G-III Apparel Group's stock plummeted 13.43% in pre-market trading following the release of disappointing fourth-quarter results and a weaker-than-expected outlook for the coming fiscal year.

The apparel company reported quarterly earnings of $0.30 per share, missing the analyst consensus estimate of $0.59 by 48.98 percent. Quarterly sales of $771.488 million also fell short of the $791.985 million estimate. The company posted a net loss of $31.9 million for the quarter, which included $45 million in non-cash asset impairment charges and $17.5 million of bad debt expense tied mainly to the Saks Global bankruptcy.

For the full fiscal year 2026, net income fell 65% to $67.4 million, with the company citing $254 million of lost sales from PVH brands as a contributing factor. Looking ahead, G-III provided guidance for fiscal 2027 that fell below analyst expectations, forecasting adjusted EPS of $2.00 to $2.10 compared to the FactSet estimate of $2.93. The company also expects a net loss for the first quarter of fiscal 2027.