secwatch.observer — SEC 8-K summary
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Issuer:     G III APPAREL GROUP LTD /DE/ (GIII)
CIK:        0000821002
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001104659-26-026716
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

G-III Apparel reports FY 2026 EPS $1.51; non-GAAP $2.61; guides FY 2027 net income $88-92M
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- Net sales $2.96B, down 7% YoY; lost $254M from PVH brands; owned brands up mid-single digits.
- GAAP net income $67.4M ($1.51/diluted); non-GAAP net income $116.2M ($2.61/diluted).
- Includes $46.1M impairment charges and $17.5M bad debt from Saks Global bankruptcy.
- FY 2027 outlook: net sales ~$2.71B (lost $470M Calvin Klein/Tommy Hilfiger); net income $88-92M ($2.00-2.10/sh).
- Cash $406.7M; returned $54M to shareholders ($49.8M buybacks, $4.2M dividends); $25M cost savings initiated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821002/000110465926026716/0001104659-26-026716-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821002/000110465926026716/giii-20260312x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-026716

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