G-III Apparel Posts Q2 Adjusted EPS of $0.26, Beating Expectations
GIII sits 25% above its 52-week low of $24.61.
Summary
G-III Apparel reported Q2 adjusted EPS of $0.26, beating expectations and improving from a prior-year loss. The company raised its full-year earnings guidance, now expecting FY27 EPS of $4.10-$4.20 and adjusted EPS of $2.20-$2.30, with FY27 sales projected at $2.71 billion. For the third quarter, G-III sees sales of $870 million and EPS of $1.35-$1.45. This follows a strong Q1 that included a $139.5M tariff refund and a raised full-year outlook. The company also recently completed the Marc Jacobs acquisition with WHP Global, adding a globally recognized brand.
At the time of this announcement, GIII was trading at $30.67 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $24.61 to $37.54. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.