G-III Apparel Issues Q3 Guidance and Completes $500M Marc Jacobs Deal

Key Facts

1G-III Apparel expects third-quarter diluted earnings per share to range from USD 1.35 to USD 1.45.

2The company recently completed a USD 500.0 million Marc Jacobs transaction.

3Q2 sales decreased to USD 554.09 million year-over-year, although net income increased.

G-III Apparel expects third-quarter diluted earnings per share to range from USD 1.35 to USD 1.45, according to company guidance reported by AD HOC NEWS. The company also confirmed the recent completion of a USD 500.0 million Marc Jacobs transaction. While net income increased, Q2 sales decreased to USD 554.09 million on a year-over-year basis.

GIII closed at $27.57 on October 1, 2026, having reached a day high of $27.65 and a low of $26.83. The forward-looking guidance follows a period of mixed financial performance, where total sales fell compared to the previous year even as the company finalized its major strategic investment and reported growth in net income.