From GlobeNewswire: 2025-06-06 07:00:00

G-III Apparel Group, Ltd. reported a net income per diluted share of $0.17 for the first quarter, up from $0.12 last year. Non-GAAP net income per diluted share was $0.19, exceeding guidance. Net sales for the quarter were $583.6 million, down from $609.7 million last year. The company reaffirmed its net sales guidance for fiscal 2026.

The strong first quarter results were attributed to double-digit growth in key owned brands like DKNY, Karl Lagerfeld, and Donna Karan. Despite the exit of Calvin Klein jeans and sportswear businesses, the company’s performance reflected strong demand for their brand portfolio. Management is confident in their strategic priorities and growth potential.

Inventories decreased by 5% to $456.5 million, while total debt decreased by 96% to $18.7 million. The company repurchased 807,437 shares for $19.7 million in the first quarter. G-III Apparel Group is working to mitigate the impact of tariffs and has withdrawn its net income guidance for fiscal 2026 due to uncertainty. They anticipate additional expenses of approximately $135.0 million from tariffs.

Looking ahead, G-III Apparel Group reaffirmed its net sales outlook for fiscal 2026 at approximately $3.14 billion. The company expects sales in the first half of the fiscal year to be lower compared to the previous year, with acceleration expected in the second half. For the second quarter ending July 31, 2025, net sales are expected to be around $570.0 million.



Read more at GlobeNewswire:: G-III Apparel Group, Ltd. Reports First Quarter Fiscal 2026