--- 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" generated_at: "2026-06-05T11:35:20.209125+00:00" event_type: "earnings" sentiment: "positive" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # G-III Q1 GAAP EPS $1.50 vs $0.17; raises FY2027 guidance; Marc Jacobs acquisition with WHP Global ## Summary - 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. ## SEC filing metadata - 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 - event_type: earnings - sentiment: positive - materiality_score: 0.85 - calibrated_materiality_score: 0.85 - confidence: high - sec_items: 2.02, 7.01, 9.01 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-26-070742 - JSON: https://secwatch.observer/filing/0001104659-26-070742.json - Plain text: https://secwatch.observer/filing/0001104659-26-070742.txt ## Key facts - Earnings Releases 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. - Period: fiscal year ending January 31, 2027 - Revenue: approximately $2.71 billion - Net income: between $171.0 million and $175.0 million - EPS: between $3.85 and $3.95 - Guidance: raised - Result: guidance update source text: 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_url: https://www.sec.gov/Archives/edgar/data/821002/000110465926070742/0001104659-26-070742-index.htm - Earnings Releases 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. - Period: second quarter ending July 31, 2026 - Revenue: approximately $570.0 million - Net income: between $7.0 million and $11.0 million - EPS: between $0.15 and $0.25 - Guidance: raised - Result: guidance update source text: Net sales for the second quarter of fiscal 2027 are expected to be approximately $570.0 million. evidence_url: https://www.sec.gov/Archives/edgar/data/821002/000110465926070742/0001104659-26-070742-index.htm - Earnings Releases 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. - Period: first quarter ended April 30, 2026 - Net income: Net income for the first quarter ended April 30, 2026 was $66.5 million - EPS: $1.50 per diluted share - Result: reported results source text: 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_url: https://www.sec.gov/Archives/edgar/data/821002/000110465926070742/0001104659-26-070742-index.htm - Earnings Releases 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. - Period: first quarter ended April 30, 2026 - Net income: Net income for the first quarter ended April 30, 2026 was $66.5 million - EPS: $1.50 per diluted share - Result: reported results source text: 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_url: https://www.sec.gov/Archives/edgar/data/821002/000110465926070742/0001104659-26-070742-index.htm - Earnings Releases 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. - Period: first fiscal quarter ended April 30, 2026 - 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 - Result: reported results source text: 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_url: https://www.sec.gov/Archives/edgar/data/821002/000110465926070742/0001104659-26-070742-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.