G-III Apparel Q1 Non-GAAP EPS Beats Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: seekingalpha
- Earnings Highlights: G-III Apparel reported a Q1 Non-GAAP EPS of -$0.20, beating expectations by $0.10, while revenue of $536 million, down 8.2% year-over-year, still surpassed estimates by $6.07 million, indicating resilience amid challenges.
- Sales Outlook: The company expects net sales for fiscal 2027 to be approximately $2.71 billion, aligning with consensus, despite incorporating a loss of about $470 million from Calvin Klein and Tommy Hilfiger products, suggesting strategic adjustments to product offerings.
- Net Income Forecast: Projected net income is between $171 million and $175 million, translating to diluted EPS of $3.85 to $3.95, a significant improvement from fiscal 2026's $67.4 million or $1.51 per share, reflecting enhanced profitability.
- Adjusted EBITDA Expectations: Adjusted EBITDA is anticipated to range from $178 million to $182 million, down from $192.4 million in fiscal 2026, highlighting ongoing efforts in cost control and operational efficiency.
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Analyst Views on GIII
Wall Street analysts forecast GIII stock price to rise
4 Analyst Rating
2 Buy
2 Hold
0 Sell
Moderate Buy
Current: 32.290
Low
30.00
Averages
32.75
High
35.00
Current: 32.290
Low
30.00
Averages
32.75
High
35.00
About GIII
G-III Apparel Group, Ltd. is engaged in fashion with expertise in design, sourcing and marketing, owns and licenses a portfolio of over 30 brands. It owns 10 brands, including DKNY, Karl Lagerfeld, Donna Karan and Vilebrequin, and licenses over 20 brands including Calvin Klein, Tommy Hilfiger, Nautica, Halston, Converse, BCBG and National Sports leagues, among others. Its wholesale operations segment includes sales of products to retailers under owned, licensed and private label brands, as well as sales related to the Karl Lagerfeld and Vilebrequin businesses, including from retail stores operated by Vilebrequin and Karl Lagerfeld, other than sales of products under the Karl Lagerfeld Paris brand generated by its retail stores and digital sites. Its retail operations segment consists of direct sales to consumers through its Company-operated stores and product sales through its digital sites for the DKNY, Donna Karan, Karl Lagerfeld Paris, G.H. Bass and Wilsons Leather brands.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
G-III Apparel Set to Announce Q1 Earnings on June 5
- Earnings Announcement: G-III Apparel is set to release its Q1 earnings on June 5, with consensus EPS estimate at -$0.30, reflecting a staggering 257.9% year-over-year decline, indicating significant profitability challenges ahead.
- Revenue Expectations: The anticipated revenue of $529.93 million represents a 9.2% year-over-year decrease, highlighting ongoing sales difficulties that could impact future cash flow and investment capabilities.
- Historical Performance: Over the past two years, G-III has beaten EPS estimates 88% of the time but only 38% for revenue, showcasing volatility in profitability and a cautious market outlook on its performance.
- Estimate Revisions: In the last three months, there have been no upward revisions to EPS estimates and two downward revisions, while revenue estimates saw one upward revision, indicating a lack of confidence in the company's future performance, which may affect investor sentiment.
See More
G-III Apparel Raises 2027 Earnings Outlook Following Strong Q1 Results
- Q1 Performance: G-III Apparel reported a net income of $66.53 million for Q1, translating to $1.50 per share, a significant increase from $7.76 million or $0.17 per share in the same quarter last year, indicating robust profitability and market demand.
- Q2 Guidance: The company expects earnings and adjusted earnings for Q2 to range between $0.15 and $0.25 per share, with net sales projected at approximately $570 million, reflecting confidence in market recovery and potential sales growth.
- Full-Year Earnings Outlook: G-III Apparel raised its earnings forecast for fiscal 2027 to a range of $3.85 to $3.95 per share and adjusted earnings to $2.15 to $2.25 per share, up from the previous range of $2.00 to $2.10, demonstrating an optimistic outlook for future performance.
- Transaction Impact: The updated outlook assumes tariffs will approximate those under the IEEPA regime and excludes any impact from the pending acquisition of Marc Jacobs, indicating a cautious approach to strategic acquisitions.
See More
G-III Apparel Group Exceeds Q1 Expectations with Strong Sales and Earnings
- Strong Sales Performance: G-III reported net sales of $536 million for Q1 FY2027, an 8% decrease from last year but still exceeding guidance, demonstrating the company's ability to execute effectively in a dynamic market environment.
