G-III Apparel Q2 profit beats estimates on margin expansion
GIII•Outlook
- G-III Apparel sees fiscal 2027 net sales at $2.71 bln, down from $2.96 bln in 2026
- Company raises fiscal 2027 net income guidance to $181 mln-$185 mln, or $4.10-$4.20 per share
- G-III expects Marc Jacobs acquisition to be slightly dilutive to fiscal 2027 results
Overview
- US fashion apparel firm's fiscal Q2 revenue fell 10% and missed analyst expectations
- Adjusted EPS for fiscal Q2 beat analyst expectations
- Company completed Marc Jacobs acquisition and raised fiscal 2027 net income guidance, excluding Marc Jacobs
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Miss | $554.10 mln | $568.41 mln (4 Analysts) |
| Q2 Adjusted EPS | Beat | $0.26 | $0.19 (4 Analysts) |
| Q2 Net Income | $20.20 mln |
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the apparel & accessories peer group is "buy".
Wall Street's median 12-month price target for G-III Apparel Group Ltd is $39.00, about 21.2% above its September 1 closing price of $32.17.
