The non-GAAP net income for FY26 is expected to be between $192.0 million and $197.0 million, or diluted EPS between $4.15 and $4.25. The adjusted EBITDA for FY26 is expected to be between $310.0 million and $315.0 million and net interest expense is expected to be approximately $9.0 million.
G-III Apparel Group has forecast net sales of $3.14 billion in FY26, with net income between $192-$197 million and EPS of $4.15-$4.25.
Q1 FY26 sales are expected at $580 million, down from $609.7 million in Q1 FY25.
FY25 net sales grew 2.7 per cent to $3.18 billion, with record non-GAAP EPS of $4.42.
CEO Morris Goldfarb highlighted strong brand momentum and strategic growth.
The company’s net sales for the first quarter (Q1) of FY26 are expected to reach $580.0 million, compared to net sales of $609.7 million in the first quarter (Q1) of fiscal 2025 (FY25). Meanwhile, the net income is expected to be between $2.0 million and $7.0 million, or diluted EPS between $0.05 and $0.15, compared to net income of $5.8 million, or $0.12 per diluted share in Q1 FY25.
Full fiscal 2025 financial performance
The group’s net sales increased by 2.7 per cent year-over-year (YoY) for fiscal 2025 (FY25) ended January 31, 2025, to $3.18 billion. The net income for the company rose to $193.6 million, or $4.20 per diluted share. On a non-GAAP basis, net income per diluted share was $4.42, after adjusting for various one-time charges, including asset impairments of $8.2 million, severance expenses of $1.9 million from a warehouse closure, and a $1.6 million write-off of deferred financing costs linked to the redemption of senior secured notes.
The figures also reflect a $0.6 million gains from liability forgiveness related to the DKNY China acquisition and the absence of prior-year costs such as the $6.1 million incentive compensation for the Karl Lagerfeld transaction, $3.8 million non-cash imputed interest from the seller note, and $3.1 million in one-time expenses tied to DKNY China, G-III said in a press release.
“Fiscal 2025 was an incredible year, marked by robust top and bottom-line growth. Our teams demonstrated strong execution of our strategic priorities, including bringing four new brands to market and driving outsized growth of our owned brands. We delivered record non-GAAP earnings per diluted share of $4.42, a 9 per cent increase over last year and above our expectations, while also expanding gross margins. These results were achieved despite a very challenging operating environment,” said Morris Goldfarb, chairman and chief executive officer (CEO) at G-III.
“We are confident in the power of our brands and business model. We believe the momentum of our key owned brands DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin will continue to deliver double-digit sales increases. This growth will help offset the reduced sales of our Calvin Klein and Tommy Hilfiger businesses as we transition out of those licenses. Our strong financial position, together with our proven track record, provides us with ample flexibility to invest in our future. G-III is undergoing an incredible transformation, and we are committed to delivering long-term growth and creating shareholder value,” added Goldfarb.
Fourth quarter (Q4) financial
For the fourth quarter (Q4) of FY25, net sales increased by 9.8 per cent YoY to $839.5 million. The net income rose significantly to $48.8 million, or $1.07 per diluted share.
Fibre2Fashion News Desk (SG)