- Significant Net Income Growth: The net income for the first quarter reached $66.5 million, translating to $1.50 per diluted share, a substantial increase from $0.17 per share in the same period last year, reflecting successful gross margin expansion and cost control measures.
- Gross Margin Improvement: Gross margin surged from 42.2% to 64.9%, including a $102.7 million pre-tax benefit from expected tariff recoveries, with adjusted gross margin also increasing by 350 basis points, indicating ongoing enhancements in profitability.
- Optimistic Future Outlook: G-III raised its net income guidance for FY2027 to between $171 million and $175 million, showcasing confidence in future growth, particularly following the acquisition of the Marc Jacobs brand, which is expected to accelerate its brand transformation.
See More
G-III Apparel Q1 Non-GAAP EPS Beats Expectations
- Earnings Highlights: G-III Apparel reported a Q1 Non-GAAP EPS of -$0.20, beating expectations by $0.10, while revenue of $536 million, down 8.2% year-over-year, still surpassed estimates by $6.07 million, indicating resilience amid challenges.
- Sales Outlook: The company expects net sales for fiscal 2027 to be approximately $2.71 billion, aligning with consensus, despite incorporating a loss of about $470 million from Calvin Klein and Tommy Hilfiger products, suggesting strategic adjustments to product offerings.
- Net Income Forecast: Projected net income is between $171 million and $175 million, translating to diluted EPS of $3.85 to $3.95, a significant improvement from fiscal 2026's $67.4 million or $1.51 per share, reflecting enhanced profitability.
- Adjusted EBITDA Expectations: Adjusted EBITDA is anticipated to range from $178 million to $182 million, down from $192.4 million in fiscal 2026, highlighting ongoing efforts in cost control and operational efficiency.
See More
G-III Apparel Group to Release Q1 Fiscal 2027 Earnings on June 5, 2026
- Earnings Release Schedule: G-III Apparel Group is set to announce its Q1 fiscal 2027 earnings before the market opens on June 5, 2026, which is expected to significantly impact investor assessments of the company's financial health.
- Conference Call Details: Management will host a conference call at 8:30 AM ET on the same day to discuss the results and hold a Q&A session, requiring investors to register in advance to obtain dial-in information for smooth participation.
- Webcast Access: In addition to the conference call, investors can access a live audio webcast through the company's website, enhancing information transparency and broadening investor engagement, which is likely to boost trust in the company.
- Company Background: G-III Apparel Group is a global fashion leader with expertise in design, sourcing, and marketing over 30 brands, and future financial performance will be influenced by its brand portfolio and shifts in market demand.
See More
G-III Apparel Declares Quarterly Dividend of $0.10
- Quarterly Dividend Announcement: G-III Apparel has declared a quarterly dividend of $0.10 per share, consistent with previous distributions, indicating the company's ongoing ability to maintain stable cash flow, which is likely to attract more investor interest.
- Dividend Yield: The forward yield of 1.26% reflects the company's appeal in the current market environment, potentially boosting shareholder confidence and stabilizing the stock price.
- Record Date for Shareholders: The dividend will be payable to shareholders of record on June 22, with the ex-dividend date also set for June 22, ensuring that shareholders receive their earnings promptly, thereby strengthening the relationship between the company and its investors.
- Strategic Shift Goals: G-III Apparel has outlined a sales target of $2.71 billion for FY27, indicating a strategic shift towards owned brands and margin expansion, aimed at enhancing long-term growth potential.
See More
G-III Apparel Set to Announce Q1 Earnings on June 5
- Earnings Announcement: G-III Apparel is set to release its Q1 earnings on June 5, with consensus EPS estimate at -$0.30, reflecting a staggering 257.9% year-over-year decline, indicating significant profitability challenges ahead.
- Revenue Expectations: The anticipated revenue of $529.93 million represents a 9.2% year-over-year decrease, highlighting ongoing sales difficulties that could impact future cash flow and investment capabilities.
- Historical Performance: Over the past two years, G-III has beaten EPS estimates 88% of the time but only 38% for revenue, showcasing volatility in profitability and a cautious market outlook on its performance.
- Estimate Revisions: In the last three months, there have been no upward revisions to EPS estimates and two downward revisions, while revenue estimates saw one upward revision, indicating a lack of confidence in the company's future performance, which may affect investor sentiment.
See More
G-III Apparel Raises 2027 Earnings Outlook Following Strong Q1 Results
- Q1 Performance: G-III Apparel reported a net income of $66.53 million for Q1, translating to $1.50 per share, a significant increase from $7.76 million or $0.17 per share in the same quarter last year, indicating robust profitability and market demand.
