GIII

In March 2026, G-III reported fiscal 2026 net sales of $2.96 billion, a 7% decrease partly due to $254 million in lost sales from PVH brands, though key owned brands showed mid-single-digit growth. Reported EPS was $1.51, while non-GAAP EPS was $2.61, including a $0.30 impact from bad debt expense related to the Saks Global bankruptcy. The company ended fiscal 2026 with $407 million in cash, returned over $50 million to shareholders, and initiated a $25 million cost savings initiative. For fiscal 2027, G-III projected net sales of approximately $2.71 billion, incorporating a loss of $470 million from Calvin Klein and Tommy Hilfiger products, and expected non-GAAP diluted earnings per share between $2.00 and $2.10. In February 2026, G-III entered a five-year license agreement with French Connection to design and produce apparel and footwear. In September 2026, G-III reported second-quarter fiscal 2027 results with net sales declining 10% to $554.1 million, but gross margin expanded by 440 basis points to 45.2% due to price increases and a shift towards higher-margin owned brands. GAAP net income increased to $20.2 million ($0.46 per diluted share) from $10.9 million ($0.25) in the prior year, with non-GAAP EPS at $0.26. Cash and equivalents rose to $529.2 million, and inventories decreased by 13%. The company also completed the acquisition of the Marc Jacobs operating business and formed a joint venture with WHP Global to acquire and manage the Marc Jacobs intellectual property, aiming for $1 billion in long-term annual revenue from the brand, though the deal is expected to be slightly dilutive in fiscal 2027. Following the Q2 report, CEO Morris Goldfarb made an open-market purchase of 40,000 shares, signaling insider confidence. The company also declared quarterly cash dividends of $0.10 per share, payable in July and September 2026.