G-III Apparel Group Earnings Call Transcripts
Fiscal Year 2027
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Second quarter earnings surpassed guidance, driven by gross margin expansion and disciplined expense management, despite a 10% sales decline due to license exits. The Marc Jacobs acquisition was completed, expanding the owned brand portfolio and setting up for long-term growth. Guidance for fiscal 2027 was reiterated, excluding Marc Jacobs.
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Q1 results exceeded expectations with $536M in sales and gross margin up 350 bps year-over-year, driven by strong owned brand performance and disciplined execution. The Marc Jacobs acquisition accelerates the shift to higher-margin brands. Fiscal 2027 guidance for EPS was raised.
Fiscal Year 2026
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Fiscal 2026 saw strong growth in owned brands and disciplined cost management, offsetting declines from exited PVH licenses and tariff impacts. Fiscal 2027 guidance anticipates lower revenue but higher margins, with continued investment in brand growth and digital expansion.
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Q3 profitability exceeded guidance despite tariff headwinds, with strong growth in owned brands offsetting PVH license declines. FY26 guidance was raised for EPS, and a new dividend was introduced, while gross margins are expected to recover as tariffs are mitigated and higher-margin brands expand.
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Q2 net sales and earnings exceeded expectations, driven by owned brands, despite a YoY sales decline due to license exits and tariff impacts. FY26 guidance reflects lower sales and margins, with owned brands expected to grow mid-single digits and significant cost mitigation efforts underway.
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Q1 earnings exceeded guidance, driven by double-digit growth in key owned brands, offsetting lost licensed sales. Despite macro uncertainty and a $135M potential tariff impact, full-year sales guidance is reaffirmed, with strong liquidity and disciplined inventory management.
Fiscal Year 2025
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Fourth quarter and full-year results exceeded expectations, with record non-GAAP EPS and strong growth in owned brands offsetting declines in legacy licenses. Fiscal 2026 guidance anticipates a slight sales decline due to license roll-offs, but double-digit growth in key brands and continued investments in technology and international expansion.
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Earnings and sales exceeded expectations in Q3, led by over 30% growth in key-owned brands and strong retail transformation. Fiscal 2025 guidance was raised for both sales and EPS, with margin expansion expected as the business shifts toward higher-margin owned brands.
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Second quarter results exceeded expectations, driven by strong owned brand growth and margin expansion. Full-year earnings guidance was raised, with strategic investments in new licenses and global expansion supporting long-term growth.
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Q1 net sales were $610M, with strong double-digit growth in DKNY and Karl Lagerfeld and a highly successful Donna Karan relaunch. FY2025 guidance was raised for EPS, with robust liquidity and a strategic AWWG partnership to drive international expansion.