G-III Apparel (GIII) Q2 2027 Earnings Call Transcript
Marc Jacobs acquisition drives margin expansion amid $1.2B license revenue headwind.
On the G-III Apparel Group's Second Quarter Fiscal 2027 Earnings Call, Chairman and Chief Executive Officer Morris Goldfarb reported strong results. Net sales of $554 million were slightly below expectations due to challenges in Europe. However, gross margin expanded by 440 basis points, driven by pricing, full-price selling, and a shift towards higher-margin owned brands.
Net income per diluted share for the quarter was $0.26, beating guidance of $0.15 to $0.25. The acquisition of Marc Jacobs was highlighted as a transformative milestone, enhancing the portfolio of brands and accelerating the evolution into a brand-led global apparel powerhouse.
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- G-III Apparel (GIII) Q2 2027 Earnings Call Transcript finance.yahoo.com
