G-III Apparel Group announced that its first quarter fiscal year 2026 (FY26) earnings exceeded the high end of its guidance, driven by strong growth in its key private labels DKNY, Karl Lagerfeld and Donna Karan.
G-III’s global portfolio of licensed, owned and private brands includes DKNY, Karl Lagerfeld and Donna Karan. Photo: IgorGolovniov/Shutterstock.
G-III’s first-quarter growth nearly offset revenue losses from its shuttered Calvin Klein jeans and sportswear licensing business.
The Company’s diluted earnings per share were $0.17 in the first quarter of fiscal 2026, and net income was $7.76 million, up from $0.12 per diluted share and net income of $5.80 million in the same quarter of the prior year.
In March, when G-III Apparel Group reported fourth-quarter and full-year results, the company forecast first-quarter net income of $2.0 million to $7.0 million, which would translate to diluted earnings per share in the range of $0.05 to $0.15.