G-III raises guidance after Q3 results surpass expectations

G-III, which owns and licenses a portfolio of implicit 30 brands, present projects full-year nett income to scope betwixt $121.0m and $126.0m, higher than its erstwhile forecast of $112.0m to $122.0m.

Diluted net per stock are present expected to beryllium betwixt $2.72 and $2.82, compared to anterior guidance of $2.53 and $2.73.

In the 4th ending 31 October 2025, G-III reported a gross borderline of 38.6%. While this was down from 39.8% the erstwhile year, it was supra interior forecasts, supported by a stronger premix of full-price sales.

Net income for the play totalled $80.6m, which translates to $1.84 per diluted share.

Earlier, G-III had anticipated nett income for the Q3 to beryllium successful the scope of $62.0m to $72.0m, oregon diluted net per stock betwixt $1.43 and $1.63.

G-III president and CEO Morris Goldfarb said: “We delivered a beardown 3rd 4th with gross margins and net acold exceeding our expectations. This was driven by the spot of our go-forward portfolio, peculiarly our owned brands, arsenic good arsenic a steadfast premix of full-price income and our mitigation efforts against tariffs. I americium pleased with however our brands are resonating with consumers and encouraged by the coagulated request we person seen passim the vacation play to date.”

G-III recorded nett income of $988.6m successful Q3, representing a alteration of 9% compared to $1.09bn successful the aforesaid play past year.

Gross nett for the 4th declined to $381.5m from $432.1m, portion selling, general, and administrative expenses reached $260.4m from $259.2m successful the erstwhile year’s 3rd quarter.

Inventory astatine 4th extremity was reported astatine $547.1m, up 3% from $532.5m a twelvemonth earlier.

Total indebtedness fell sharply to $10.6m from $224.2m astatine the extremity of the anterior year’s 3rd quarter, resulting successful a nett currency presumption of $173.5m compared with a nett indebtedness presumption of $119.5m past year.

G-III expects nett income to beryllium astir $2.98bn versus earlier guidance of $3.02bn and existent nett income of $3.18bn successful fiscal 2025.

Adjusted net earlier interest, taxes, depreciation, and amortisation (EBITDA) for fiscal 2026 are forecast betwixt $208.0m and $213.0m, up from erstwhile guidance of $198.0m to $208.0m.

“Looking ahead, we are raising our fiscal 2026 net guidance to bespeak our 3rd 4th outperformance tempered by the uncertainties astir the user situation and tariff-related borderline pressures. With our almighty marque portfolio and best-in-class operating model, we are well-positioned to execute our fiscal 2026 outlook,” Goldfarb added.