Overview
- G-III reported adjusted EPS of $1.90 for Q3, topping expectations, as net sales fell 9% to $988.6 million.
- Management increased fiscal 2026 adjusted EPS guidance to $2.80–$2.90 and lifted adjusted EBITDA to $208–$213 million, while trimming sales guidance to about $2.98 billion.
- The company quantified tariffs as a roughly $135 million gross impact with about $65 million net unmitigated, with supplier support, sourcing shifts and selective price increases helping offset costs.
- Total debt dropped to $10.6 million, leaving G-III in a net cash position, and the board initiated a quarterly dividend of $0.10 per share payable December 29, 2025.
- Shares traded higher following the release, and Telsey, KeyBanc and UBS raised their price targets on the stock.