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G-III Apparel (GIII) - 2026 Q4 - Annual Report
2026-03-24 20:27
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2026 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-18183 512 Seventh Avenue, New York, New York (Address of principal executive offices) Registrant's telephone number, including ar ...
ReGen III Closes First Tranche of Private Placement
TMX Newsfile· 2026-03-23 23:00
Vancouver, British Columbia--(Newsfile Corp. - March 23, 2026) - ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) ("ReGen III" or the "Company"), a leading clean technology company specializing in the upcycling of used motor oil ("UMO") into high-value Group III base oils, is pleased to announce it has closed the first tranche (the "Initial Tranche") of its non-brokered private placement (the "Offering") announced March 4, 2026. In connection with the Initial Tranche, the Company has issued 9,537,860 ...
GIII Investor Alert: G-III Apparel Group Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Allegedly Inflating Non-GAAP Earnings Figures: Levi & Korsinsky
Prnewswire· 2026-03-18 21:28
GIII Investor Alert: G-III Apparel Group Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Allegedly Inflating Non-GAAP Earnings Figures: Levi & Korsinsky Accessibility StatementSkip NavigationG-III Apparel Group Guided GAAP EPS to $2.72-$2.82 -- GAAP EPS Came in at $1.51NEW YORK, March 18, 2026 /PRNewswire/ -- G-III Apparel Group (NASDAQ: GIII) shareholders lost approximately 11.4% of their investment today when shares dropped after the Company reported full-year GAAP ...
G-III Apparel Group Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses
Globenewswire· 2026-03-16 12:06
Core Viewpoint - Johnson Fistel, PLLP is investigating potential claims on behalf of investors of G-III Apparel Group, Ltd. regarding possible recovery of investor losses under federal securities laws following a significant stock price decline after the company's financial disclosures [1][4]. Financial Performance - G-III Apparel Group reported net sales of approximately $2.96 billion for fiscal year 2026 and non-GAAP earnings per diluted share of approximately $2.61 [3]. - The company experienced a fourth quarter net sales decline of approximately 8.1% year-over-year, amounting to approximately $771 million [3]. - Following the financial results announcement, G-III Apparel Group's stock price declined approximately 12% on March 13, 2026 [3]. Legal Investigation - The investigation by Johnson Fistel focuses on whether G-III Apparel Group complied with federal securities laws in light of the financial disclosures and subsequent stock price decline [4]. - Investors who suffered losses from their investment in G-III Apparel Group stock are encouraged to contact Johnson Fistel for potential claims [2][4]. Firm Background - Johnson Fistel, PLLP is a nationally recognized shareholder-rights law firm with a strong track record in representing investors in securities class action lawsuits [5]. - The firm has been recognized among the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services in 2024, having recovered approximately $90.73 million for clients in cases where it served as lead or co-lead counsel [6].
G-III Apparel price target lowered to $29 from $34 at Telsey Advisory
Yahoo Finance· 2026-03-14 13:43
Telsey Advisory lowered the firm’s price target on G-III Apparel (GIII) to $29 from $34 and keeps a Market Perform rating on the shares. The company’s Q4 results were weaker than expected and the firm continues to see pressure from the macro environment, the analyst tells investors. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on GIII: Disclaimer & DisclosureReport an Issue ...
GIII Stock Falls 11% After Q4 Earnings Miss Estimates & Sales Dip Y/Y
ZACKS· 2026-03-13 14:11
Core Insights - G-III Apparel Group, Ltd. reported disappointing fourth-quarter fiscal 2026 results, with both net sales and earnings falling short of the Zacks Consensus Estimate, reflecting a year-over-year decline [1][5] Financial Performance - Adjusted earnings per share (EPS) were 30 cents, missing the Zacks Consensus Estimate of 57 cents, and decreased by 76.4% from the previous year's earnings of $1.27 per share [5] - Net sales fell 8.1% year over year to $771.5 million, also below the consensus estimate of $794 million, with approximately $20 million in lost sales attributed to the suspension of shipments to Saks prior to its bankruptcy [5][6] - The wholesale segment generated net sales of $737 million, missing the Zacks Consensus Estimate of $747.1 million, and reflecting a 7.8% decrease from the prior year [6] - The retail segment's net sales were $63 million, meeting the consensus estimate and representing a 12.5% increase compared to $56 million in the prior-year quarter [7] Margins and Expenses - Gross profit decreased 13.9% year over year to $285.5 million, with a gross margin of 37%, down 250 basis points year over year, primarily due to tariffs [8] - Adjusted SG&A expenses totaled $260 million, reflecting a 6.6% increase, which included a $17.5 million bad debt expense related to the Saks bankruptcy [9] - SG&A expenses as a percentage of net sales increased by 470 basis points year over year to 33.7% [10] Financial Position - G-III Apparel ended the fiscal fourth quarter with cash and cash equivalents of $406.7 million and long-term debt of $11.7 million, with total stockholders' equity at $1.76 billion [11] - Inventory increased by 3.8% year over year to $460 million at the end of the quarter [11] Future Outlook - For the first quarter of fiscal 2027, the company expects net sales of approximately $530 million, a 9.2% decline year over year, and anticipates a net loss between $13 million and $18 million [12] - For fiscal 2027, G-III expects net sales of approximately $2.71 billion, an 8% decline compared to fiscal 2026, primarily due to lost sales from Calvin Klein and Tommy Hilfiger products [14] - Expected net income for fiscal 2027 is projected to be between $88 million and $92 million, with EPS of $2.00 to $2.10, indicating a year-over-year increase in net income [15] - The company anticipates gross margin improvement of up to 300 basis points for the full fiscal year, supported by tariff mitigation efforts [20]
