G-III Apparel Group Delivers Strong Q4 Results, Accelerates Strategic Transformation Amid Challenging Retail Environment
NEW YORK, NY - March 12, 2026 - G-III Apparel Group, Inc. (NASDAQ: GIII), a leading manufacturer and distributor of apparel and accessories under the Company's own brands and licensed brands such as Calvin Klein and Tommy Hilfiger, today reported strong fourth quarter and full year fiscal 2026 results.
"Fiscal 2026 was a pivotal year for G-III," said Morris Goldfarb, Chairman and Chief Executive Officer. "I'm proud of the results our teams delivered and the meaningful progress we made advancing our long-term strategy despite a tough environment."
The Company's underlying results were strong in the fourth quarter, with net sales totaling $771 million, exceeding expectations despite the impact of the Saks bankruptcy. The full year net sales reached $2.96 billion, driven by mid-single-digit growth from key owned brands such as DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin.
Net income was $0.30 per diluted share in the fourth quarter, with non-GAAP earnings per diluted share also reaching $2.61 for the full year. The Company's balance sheet remains strong, with more than $400 million in cash and over $900 million in total liquidity, which provides ample flexibility to continue investing in its brands and infrastructure.
"We're successfully establishing higher price points with our newer brands and seeing healthy consumer response," said Goldfarb. "This further supports our margin expansion opportunity and demonstrates the strength of our strategic direction."
The Company's commitment to disciplined operating practices, strong balance sheet, and focus on key owned brands have enabled it to deliver compelling product and differentiated brand experiences despite a highly dynamic retail environment.
Looking ahead, Goldfarb emphasized the Company's strategy to simplify its portfolio, lean into its most powerful owned brands, and build a company with greater control and long-term growth potential. "We remain in a strong financial position with ample flexibility to continue investing in our brands and infrastructure to support long-term growth," he concluded.
