G-III Apparel Group, Ltd. (GIII) Earnings Call Transcripts

G-III Apparel Group, Ltd.'s Latest Earnings Call - Q1 FY2027

G-III Apparel Group, Ltd. reported strong first quarter results for fiscal 2027, with net sales of $536 million, exceeding guidance of approximately $530 million. The company experienced a non-GAAP loss per share of $0.21, which was better than expected. Management raised its guidance for non-GAAP EPS to a range of $2.15 to $2.25, up from $2.00 to $2.10, reflecting confidence in the go-forward portfolio's growth despite macroeconomic challenges. The acquisition of the Marc Jacobs brand was highlighted as a significant strategic move aimed at enhancing margins and long-term growth potential.

Reported metrics

Guidance from management

Management reiterated fiscal 2027 net sales guidance of approximately $2.71 billion and raised non-GAAP EPS guidance to $2.15-$2.25, reflecting confidence in the go-forward portfolio's growth potential.

What management said

Thank you, Neal, and thank you all for joining us today. I've never been more excited about the future of G-III. I want to thank all of our team members for their hard work and dedication as well as our shareholders for their continued support. Operator, we're now ready to take some questions.

Yes. Look, I think the key thing to think about, Ashley, is that while we expect a significant amount of deleverage on the full year, if you look at that rate in each quarter, you'll see that will scale down, and I would expect that would be somewhat consistent for Q2 and 3. And just remember, in Q4, we had a large charge last year. So you'll be up against that as as a reduction just taken into account when you do yo...

What analysts pressed on

Analysts expressed concerns about the macroeconomic environment, particularly in Europe, and potential consumer sentiment impacts due to ongoing geopolitical issues. There was also inquiry about the sustainability of growth in the DTC segment amidst these challenges.

Main topics on the call

• Revenue Performance — Net sales for Q1 were $536 million, down 8% year-over-year but ahead of guidance. Management noted, "the quality of total company sales continues to strengthen, driven by a meaningful increase in full price sales versus ...
• Gross Margin Expansion — Non-GAAP gross margins improved by 350 basis points to 45.7%, driven by better pricing and a shift towards owned brands. This marks the first gross margin expansion since fiscal 2025, indicating improved profitability.
• Marc Jacobs Acquisition — The acquisition of Marc Jacobs is expected to enhance G-III's portfolio and drive long-term growth. Management stated, "This acquisition is upgrading the quality of our earnings and advancing our long-term growth traject...
• Guidance Increase — Management raised its fiscal 2027 non-GAAP EPS guidance to $2.15-$2.25, up from $2.00-$2.10. This reflects confidence in the underlying health of the go-forward portfolio despite anticipated revenue losses from exiting b...

Read the full G-III Apparel Group, Ltd. transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 24 G-III Apparel Group, Ltd. earnings call transcripts on record, spanning March 19, 2020 to June 5, 2026. Based on this history, G-III Apparel Group, Ltd. reports quarterly. The most recent call on file is dated June 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

GIII

Exchange

NasdaqGS

Country

US

Sector

Consumer Discretionary

Industry

Textiles, Apparel and Luxury Goods

Calls on record

24

First call

March 19, 2020

Most recent

June 5, 2026

Reporting cadence

quarterly