G-III earnings miss FY26 targets as sales decline and outlook weakens [Yahoo! Finance]
G-III Apparel Group, LTD. (GIII)
Last g-iii apparel group, ltd. earnings: 3/19 07:00 am
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Source: Yahoo! Finance
This is below the anticipated sales of approximately $2.98bn, as outlined in its third quarter result statement. G-III Apparel also saw its net income fall to $67.4m, which translates to $1.51 per diluted share, compared to the prior year's figures of $193.6m or $4.20 per diluted share. The company expected net income to range from $121.0m to $126.0m, with diluted earnings per share expected to be between $2.72 and $2.82. The FY26 performance included $46.1m in non-cash asset impairment charges, amounting to $1.04 per diluted share. It also included a bad debt expense of $17.5m primarily linked to the bankruptcy of Saks Global, equal to $0.30 per diluted share after tax. In the fourth quarter ended 31 January 2026, G-III saw net sales decrease by 8.1% to $771.5m from $839.5m a year earlier, while posting a net loss of $31.9m. The quarter included further asset impairment and bad debt expenses. The company ended the fiscal year with cash and cash equivalents of $406.7m, up fr
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GIII
News
- G-III Apparel Group Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their LossesGlobeNewswire
- Is G-III Apparel Group (GIII) Pricing Look Stretched After Recent Share Price Decline? [Yahoo! Finance]Yahoo! Finance
- G-III Apparel price target lowered to $29 from $34 at Telsey Advisory [Yahoo! Finance]Yahoo! Finance
- G-III Apparel declares $0.10 dividend [Seeking Alpha]Seeking Alpha
- G-III Apparel Group Declares Quarterly DividendGlobeNewswire
GIII
Earnings
- 3/12/26 - Miss
GIII
Sec Filings
- 3/13/26 - Form 8-K
- 3/12/26 - Form 8-K
- 2/17/26 - Form SCHEDULE
- GIII's page on the SEC website