G-III Apparel Group raises earnings guidance, initiates quarterly dividend

G-III Apparel Group, Ltd. announced its financial results for the third quarter of fiscal 2026, ended October 31, 2025, revealing net sales decrease of 9 percent to 988.6 million dollars compared to 1.09 dollars billion in the prior-year quarter. The company’s net income was 80.6 million dollars, or 1.84 dollars per diluted share.

Despite the sales decline, G-III is raising its full fiscal 2026 earnings guidance. The company now projects full-year net sales of approximately 2.98 billion dollars down from 3.02 billion dollars previously, but anticipates diluted earnings per share to be between 2.72 dollars and 2.82 dollars, an increase from the prior guidance of 2.53 dollars to 2.73 dollars and Adjusted EBITDA to be between 208 million dollars and 213 million dollars versus previous guidance of 198 million dollars and 208 million dollars.

Chairman and CEO Morris Goldfarb attributed the performance to the strength of its portfolio, particularly its owned brands, a healthy mix of full-price sales, and efforts to mitigate tariff impacts. “Looking ahead, we are raising our fiscal 2026 earnings guidance to reflect our third quarter outperformance tempered by the uncertainties around the consumer environment and tariff-related margin pressures," Goldfab said.

Management noted that the raised guidance balances third-quarter strength with ongoing uncertainties in the consumer environment and remaining unmitigated tariff pressures, now estimated at 65 million dollars. Further demonstrating its strong financial profile, G-III also announced the approval of a new capital strategy, initiating a quarterly cash dividend of 10 cents per share, payable on December 29, 2025.

"Our strong financial profile gives us the ability to return capital directly to stockholders including through our newly initiated dividend program, while also continuing to pursue strategic opportunities to drive profitable growth,” Goldfab added.