G-III Apparel Group Ltd (NASDAQ:GIII) reported better-than-expected third-quarter adjusted EPS results and raised its FY26 adjusted EPS guidance above estimates on Tuesday.
The company reported third-quarter adjusted earnings per share of $1.90, beating the analyst consensus estimate of $1.61. Quarterly sales of $988.649 million (down 9% year over year) missed the Street view of $1.012 billion.
"Looking ahead, we are raising our fiscal 2026 earnings guidance to reflect our third quarter outperformance tempered by the uncertainties around the consumer environment and tariff-related margin pressures," said Morris Goldfarb, chairman and CEO.
The company updated its fiscal 2026 guidance following a strong third-quarter performance, while factoring in a cautious consumer outlook and tariff pressures. It expects tariffs to have a gross impact of about $135 million, partially offset by supplier support, sourcing changes, and selective price increases, leaving a net unmitigated impact of roughly $65 million baked into guidance.
G-III Apparel raised 2026 adjusted earnings per share guidance from $2.55-$2.75 to $2.80-$2.90 versus the $2.68 estimate. The firm lowered 2026 sales guidance from $3.020 billion to $2.980 billion, versus $3.020 billion estimate.
G-III Apparel shares rose 1.8% to trade at $31.36 on Wednesday.
These analysts made changes to their price targets on G-III Apparel following earnings announcement.
- Telsey Advisory Group analyst Dana Telsey maintained G-III Apparel with a Market Perform and raised the price target from $30 to $34.
- Keybanc analyst Ashley Owens maintained the stock with an Overweight rating and raised the price target from $33 to $35.
- UBS analyst Mauricio Serna maintained G-III Apparel with a Neutral and raised the price target from $28 to $32.
Considering buying GIII stock? Here’s what analysts think:
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