G-III Apparel Forecasts FY27 Sales Drop to $2.71B After FY26 Decline
Summary
G-III Apparel Group reported fiscal year 2026 net sales of $2.96 billion and non-GAAP diluted EPS of $2.61. More significantly, the company provided a fiscal year 2027 sales outlook of approximately $2.71 billion, which represents a material decline from the prior year. This follows earlier news of a Q4 adjusted EPS miss and a general decline in FY26 profitability, with this report providing the specific full-year figures and critical forward guidance. The projected sales decrease for FY27 is partly attributed to an estimated $470 million impact from lost license revenues, signaling continued headwinds for the company. Traders will be closely watching the company's ability to manage these revenue pressures and the effectiveness of its initiated cost-savings program.
At the time of this announcement, GIII was trading at $24.00 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $20.33 to $34.83. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.