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:   2026-06-05T11:30:20+00:00
Accession:  0001104659-26-070742
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

G-III Q1 GAAP EPS $1.50 vs $0.17; raises FY2027 guidance; Marc Jacobs acquisition with WHP Global
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821002/000110465926070742/0001104659-26-070742-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821002/000110465926070742/giii-20260605x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-070742

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer