US’ G-III Apparel holds FY26 sales forecast, posts higher Q1 earnings
G-III Apparel Group has reaffirmed its FY26 net sales outlook at $3.14 billion but withdrawn earnings guidance due to tariff-related uncertainty, which may add $135 million in costs. Q1 FY26 sales dipped 4 per cent, but net income rose to $7.8 million. Q2 sales are projected to decline year-on-year. The company cut debt by 96 per cent and repurchased $19.7 million in shares.
G-III Apparel Group has reaffirmed its FY26 net sales outlook at $3.14 billion but withdrawn earnings guidance due to tariff-related uncertainty, which may add $135 million in costs.
Q1 FY26 sales dipped 4 per cent, but net income rose to $7.8 million.
Q2 sales are projected to decline year-on-year.
The company cut debt by 96 per cent and repurchased $19.7 million in shares.
