G-III Apparel Group's Q2 sales beat estimates

G-III Apparel Group reported Q2 net sales of $613.3 million, a 5% year-over-year decline, but exceeding estimates. Adjusted EPS was $0.25, surpassing analyst expectations. The company repurchased $24.6 million in shares and anticipates fiscal 2026 net sales of approximately $3.02 billion, with net income projected between $112 million and $122 million. Strong brand performance and strategic execution contributed to results. Analysts currently rate the stock as a "hold" with a median 12-month price target of $26.50, slightly below its recent closing price of $27.12.