25 last year) and the pace of Calvin Klein/Tommy Hilfiger sales transition.
Key Facts
- Q1 GAAP EPS $1.50 vs consensus -$0.30 (200% beat), but includes $1.75/share IEEPA tariff refund benefit
- Non-GAAP EPS -$0.21 vs $0.19 last year, ahead of guidance but still a net loss
- Net sales $536M, down 8% YoY from $583.6M, reflecting loss of Calvin Klein/Tommy Hilfiger sales
- GAAP gross margin surged to 64.9% from 42.2% due to $102.7M tariff refund; adjusted gross margin improved 350bps to 45.7%
- Raised FY2027 GAAP EPS guidance to $3.85-$3.95 from $1.51 prior year, but non-GAAP EPS guidance lowered to $2.15-$2.25 from $2.61
- Announced acquisition of Marc Jacobs brand in partnership with WHP Global
- Cash and equivalents $394.2M, up 53% YoY; inventories down 8% to $417.9M
Financial Impact
Q1 GAAP EPS $1.50 vs consensus -$0.30; non-GAAP EPS -$0.21 vs $0.19 prior year; revenue $536M vs consensus $529.9M; FY2027 GAAP EPS guidance raised to $3.85-$3.95
Risk Factors
- Core revenue declining 8% YoY with $470M of Calvin Klein/Tommy Hilfiger sales phasing out
- Non-GAAP EPS turned negative (-$0.21) vs positive $0.19 last year
- Marc Jacobs acquisition adds integration risk and $3.4M in transaction costs already incurred
- FY2027 non-GAAP EPS guidance lowered to $2.15-$2.25 from $2.61, indicating margin pressure
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3307299 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 5, 2026
9d ago
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8-K
| $32.05 awaiting T+5 | awaiting T+5 | — | $35.28 (+10.10%) |
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Jun 5, 2026
9d ago
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Press Release
| $32.05 awaiting T+5 | awaiting T+5 | — | $35.28 (+10.10%) |
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May 14, 2026
4w ago
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Press Release
| $28.73 $30.82 | ▲ +7.27% | ▲ +6.31% | $35.28 (+22.80%) |
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Mar 13, 2026
13w ago
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8-K
| $26.28 $26.54 | ▲ +0.99% | ▲ +3.10% | $35.28 (+34.24%) |
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Mar 13, 2026
13w ago
|
Press Release
| $26.28 $26.54 | ▲ +0.99% | ▲ +3.10% | $35.28 (+34.24%) |
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Mar 12, 2026
13w ago
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8-K
| $26.09 $26.95 | ▲ +3.28% | ▲ +4.26% | $35.28 (+35.22%) |
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Mar 12, 2026
13w ago
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Press Release
| $26.09 $26.95 | ▼ −3.28% | ▼ −4.26% | $35.28 (−35.22%) |
US Market Status
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