G-III Apparel Group raised its fiscal 2027 non-GAAP earnings per diluted share guidance to $2.20 to $2.30, up from the prior $2.15 to $2.25, while reiterating net sales of approximately $2.71 billion, after reporting second-quarter results that beat on earnings but missed on revenue. The company completed its acquisition of Marc Jacobs, which CEO Morris Goldfarb called transformational, and management outlined a path for the brand to reach $1 billion in annual revenue, focusing on handbags, small leather goods, and accessories, with apparel as a major untapped opportunity. For the second quarter ended July 31, 2026, net sales were $555 million, down 10% from $613 million a year earlier, while gross margin expanded 440 basis points to 45.2%, and non-GAAP net income was $11.5 million, or $0.26 per diluted share. The guidance excludes Marc Jacobs, which will be incorporated when the company reports third-quarter results in December, and assumes current tariff rates for the remainder of the year. Management noted Europe weakness, with traffic down dramatically, and said shipping and weather could shift revenue between quarters.
G-III Apparel Group LtdG-III raised FY2027 non-GAAP EPS guidance to $2.20-$2.30 after Q2 earnings beat and completed the transformational Marc Jacobs acquisition.
