G-III Apparel beat Q3 EPS expectations at $1.90 vs. $1.61, reporting $988.6M sales and raising FY26 guidance. CEO cites strong performance.
G-III Apparel Group Ltd (NASDAQ: GIII) exceeded expectations in its third-quarter financial results, with adjusted earnings per share coming in at $1.90, surpassing the projected $1.61. Despite quarterly sales of $988.649 million reflecting a 9% decline year over year, they fell short of the anticipated $1.012 billion. Chairman and CEO Morris Goldfarb expressed confidence by raising the company's fiscal 2026 adjusted earnings guidance above estimates. This adjustment considers the uncertainties in the consumer landscape and challenges related to tariffs. The company's positive third-quarter performance led to the update in its fiscal 2026 forecast, taking into account both market optimism and potential tariff impacts.
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