GIII
G-III Apparel Group, Ltd.31.63
-0.18-0.57%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '26
Reaffirms brands, flags PVH pressure
Q&A largely reaffirmed prepared remarks on owned brands momentum, but Morris noted stronger-than-expected margin pressure from exiting PVH licenses due to demand uncertainty. Management expressed comfort with order books, citing 700 added points of sale across Donna Karan and Karl Lagerfeld plus first-time international growth. They remain open to sizable acquisitions without prioritizing over licenses, while Converse prospects depend on Nike's strategy. Hospitality leads category expansion for Karl and Vilebrequin. SG&A dollars rise modestly on talent and tech investments. Owned brands will drive the thesis.
Key Stats
Market Cap
1.34BP/E (TTM)
9.70Basic EPS (TTM)
3.26Dividend Yield
0%Recent Filings
8-K
G-III declares $0.10 dividend
8-K
G-III FY26 results, FY27 outlook
G-III reported fiscal 2026 net sales of $2.96B, down 7% from prior year due to $254M lost PVH brand sales, yet owned brands grew mid-single digits. GAAP EPS fell to $1.51 amid $48.6M impairments and $17.5M Saks bankruptcy bad debt; cash swelled to $407M. Fiscal 2027 outlook eyes $2.71B sales and $2.00-$2.10 EPS despite $470M PVH exit hit. Cost savings ramp to $25M run-rate by 2028.
8-K
G-III grants RSUs to leaders
G-III Apparel Group granted one-time RSU awards worth $5M to EVP Jeffrey Goldfarb and $2M to Chief Growth and Operations Officer Dana Perlman on December 11, 2025, as part of succession planning. These cliff-vest fully after five years of service, targeting next-gen leaders while excluding current named execs. Retention locks in talent. Success hinges on their long-term commitment.
10-Q
Q3 FY2026 results
G-III's Q3 FY2026 sales fell 9.1% y/y to $988.6M, with wholesale down 8.3% y/y to $977.3M on lower Calvin Klein/Tommy Hilfiger volumes, yet proprietary brands like Karl Lagerfeld and Donna Karan gained traction. Gross margin slipped 1.2 points to 38.6% from tariff pressures, while operating profit dropped 32.5% y/y to $112.3M as SG&A held steady; diluted EPS declined to $1.84 from $2.55. Cash swelled to $184.1M with $700M revolver availability after redeeming $400M notes; free cash flow generated $44M (derived). Debt trimmed to $10.6M. Licenses expiring through 2027 pose revenue risks.
8-K
Q3 beat, dividend starts
G-III reported Q3 fiscal 2026 net sales down 9% to $988.6M yet delivered GAAP EPS of $1.84, beating guidance amid strong owned brands and tariff mitigation. Board declared first-ever $0.10/share quarterly dividend, payable December 29 to record December 15 holders. Raised FY26 net income outlook to $121M-$126M despite $65M unmitigated tariff hit.
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