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

G-III Apparel Group reported second quarter fiscal 2027 results with GAAP net income per diluted share of $0.46 and non-GAAP of $0.26, both exceeding guidance. Net sales declined 10% to $554.1 million, but gross margin expanded 440 basis points to 45.2%. The company completed its acquisition of Marc Jacobs and raised full-year guidance, though the acquisition is expected to be slightly dilutive in fiscal 2027. Cash position strengthened to $529.2 million.