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:   2025-09-04T23:59:59+00:00
Accession:  0001558370-25-011862
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

G-III Q2 net sales $613.3M, EPS $0.25 beat guidance; FY2026 outlook cut on tariff impact
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- Q2 net sales $613.3M (down 5% YoY); net income $10.9M ($0.25 diluted) vs $24.2M ($0.53) last year.
- FY2026 guidance: net sales ~$3.02B, EPS $2.53-$2.73, down from $4.20 in FY2025; cites $155M tariff cost.
- Q3 FY2026: net sales ~$1.01B, EPS $1.43-$1.63, down from $2.55 in prior year Q3.
- Total debt reduced 96% to $15.5M; share repurchases of $24.6M (1.14M shares) in Q2.
- Tariff impact partially offset, unmitigated $75M, weighted to H2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821002/000155837025011862/0001558370-25-011862-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821002/000155837025011862/giii-20250904x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-011862

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