G-III Apparel Exits Calvin Klein Licensing, Foresees 9% Sales Drop to $2.71B
G-III Apparel posted an adjusted Q4 loss of $0.30 per share on 8.1% revenue decline to $771.5 million, including a $17.5 million Saks Global bad-debt charge. It expects fiscal 2027 net sales of $2.71 billion and EPS of $2.05 after losing $470 million on Calvin Klein and Tommy license exits.
1. Fourth-Quarter Financial Results
G-III Apparel reported an adjusted loss of $0.30 per share for the quarter ended January 31, 2026, versus analyst expectations for a profit. Revenue fell 8.1% year-over-year to $771.5 million, driven by a $17.5 million bad-debt expense tied to the Saks Global bankruptcy and a 15% intra-day share price drop.
2. Full-Year 2026 Performance
Net sales for fiscal 2026 declined 7% to $2.96 billion from $3.18 billion a year earlier, with adjusted EPS of $2.61 per share including a $0.30 charge from the bad-debt expense. The revenue decline reflected the loss of $254 million in sales from PVH brands, although owned brands achieved mid-single-digit growth.
3. Fiscal 2027 Outlook and Licensing Impact
The company expects fiscal 2027 net sales of approximately $2.71 billion, reflecting a $470 million hit from exiting Calvin Klein and Tommy Hilfiger licensing agreements. Adjusted EPS is forecast at $2.00 to $2.10 per share, and first-quarter revenue is projected at roughly $530 million with an adjusted loss of $0.30 to $0.40 per share.