G-III Apparel Group reported second-quarter fiscal 2027 earnings that beat guidance and raised its full-year non-GAAP earnings per diluted share guidance to $2.20 to $2.30, while reiterating net sales guidance of approximately $2.71 billion. The company also completed the acquisition of Marc Jacobs, which it expects to be slightly dilutive for the remainder of fiscal 2027 but accretive thereafter. Second-quarter net sales were $554 million, down from $613 million a year earlier, reflecting the exit of Calvin Klein and Tommy Hilfiger licenses, partially offset by high single-digit growth in the go-forward portfolio. Gross margin expanded 440 basis points to 45.2%, and non-GAAP EPS was $0.26, above the guidance range of $0.15 to $0.25. The company ended the quarter with nearly $530 million in cash and approximately $1 billion in available liquidity, and it expects Marc Jacobs to generate approximately $360 million in global sales this year, with a long-term goal of $1 billion in annual revenue.
G-III Apparel Group LtdQ2 beat guidance and raised full-year non-GAAP EPS guidance to $2.20-$2.30 with gross margin up 440bp.
PVH Corp