Overview

• G-III posted Q1 adjusted EPS of $0.19, beating the $0.12 consensus, with $583.61 million in sales that, despite a 4% year-over-year decline, outpaced forecasts.
• The company warned that U.S. tariffs would add roughly $135 million in costs this year, primarily in the second half.
• It withdrew its fiscal 2026 outlook for net income, non-GAAP net income and adjusted EBITDA due to tariff uncertainties.
• Shares tumbled about 15% on the profit warning even as management emphasized efforts to mitigate tariff impacts.
• G-III affirmed its $3.14 billion full-year sales target and projected Q2 EPS of $0.02 to $0.12 on revenue near $570 million.