G-III Apparel Group, Ltd. reported results for the second quarter of fiscal 2026, ended July 31, 2025.
Net income per diluted share was $0.25 and net sales reached $613.3 million for the second quarter, exceeding guidance.
The company also provided updated fiscal 2026 guidance in light of the current macro environment and tariff impacts.
Exceeded Expectations
The company surpassed expectations in net sales and earnings for the second quarter, driven by the momentum of key brands like DKNY and Donna Karan.
Mitigating Tariff Pressures
G-III Apparel Group is actively addressing tariff pressures through vendor participation, sourcing shifts, and targeted price increases.
Maintaining Strong Cash Position
The company highlighted its strong cash position and availability, providing flexibility for investments and strategic opportunities.
Share Repurchases
G-III conducted share repurchases worth $24.6 million in the second quarter, demonstrating confidence in its business and future outlook.
- The second quarter results showed a 5% decrease in net sales compared to the previous year.
- Net income for the quarter was $10.9 million, with earnings per diluted share at $0.25.
- The company's balance sheet revealed a 5% increase in inventories and a significant reduction in total debt by 96% compared to the same period last year.
G-III Apparel Group remains optimistic about navigating the challenging environment and pursuing opportunities for long-term growth, leveraging its strong balance sheet and dynamic business model.