Stock Track | G-III Apparel Soars 14.02% on Strong Earnings, Dividend Initiation, and Raised Guidance

Stock Track12-09

G-III Apparel Group's stock surged 14.02% during Tuesday's intraday session, reflecting strong investor optimism following the company's latest financial updates.

The apparel maker reported third-quarter fiscal 2026 adjusted earnings per share of $1.90, surpassing the $1.61 estimate, despite a slight miss on revenue. Additionally, G-III announced its first-ever quarterly dividend of $0.10 per share, signaling confidence in its financial stability. The company also raised its fiscal 2026 adjusted EPS guidance to a range of $2.80 to $2.90, up from its previous forecast of $2.55 to $2.75.

These positive developments, including the earnings beat, dividend initiation, and upward guidance revision, collectively drove the stock's significant intraday gain as investors welcomed the improved outlook.

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