G-III Apparel Group, LTD. Reports First Quarter Fiscal 2027 Results and Raises Earnings Guidance
G-III Apparel reported Q1 FY27 revenue of $536 million, down 8% year-over-year, but GAAP EPS of $1.50 significantly exceeded the prior year's $0.17 due to a $102.7 million pre-tax tariff refund benefit. Excluding the tariff windfall, Non-GAAP EPS was a loss of $0.21, compared to $0.19 profit in the prior year, reflecting operational pressure from the loss of Calvin Klein and Tommy Hilfiger licenses.
Key figures
- Eps
- 1.5
- Revenue
- 536000000
- Guidance
- FY27 Net Income $171M-$175M (GAAP), $95M-$99M (Non-GAAP); Q2 Net Sales ~$570M
- Revenue Yoy
- -8%
- Inventories
- 417900000
- Gross margin
- 64.9%
- Cash and equivalents
- 394200000
- Non gaap gross margin
- 45.7%
- Tariff refund benefit
- 102700000
- Fy27 net sales guidance
- 2710000000
- Fy27 adjusted ebitda guidance
- 178M-182M
AI analysis
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