The combination of a clean operational beat, raised guidance, and the transformative Marc Jacobs acquisition is a powerful catalyst. The stock should re-rate higher on the improved earnings trajectory and the strategic pivot toward owned brands. Watch for deal closing in Q3 and any further details on Marc Jacobs' revenue/profitability profile during the earnings call.
Price Chart
Executive Summary
G-III Apparel reported Q1 FY2027 results with net sales of $536M (ahead of $530M guidance) and a GAAP EPS of $1.50, which includes a $1.75/share benefit from an IEEPA tariff refund receivable. On an adjusted basis, non-GAAP EPS was a loss of ($0.21), beating the consensus estimate of ($0.30). The company raised its full-year GAAP EPS guidance to $3.85-$3.95 (from $2.00-$2.10) and non-GAAP EPS to $2.15-$2.25 (from $2.00-$2.10), while also announcing the transformative ~$500M acquisition of the Marc Jacobs brand via a joint venture with WHP Global. The combination of an operational beat, raised guidance, and a high-profile brand acquisition is a significant positive catalyst.
Key Financial Metrics
Key Facts
- Q1 FY2027 net sales of $536M, ahead of guidance of ~$530M and consensus of $529.9M.
- GAAP diluted EPS of $1.50 vs $0.17 YoY, including a $1.75/share IEEPA tariff refund benefit.
- Non-GAAP diluted EPS of ($0.21), beating consensus estimate of ($0.30) by 30%.
- Raised FY2027 GAAP EPS guidance to $3.85-$3.95 (from $2.00-$2.10) and non-GAAP EPS to $2.15-$2.25 (from $2.00-$2.10).
- Announced ~$500M acquisition of Marc Jacobs operating business via a JV with WHP Global, expected to close in Q3 FY2027.
- Adjusted gross margin expanded 350 bps to 45.7% (excluding tariff refund), indicating strong underlying operational improvement.
- Cash and cash equivalents of $394.2M, providing ample liquidity for the Marc Jacobs deal.
- FY2027 net sales guidance maintained at ~$2.71B, reflecting the loss of ~$470M in Calvin Klein/Tommy Hilfiger sales.
Financial Impact
Q1 revenue beat consensus by ~$6M; non-GAAP EPS beat consensus by $0.09 (30%); FY2027 GAAP EPS guidance raised by ~$1.85 at the midpoint; Marc Jacobs acquisition valued at ~$500M.
Risk Factors
- Marc Jacobs acquisition is dilutive in the first year post-close, which may pressure near-term EPS.
- FY2027 revenue still expected to decline ~8% YoY due to the loss of Calvin Klein/Tommy Hilfiger sales.
- Tariff refund is a one-time benefit; underlying non-GAAP EPS was a loss of ($0.21).
- Execution risk on integrating Marc Jacobs and realizing projected synergies.
- Consumer spending environment remains uncertain, particularly in apparel.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-070742 |
| Document: giii-20260605x8k.htm | 0001104659-26-070742 |
| Document: giii-20260605xex99d2.htm | 0001104659-26-070742 |
| Document: 0001104659-26-070742-index-headers.html | 0001104659-26-070742 |
| Document: 0001104659-26-070742-index.html | 0001104659-26-070742 |
| Document: 0001104659-26-070742.txt | 0001104659-26-070742 |
| 8-K Data (Synthetic) | 0001104659-26-070742 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 5w ago | Insider Buy | $28.17 $26.94 | ▼ −4.37% | ▼ −6.19% | $29.65 (+5.25%) |
Sep 2, 2026 7w ago | 8-K | $28.47 $27.67 | ▼ −2.81% | ▼ −1.85% | $29.65 (+4.14%) |
Sep 1, 2026 7w ago | Press Release | $28.47 $27.67 | ▼ −2.81% | ▼ −1.85% | $29.65 (+4.14%) |
Aug 20, 2026 9w ago | 8-K | $33.18 $33.35 | ▲ +0.51% | ▼ −0.60% | $29.65 (−10.64%) |
Jun 5, 2026 20w ago | 8-K | $33.71 $35.28 | ▲ +4.66% | ▲ +4.09% | $29.65 (−12.04%) |
Jun 5, 2026 20w ago | Press Release | $33.71 $35.28 | ▲ +4.66% | ▲ +4.09% | $29.65 (−12.04%) |
May 14, 2026 23w ago | Press Release | $28.73 $30.82 | ▲ +7.27% | ▲ +6.31% | $29.65 (+3.20%) |
Mar 13, 2026 32w ago | 8-K | $26.28 $26.54 | ▲ +0.99% | ▲ +3.10% | $29.65 (+12.82%) |
Mar 13, 2026 32w ago | Press Release | $26.28 $26.54 | ▲ +0.99% | ▲ +3.10% | $29.65 (+12.82%) |
Mar 12, 2026 32w ago | 8-K | $26.09 $26.95 | ▲ +3.28% | ▲ +4.26% | $29.65 (+13.64%) |
US Market Status
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