Based On Current Tariff Rates, G-III Apparel Anticipates The Gross Impact Of Tariffs Will Now Be Approximately $135M
Benzinga Newsdesk 11 months ago
EarningsNews
OutlookThe Company has updated guidance for fiscal 2026, which reflects the strength of our third-quarter earnings outperformance, along with a disciplined view of the current consumer landscape and the expected effects
Outlook
The Company has updated guidance for fiscal 2026, which reflects the strength of our third-quarter earnings outperformance, along with a disciplined view of the current consumer landscape and the expected effects of tariffs on our top and bottom lines. Based on current tariff rates, the Company anticipates the gross impact of tariffs will now be approximately $135 million. This has been partially offset through vendor participation, strategic sourcing shifts, and targeted price increases. The remaining unmitigated impact, reflected in fiscal 2026 guidance, is now estimated at $65 million.