Overview
U.S. fashion apparel firm's fiscal Q4 sales fell 8%, missing analyst expectations
Adjusted EPS for fiscal Q4 missed consensus, impacted by Saks Global bankruptcy bad debt expense
Company launched $25 mln cost savings initiative and returned over $50 mln to shareholders
Outlook
G-III expects fiscal 2027 net sales of about $2.71 bln, down from $2.96 bln in fiscal 2026
Company sees fiscal 2027 net income between $88 mln and $92 mln, or EPS of $2.00-$2.10
First-quarter fiscal 2027 net sales expected to be about $530 mln, with net loss of $(18)-(13) mln
Result Drivers
PVH BRAND EXITS - Co said loss of Calvin Klein and Tommy Hilfiger sales drove revenue decline
SAKS GLOBAL BANKRUPTCY - Bad debt expense tied to Saks Global bankruptcy reduced adjusted EPS
ASSET IMPAIRMENT CHARGES - Non-cash asset impairment charges weighed on Q4 profitability
Company press release: ID:nGNX3Cgdkb
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales | Miss | $771.50 mln | $791.99 mln (4 Analysts) |
Q4 Adjusted EPS | Miss | $0.30 | $0.59 (4 Analysts) |
Q4 Net Income | -$31.90 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories peer group is "buy"
Wall Street's median 12-month price target for G-III Apparel Group Ltd is $34.00, about 15% above its March 11 closing price of $29.57
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)