G-III Apparel Analysts Slash Their Forecasts After Q1 Results
1. G-III's EPS of 19 cents beat estimates by 7 cents. 2. Sales decreased 4% year-over-year, but still surpassed expectations. 3. Tariffs lead to a $135 million hit, prompting withdrawal of FY26 profit guidance. 4. Analysts adjusted price targets, showing mixed sentiments on G-III's outlook. 5. Stock dropped 2.7% to $21.90 post-earnings report.