G-III Apparel Group (NASDAQ:GIII) posted better-than-expected earnings for the second quarter but slashed its full-year outlook, warning of weaker earnings and sales despite topping second-quarter profit and revenue estimates.
The company reported second-quarter adjusted earnings per share of 25 cents, beating the analyst consensus estimate of 9 cents. Quarterly sales of $613.266 million (down 5% year over year) outpaced the Street view of $571.312 million.
G-III Apparel Group cut its fiscal 2026 adjusted EPS outlook to $2.55–$2.75, down from $4.15–$4.25 and below the $2.90 estimate. The company also reduced its fiscal 2026 sales forecast to $3.02 billion from $3.14 billion. The revised sales guidance comes in slightly under the $3.131 billion Street consensus.
G-III Apparel Group projected …