The net turnover of the G-III Apparel Group fell by five percent in the second quarter compared to the same period last year to $ 613.3 million (around 565 million euros). The net win for the quarter was $ 10.9 million (around ten million euros) or 25 cents per share. This is a decline compared to $ 24.2 million (around 22 million euros) or 53 cents per share in the previous year. G-III also bought back 1.14 million of its shares for $ 24.6 million (around 23 million euros) in the course of the quarter.
Morris Goldfarb, CEO and CEO of G-III, commented on the prospects as follows: “With a view to the future, we have updated the forecast for the 2026 financial year in order to take into account the current macroeconomic environment, a more careful view of our retail partners and the effects of the tariffs on our business result. Selecting supplier participation, selective relocations of procurement and targeted price increases. “
G-III expects additional customs costs of around $ 155 million (around 143 million euros). These were partially compensated for by supplier participation, relocations of procurement and price increases. The remaining, non-compensated effects are estimated at $ 75 million (around 69 million euros), with the majority of the second half of the year.
For the entire 2026 financial year, the company predicts net sales of around $ 3.02 billion (around 2.78 billion euros). That is less than $ 3.18 billion (around 2.93 billion euros) in the 2025 financial year. The net profit is expected to be between $ 112 million (around 103 million euros) and $ 122 million (around 112 million euros) or $ 2.73 per share.
For the third quarter, G-III predicts net sales of around $ 1.01 billion (around 929 million euros) and a net profit between $ 62 million (around 57 million euros) and $ 72 million (around 66 million euros). Both numbers represent a decline compared to the previous year’s quarter.
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