G-III Apparel Group, Ltd. Reports Second Quarter Fiscal 2026 Results; Provides Updated Fiscal 2026 Outlook
1. G-III's Q2 net sales decreased 5% to $613.3 million. 2. Net income per diluted share fell to $0.25 from $0.53. 3. The company repurchased 1.14 million shares for $24.6 million. 4. Fiscal 2026 guidance projects net sales of $3.02 billion. 5. Tariff pressures are expected to impact earnings significantly.