G-III Apparel shares plunge 11% after Q4 miss; approves $0.10 dividend
G-III Apparel Group’s Q4 EPS and sales fell short of estimates, triggering an 11% share decline due to licensing exits and a major retailer’s bankruptcy. The board also declared a $0.10 quarterly dividend payable March 30 to shareholders of record on March 23.
1. Q4 Earnings Miss and Share Decline
In its fourth quarter, G-III Apparel Group reported adjusted earnings per share and net sales below consensus estimates, driven by the exit of key licensing agreements and operational disruptions from a major retailer’s bankruptcy. The stock dropped 11% as investors reacted to reduced license revenues and intensified retail headwinds.
2. Board Declares Quarterly Dividend
G-III’s board approved a $0.10 per share cash dividend, with a record date of March 23, 2026, and payment scheduled for March 30, 2026. This marks the company’s regular cash return to shareholders despite near-term earnings volatility and ongoing brand transitions.