G-III Apparel’s Q2 net sales reached $613.37m, surpassing projections. Chairman Morris Goldfarb credited strong brand momentum for exceeding expectations. Net income was $10.94m, with a decline in EPS from the previous year. Inventory rose to $639.8m, while debt decreased significantly. Tariffs may impact the company by $155m in fiscal 2026. Net sales for the year are projected at $3.02bn, with a reduced net income expectation. Q3 forecasts net sales of $1.01bn and net income between $62m to $72m.

Read more at Yahoo Finance: G-III beats Q2 expectation, anticipates $155m in tariff impact