NEW YORK, June 3, 2026, 14:28 (EDT)
G-III Apparel Group shares slipped nearly 1% Wednesday afternoon on Nasdaq as investors waited for the DKNY parent to post first-quarter fiscal 2027 earnings later this week and offer new details on its portfolio changes.
The stock last changed hands at $32.26, off from its previous close at $32.58. It opened at $32.55. Volume was thin, with about 165,000 shares moving in the last check. The company had a market cap near $1.43 billion.
G-III is set to report first-quarter fiscal 2027 results before Friday’s open, with a management call for investors at 8:30 a.m. ET.
G-III is moving away from Calvin Klein and Tommy Hilfiger licenses it had with PVH, and now the focus is on whether it can fill that sales gap and handle early costs from Marc Jacobs. The company put first-quarter sales at about $530 million in March, down from $583.6 million for the same period last year.
G-III projected in March that it would see about $2.71 billion in fiscal 2027 sales, factoring in a $470 million drop from losing Calvin Klein and Tommy Hilfiger products. CEO Morris Goldfarb said the business was “building on the momentum” of brands it plans to keep, and forecast these brands to post growth in the high-single-digit range, or a high single-digit percentage. GlobeNewswire
Marc Jacobs is the main swing factor here. Last month, G-III and WHP Global reached a deal to set up a 50/50 joint venture for the Marc Jacobs brand. G-III will buy and run the operating business, while WHP takes on licensing. G-III said it plans to put about $500 million into the deal, using cash and loans from its revolving credit line, which is a type of bank facility companies use when they need quick funds.
Goldfarb called Marc Jacobs “one of the most influential names in fashion” and said the move “accelerates our transformation efforts.” The company said the deal will be dilutive for the first year after closing, cutting earnings per share initially. It is expected to turn accretive later on, adding to earnings. GlobeNewswire
LVMH’s sale of Marc Jacobs to WHP and G-III ends almost 30 years with the French luxury house, Reuters said. Brittain Ladd, a supply-chain consultant, told Reuters the move fits a model focused on “owning the IP, licensing aggressively and keeping operations lean.” IP refers to brand rights. Reuters
Peer action was split. Tapestry was down 0.1%, Ralph Lauren dropped 1%. PVH jumped 2.4%. The S&P 500, as tracked by the SPDR S&P 500 ETF Trust, eased 0.6%.
G-III is keeping capital returns on the table as it transitions. The board declared a 10-cent quarterly cash dividend last week, set for payment on July 8 to shareholders of record as of June 22. This dividend will be paid directly to shareholders.
The risk is the next update could disappoint. The Marc Jacobs deal isn’t done yet—closing conditions and regulatory sign-offs are still pending. G-III has already flagged in securities filings that acquisitions can mean extra integration costs, possible approval delays, changing customer demand and other bumps. If consumers pull back, tariffs rise or PVH-related sales take longer to replace, G-III may have less margin for error.