- Q2 Guidance: The company expects earnings and adjusted earnings for Q2 to range between $0.15 and $0.25 per share, with net sales projected at approximately $570 million, reflecting confidence in market recovery and potential sales growth.
- Full-Year Earnings Outlook: G-III Apparel raised its earnings forecast for fiscal 2027 to a range of $3.85 to $3.95 per share and adjusted earnings to $2.15 to $2.25 per share, up from the previous range of $2.00 to $2.10, demonstrating an optimistic outlook for future performance.
- Transaction Impact: The updated outlook assumes tariffs will approximate those under the IEEPA regime and excludes any impact from the pending acquisition of Marc Jacobs, indicating a cautious approach to strategic acquisitions.
See More
G-III Apparel Group Exceeds Q1 Expectations with Strong Sales and Earnings
- Strong Sales Performance: G-III reported net sales of $536 million for Q1 FY2027, an 8% decrease from last year but still exceeding guidance, demonstrating the company's ability to execute effectively in a dynamic market environment.
- Significant Net Income Growth: The net income for the first quarter reached $66.5 million, translating to $1.50 per diluted share, a substantial increase from $0.17 per share in the same period last year, reflecting successful gross margin expansion and cost control measures.
- Gross Margin Improvement: Gross margin surged from 42.2% to 64.9%, including a $102.7 million pre-tax benefit from expected tariff recoveries, with adjusted gross margin also increasing by 350 basis points, indicating ongoing enhancements in profitability.
- Optimistic Future Outlook: G-III raised its net income guidance for FY2027 to between $171 million and $175 million, showcasing confidence in future growth, particularly following the acquisition of the Marc Jacobs brand, which is expected to accelerate its brand transformation.
See More
G-III Apparel Q1 Non-GAAP EPS Beats Expectations
- Earnings Highlights: G-III Apparel reported a Q1 Non-GAAP EPS of -$0.20, beating expectations by $0.10, while revenue of $536 million, down 8.2% year-over-year, still surpassed estimates by $6.07 million, indicating resilience amid challenges.
- Sales Outlook: The company expects net sales for fiscal 2027 to be approximately $2.71 billion, aligning with consensus, despite incorporating a loss of about $470 million from Calvin Klein and Tommy Hilfiger products, suggesting strategic adjustments to product offerings.
- Net Income Forecast: Projected net income is between $171 million and $175 million, translating to diluted EPS of $3.85 to $3.95, a significant improvement from fiscal 2026's $67.4 million or $1.51 per share, reflecting enhanced profitability.
- Adjusted EBITDA Expectations: Adjusted EBITDA is anticipated to range from $178 million to $182 million, down from $192.4 million in fiscal 2026, highlighting ongoing efforts in cost control and operational efficiency.
See More
G-III Apparel Group to Release Q1 Fiscal 2027 Earnings on June 5, 2026
- Earnings Release Schedule: G-III Apparel Group is set to announce its Q1 fiscal 2027 earnings before the market opens on June 5, 2026, which is expected to significantly impact investor assessments of the company's financial health.
- Conference Call Details: Management will host a conference call at 8:30 AM ET on the same day to discuss the results and hold a Q&A session, requiring investors to register in advance to obtain dial-in information for smooth participation.
- Webcast Access: In addition to the conference call, investors can access a live audio webcast through the company's website, enhancing information transparency and broadening investor engagement, which is likely to boost trust in the company.
- Company Background: G-III Apparel Group is a global fashion leader with expertise in design, sourcing, and marketing over 30 brands, and future financial performance will be influenced by its brand portfolio and shifts in market demand.
See More
G-III Apparel Declares Quarterly Dividend of $0.10
- Quarterly Dividend Announcement: G-III Apparel has declared a quarterly dividend of $0.10 per share, consistent with previous distributions, indicating the company's ongoing ability to maintain stable cash flow, which is likely to attract more investor interest.
- Dividend Yield: The forward yield of 1.26% reflects the company's appeal in the current market environment, potentially boosting shareholder confidence and stabilizing the stock price.
- Record Date for Shareholders: The dividend will be payable to shareholders of record on June 22, with the ex-dividend date also set for June 22, ensuring that shareholders receive their earnings promptly, thereby strengthening the relationship between the company and its investors.
- Strategic Shift Goals: G-III Apparel has outlined a sales target of $2.71 billion for FY27, indicating a strategic shift towards owned brands and margin expansion, aimed at enhancing long-term growth potential.
See More
