G-III Apparel Group Raises FY2026 Adj EPS Guidance from $2.55-$2.75 to $2.80-$2.90 vs $2.68 Est; Lowers FY2026 Sales Guidance from $3.020B to $2.980B vs $3.020B Est

Fiscal 2026

Net sales are expected to be approximately $2.98 billion (previous guidance $3.02 billion). This compares to net sales of $3.18 billion for fiscal 2025.

Net income is expected to be between $121.0 million and $126.0 million (previous guidance $112.0 million and $122.0 million), or diluted earnings per share between $2.72 and $2.82 (previous guidance $2.53 and $2.73). This compares to net income of $193.6 million, or $4.20 per diluted share for fiscal 2025.

Non-GAAP net income for fiscal 2026 is expected to be between $125.0 million and $130.0 million (previous guidance $113.0 million and $123.0 million), or diluted earnings per share between $2.80 and $2.90 (previous guidance $2.55 and $2.75). This compares to non-GAAP net income of $203.6 million, or diluted earnings per share of $4.42 for fiscal 2025.

Adjusted EBITDA for fiscal 2026 is expected to be between $208.0 million and $213.0 million (previous guidance $198.0 million and $208.0 million) compared to adjusted EBITDA of $325.9 million in fiscal 2025.

Net interest expense is expected to be approximately $1.5 million.

Tax rate for fiscal 2026 is estimated to be 29.5%.