Stock Track | G-III Apparel Soars 10.21% in Pre-Market on Strong Earnings, Raised Guidance, and Dividend Initiation

Stock Track12-09

G-III Apparel Group's stock surged 10.21% in pre-market trading following the release of its third-quarter fiscal 2026 results. The company reported adjusted earnings per share of $1.90, surpassing the FactSet estimate of $1.61, despite revenue of $988.6 million missing expectations.

The stock's sharp rise was further fueled by G-III's upward revision of its fiscal 2026 adjusted EPS guidance to a range of $2.80 to $2.90, compared to its previous forecast of $2.55 to $2.75. Additionally, the company announced its first-ever quarterly dividend of $0.10 per share, signaling confidence in its financial stability and commitment to shareholder returns. These positive developments collectively drove investor optimism, leading to the significant pre-market gain.

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