G-III Apparel Group, LTD. Reports First Quarter Fiscal 2027 Results and Raises Earnings Guidance

Net Sales of $536 Million, Ahead of Guidance Net Income Per Diluted Share of $1.50 Compared to $0.17 Last Year Non-GAAP Net Loss Per Share of ($0.21), Ahead of Guidance Raises GAAP and Non-GAAP Net Income Guidance for Fiscal 2027 Marc Jacobs Transaction to Accelerate G-III's Growth Transformation NEW YORK, June 05, 2026 (GLOBE NEWSWIRE) -- G-III Apparel Group, Ltd. (NASDAQ: GIII ) ("G-III" or the "Company") today reported results for the first quarter of fiscal year 2027, ended April 30, 2026. Morris Goldfarb, G-III's Chairman and Chief Executive Officer, said, "I am very pleased with our first quarter results, which demonstrate the G-III team's ability to execute in a dynamic environment. The quarter was better than expected with both our net sales and earnings coming in ahead of guidance. Our go-forward portfolio saw continued momentum and healthy full-price selling, which contributed to meaningful gross margin expansion versus the prior year. Based on our strong first quarter results, we are raising our earnings guidance for fiscal 2027." Mr. Goldfarb continued, "Our recently announced acquisition of the iconic Marc Jacobs brand in partnership with WHP Global marks an exciting new chapter for G-III and will significantly accelerate our transformation into a brand-led global powerhouse. Marc Jacobs is one of the most influential brands in fashion, and we see tremendous opportunity to build on its strong foundation and drive long-term growth across categories, channels, and geographies. With an increasingly powerful portfolio of owned and licensed brands, disciplined execution, and a talented global team, we believe G-III is exceptionally well-positioned to drive sustainable long-term growth and significant shareholder value." Results of Operations First Quarter Fiscal 2027 Net sales for the first quarter ended April 30, 2026 decreased 8% to $536.0 mil