{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-070742","form_type":"8-K","ticker":"GIII","cik":"0000821002","company_name":"G III APPAREL GROUP LTD /DE/","filed_at":"2026-06-05T11:30:20+00:00","discovered_at":"2026-06-05T11:35:00.314755+00:00","generated_at":"2026-06-05T11:35:20.209125+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"G-III Q1 GAAP EPS $1.50 vs $0.17; raises FY2027 guidance; Marc Jacobs acquisition with WHP Global","bullets":["Net sales $536M (-8% YoY); GAAP net income $66.5M ($1.50 diluted EPS) vs $7.8M ($0.17).","Includes $102.7M pre-tax tariff recovery benefit; adjusted gross margin up 350 bps to 45.7%.","Non-GAAP diluted EPS ($0.21) vs $0.19 last year; ahead of guidance.","Raises FY2027 guidance: GAAP EPS $3.85-$3.95, non-GAAP EPS $2.15-$2.25, adj. EBITDA $178M-$182M.","Announces Marc Jacobs acquisition via JV with WHP Global to accelerate brand transformation."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-070742","json":"https://secwatch.observer/filing/0001104659-26-070742.json","markdown":"https://secwatch.observer/filing/0001104659-26-070742.md","text":"https://secwatch.observer/filing/0001104659-26-070742.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/821002/000110465926070742/0001104659-26-070742-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/821002/000110465926070742/giii-20260605x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T11:35:20.209125+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1ae460b1e1684be8e2505cce01c5b1e080c23717","claim":"G III APPAREL GROUP LTD /DE/ reported fiscal year ending January 31, 2027 results: revenue approximately $2.71 billion, net income between $171.0 million and $175.0 million, EPS between $3.85 and $3.95. Guidance raised.","evidence_excerpt":"outlook does not include any impact related to its pending transaction to acquire Marc Jacobs. ​ Fiscal 2027 ​ Net sales for fiscal 2027 are expected to be approximately $2.71 billion, which incorporates the loss of approximately $470 million of sales from Calvin Klein and Tommy Hilfiger products. This compares to net sales of $2.96 billion for fiscal 2026. ​","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/821002/000110465926070742/0001104659-26-070742-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ending January 31, 2027"},{"label":"Revenue","value":"approximately $2.71 billion"},{"label":"Net income","value":"between $171.0 million and $175.0 million"},{"label":"EPS","value":"between $3.85 and $3.95"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"55f21aae7ba9de346b087eb8baa3c69c67b80ebf","claim":"G III APPAREL GROUP LTD /DE/ reported second quarter ending July 31, 2026 results: revenue approximately $570.0 million, net income between $7.0 million and $11.0 million, EPS between $0.15 and $0.25. Guidance raised.","evidence_excerpt":"Net sales for the second quarter of fiscal 2027 are expected to be approximately $570.0 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/821002/000110465926070742/0001104659-26-070742-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ending July 31, 2026"},{"label":"Revenue","value":"approximately $570.0 million"},{"label":"Net income","value":"between $7.0 million and $11.0 million"},{"label":"EPS","value":"between $0.15 and $0.25"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"90e0d1a4b970ac35dffce84fdea15d149508dfcb","claim":"G III APPAREL GROUP LTD /DE/ reported first quarter ended April 30, 2026 results: net income Net income for the first quarter ended April 30, 2026 was $66.5 million, EPS $1.50 per diluted share.","evidence_excerpt":"Net sales for the first quarter ended April 30, 2026 decreased 8% to $536.0 million compared to $583.6 million in the prior year’s quarter.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/821002/000110465926070742/0001104659-26-070742-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended April 30, 2026"},{"label":"Net income","value":"Net income for the first quarter ended April 30, 2026 was $66.5 million"},{"label":"EPS","value":"$1.50 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"90e0d1a4b970ac35dffce84fdea15d149508dfcb","claim":"G III APPAREL GROUP LTD /DE/ reported first quarter ended April 30, 2026 results: net income Net income for the first quarter ended April 30, 2026 was $66.5 million, EPS $1.50 per diluted share.","evidence_excerpt":"Net income for the first quarter ended April 30, 2026 was $66.5 million, or $1.50 per diluted share, compared to $7.8 million, or $0.17 per diluted share, in the same period last year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/821002/000110465926070742/0001104659-26-070742-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended April 30, 2026"},{"label":"Net income","value":"Net income for the first quarter ended April 30, 2026 was $66.5 million"},{"label":"EPS","value":"$1.50 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c0567a8bbb4017017f9c462539635ade5e5d096c","claim":"G III APPAREL GROUP LTD /DE/ reported first fiscal quarter ended April 30, 2026 results: revenue Net sales of $536 million, net income Net income of $66.5 million, or $1.50 per diluted share, EPS $1.50 per diluted share.","evidence_excerpt":"L.L.P. Document Exhibit 99.1 ​ G-III APPAREL GROUP, LTD. ​ G-III APPAREL GROUP, LTD. REPORTS FIRST QUARTER FISCAL 2027 RESULTS AND RAISES EARNINGS GUIDANCE ​ ● Net Sales of $536 Million, Ahead of Guidance ● Net Income Per Diluted Share of $1.50 Compared to $0.17 Last Year ● Non-GAAP Net Loss Per Share of ($0.21), Ahead of Guidance ● Raises GAAP and Non-GAAP Net","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/821002/000110465926070742/0001104659-26-070742-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first fiscal quarter ended April 30, 2026"},{"label":"Revenue","value":"Net sales of $536 million"},{"label":"Net income","value":"Net income of $66.5 million, or $1.50 per diluted share"},{"label":"EPS","value":"$1.50 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}