During the quarter ending 31 July 2025, the company’s net sales totalled $613.37m, a decrease from $644.76m in the same period the previous year, yet surpassing the company’s earlier projection of approximately $570m made in the first quarter.
G-III chairman and CEO Morris Goldfarb said: “In the second quarter, we exceeded expectations across both net sales and earnings, driven by the strong momentum of our go-forward portfolio, led by DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin. These results highlight our ability to execute on our strategic priorities and leverage our powerful corporate platform to maximise the full potential of our globally recognised brands.”
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Financial highlights of G-III Apparel’s Q2
The company’s net income for the quarter was $10.94m, equating to $0.25 earnings per diluted share (EPS), a decline from $24.2m or $0.53 per diluted share from prior year quarter.
The company’s non-GAAP net income per diluted share in the quarter stood at $0.25 for the quarter compared to last year’s $0.52.
Inventory levels rose by 5% to $639.8m in Q2 FY26 from $610.5m in the previous year, while total debt saw a significant reduction to $15.5m from $414m.
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Looking ahead, G-III Apparel provided guidance for fiscal 2026, taking into account the current economic climate, cautious retail partner sentiment, and tariff impacts on financials.
The company anticipates an incremental tariff cost of around $155m with an unmitigated impact estimated at $75m expected to affect the latter half of the year.
Net sales for fiscal 2026 are projected to be $3.02bn compared to $3.18bn in fiscal 2025.
The company expects net income to be in the range of $112m to $122m, with diluted earnings per share between $2.53 and $2.73, down from fiscal 2025’s net income of $193.6m or $4.20 per diluted share.
For the third quarter of fiscal 2026, G-III Apparel forecasts net sales of approximately $1.01bn and net income ranging from $62m to $72m or diluted EPS between $1.43 and $1.63.
