1. G-III Apparel raised tariff expense estimates by $135 million this year. 2. The company withdrew its full-year outlook for fiscal 2026. 3. G-III's Q1 earnings exceeded analyst forecasts despite a revenue decline. 4. CEO emphasized plans to mitigate tariff impacts and maintain sales expectations. 5. Shares dropped 15% on tariff warnings amid an overall 2025 value decline.
The significant tariff expense and outlook withdrawal harm investor confidence, akin to previous market reactions to similar tariff announcements faced by apparel companies such as Levi's, which experienced stock volatility due to tariff impacts.
The article details significant cost impacts and future guidance alterations, directly affecting investor sentiment and GIII's operational outlook.
The immediate market response is based on tariff impacts for 2025, with longer-term outlooks dependent on stabilizing geopolitics and potential recovery strategies.