G-III earnings miss FY26 targets as sales decline and outlook weakens
Yahoo Finance· 2026-03-13 11:19
Core Insights - The company's net sales for the year ended 31 January 2026 decreased by 7.0% to $2.96 billion, falling short of the anticipated $2.98 billion [1] - Net income dropped to $67.4 million, translating to $1.51 per diluted share, compared to $193.6 million or $4.20 per diluted share in the previous year [1] Financial Performance - The fiscal year included $46.1 million in non-cash asset impairment charges, equating to $1.04 per diluted share, and a bad debt expense of $17.5 million primarily due to the bankruptcy of Saks Global, which accounted for $0.30 per diluted share after tax [2] - In the fourth quarter, net sales fell by 8.1% to $771.5 million from $839.5 million a year earlier, resulting in a net loss of $31.9 million [3] - The company ended the fiscal year with cash and cash equivalents of $406.7 million, an increase from $181.4 million the previous year, while inventories decreased by 3.8% to $460 million [3] Strategic Outlook - The company anticipates net sales for fiscal 2027 to be approximately $2.71 billion, reflecting a loss of $470 million in sales from Calvin Klein and Tommy Hilfiger products [5] - Forecasted net income for fiscal 2027 is expected to range between $88 million and $92 million, with diluted earnings per share projected between $2.00 and $2.10 [6] - For the first quarter of fiscal 2027, net sales are projected to be about $530 million, down from $583.6 million in the previous year, with an anticipated net loss between $18 million and $13 million [6] - The company aims to build on the momentum of its go-forward portfolio, expecting high-single digit growth for the year while focusing on gross margin expansion and cost structure streamlining [7]
G-III Apparel Group Declares Quarterly Dividend
Globenewswire· 2026-03-13 11:00
Core Viewpoint - G-III Apparel Group, Ltd. has declared a quarterly cash dividend of $0.10 per share, payable on March 30, 2026, to stockholders of record on March 23, 2026 [1] Company Overview - G-III Apparel Group, Ltd. is a global fashion leader specializing in design, sourcing, distribution, and marketing [2] - The company owns and licenses over 30 prominent brands, including ten iconic brands such as DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin [2] - G-III also licenses more than 20 sought-after names in global fashion, including Calvin Klein, Tommy Hilfiger, Levi's, Nautica, Halston, Champion, Converse, BCBG, French Connection, Starter, and major national sports leagues [2]
G-III outlines $2.71B FY27 sales target amid strategic shift to owned brands and margin expansion (NASDAQ:GIII)
Seeking Alpha· 2026-03-13 02:22
Core Insights - G-III Apparel Group, Ltd. (GIII) has set a sales target of $2.71 billion for fiscal year 2027, reflecting a strategic shift towards owned brands and margin expansion [2] Management View - CEO Morris Goldfarb highlighted that fiscal 2026 was a pivotal year for G-III, marking an accelerated transition away from the Calvin Klein and Tommy Hilfiger businesses [2]
G-III Apparel Shares Slide 15% After Earnings Miss and Weak 2027 Outlook
Financial Modeling Prep· 2026-03-12 18:04
Core Viewpoint - G-III Apparel Group, Ltd. reported disappointing fourth-quarter results and provided weak guidance for fiscal 2027, leading to a significant drop in share price [1] Financial Performance - The company reported an adjusted loss of $0.30 per share for the quarter ended January 31, 2026, which was below analyst expectations [2] - Revenue for the quarter decreased by 8.1% to $771.5 million from $839.5 million in the same period last year [2] - For fiscal 2026, net sales fell by 7% to $2.96 billion compared to $3.18 billion in the previous year, with adjusted earnings per share of $2.61 [3] Bad-Debt Impact - The quarter included $17.5 million in bad-debt expenses primarily related to the Saks Global bankruptcy, which impacted earnings by approximately $0.32 per share after tax [2] - The revenue decline was attributed to a loss of $254 million in sales from PVH brands, although key owned brands experienced mid-single-digit growth [3] Future Guidance - For fiscal 2027, G-III expects net sales to be approximately $2.71 billion, down from $2.96 billion in fiscal 2026, reflecting a loss of $470 million in revenue due to the exit from Calvin Klein and Tommy Hilfiger licensing agreements [4] - The company forecasts adjusted earnings per share between $2.00 and $2.10, with a midpoint of $2.05 [4] - For the first quarter, G-III anticipates revenue of roughly $530 million compared to $583.6 million in the prior year and projects an adjusted loss of $0.30 to $0.40 per share [4]