By Nicholas G. Miller

G-III Apparel posted lower second-quarter sales and profit and said it expect an unmitigated tariff cost of $75 million.

The company reinstated its full-year earnings guidance after withdrawing it in June due to uncertainty around tariffs, but said it expected a total tariff cost for the year of $155 million, about half of which would be offset.

"We are actively mitigating tariff pressures through a combination of vendor participation, selective sourcing shifts, and targeted price increases," said Chief executive Morris Goldfarb.

The company posted net income of $10.9 million, or 25 cents a share, down from $24.2 million, or 53 cents a share, the year prior.

Adjusted earnings were 25 cents a share. Analysts were expecting 9 cents, according to FactSet.

G-III posted sales of $613.3 million, down from $644.8 million the year before. Wall Street was expecting $571.1 million.

It said it expects full-year earnings of $2.53 to $2.73 a share. It had forecast full-year earnings of $4.15 to $4.25 a share in March before withdrawing the guidance in June.

The company lowered its full-year sales forecast to $3.02 billion, down from $3.14 billion previously. Analysts had predicted full-year sales of $3.13 billion.

The company forecast third-quarter sales of $1.01 billion and earnings of $1.43 to $1.63 a share. Analysts forecast third-quarter sales of $1.1 billion and earnings of $1.88 a share.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

September 04, 2025 07:22 ET (11:22 GMT)

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