G-III Apparel FY27 Q2 net sales drop 9.7% to $554.1 million; gross profit margin widens 4.4 percentage points to 45.2% - GIII News | RalliesG-III Apparel FY27 Q2 net sales drop 9.7% to $554.1 million; gross profit margin widens 4.4 percentage points to 45.2%
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GIII• Quarter results and margin performance
- G-III posted a net loss of USD 7.9 million for the quarter ended July 31, 2026, versus net sales down 9.65% to USD 554.1 million.
- Gross margin widened 4.4 percentage points to 45.2%, while income tax swung to a benefit of USD 6.1 million.
Wholesale, retail and other business updates
- Wholesale net sales fell 9.88% to USD 530.8 million, driven by a USD 95.2 million drop in Calvin Klein and Tommy Hilfiger.
- Retail net sales slipped 3.89% to USD 39.5 million; comparable sales rose for Donna Karan and DKNY with 47 stores unchanged.
- Marc Jacobs acquisition closed Sept. 1, 2026; received USD 129.7 million in IEEPA tariff refunds, with USD 9.8 million still receivable.
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