G-III Completes $500M Marc Jacobs Acquisition, Raises FY27 EPS Guidance to $4.10-$4.20
GIII sits 17% above its 52-week low of $24.61.
Summary
G-III completed its $500M Marc Jacobs acquisition and reported Q2 earnings that beat expectations, raising full-year EPS guidance to $4.10-$4.20.
Key Events · M&A and Partnerships · GIII
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Marc Jacobs Acquisition Completed
The $500 million acquisition of Marc Jacobs from LVMH closed on September 1, 2026, funded with cash on hand and revolver borrowings. Adding a globally recognized luxury brand, management is targeting $1 billion in long-term annual revenue.
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Q2 FY2027 Results Beat Expectations
Q2 net sales were $554.1 million (down 10% YoY), but non-GAAP EPS of $0.26 beat last year's $0.25. Gross margin expanded 440 basis points to 45.2%, driven by price increases and mix shift toward higher-margin owned brands.
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FY2027 Guidance Raised
Full-year GAAP EPS guidance was raised to $4.10-$4.20 (vs $1.51 in FY2026) and non-GAAP EPS to $2.20-$2.30 (vs $2.61 in FY2026). Q3 guidance is $1.35-$1.45 EPS on approximately $870 million in sales.
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JV Structure and License Terms
A 50/50 JV (IPCo) was formed with WHP Global to co-own Marc Jacobs IP. G-III holds an exclusive license through December 2041 (with 10 five-year renewal periods) for the US, Canada, Mexico, and Western Europe.
Analysis · GIII · Manufacturing
The $500 million acquisition of Marc Jacobs from LVMH closed on September 1, 2026, funded with cash on hand and revolver borrowings. Adding a globally recognized luxury brand to the portfolio, management is targeting $1 billion in long-term annual revenue from Marc Jacobs. Q2 results, reported simultaneously, beat expectations with non-GAAP EPS of $0.26 versus $0.25 last year. Full-year guidance was raised to $4.10-$4.20 GAAP EPS, up from $1.51 in fiscal 2026. While the acquisition is expected to be slightly dilutive in fiscal 2027 before turning accretive, the raised guidance and strong gross margin expansion (up 440 bps to 45.2%) signal improving operational momentum.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 35.7% of the 1694 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.10%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, GIII was trading at $28.85 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $24.61 to $37.54. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.