G III APPAREL GROUP LTD /DE/ (GIII) Form 8-K — Jun 5, 2026
G-III Apparel Group reported first-quarter fiscal 2027 net sales of $536 million, down 8% year-over-year, but GAAP net income surged to $66.5 million ($1.50 per diluted share) from $7.8 million ($0.17) in the prior year. This significant earnings beat was primarily driven by a $102.7 million pre-tax benefit from the expected recovery of previously incurred tariffs under the IEEPA regime, which inflated gross margins to 64.9% from 42.2% last year. Excluding the tariff benefit, core operational performance was weaker, with non-GAAP net loss per share of $0.21 compared to $0.19 profit in the prior year.
Key figures
- Eps
- 1.5
- Revenue
- 536000000
- Guidance
- FY2027 Net Income $171M-$175M; EPS $3.85-$3.95
- Net Income
- 66500000
- Total Debt
- 15407000
- Cash Position
- 394200000
- Deal Value Usd
- 500000000
- Tariff Benefit
- 102700000
- Q2 Sales Guidance
- 570000000
- Fy2027 Sales Guidance
- 2710000000
Price after filing
Close on the filing date to close N calendar days later (from $32.04). Historical, not a forecast.
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