G-III Apparel Group raised its FY27 earnings guidance after Q2 net income more than doubled to $20.2 million, despite a 10 per cent sales decline to $554.1 million.
Gross margin expanded 440 basis points to 45.2 per cent, while its go-forward portfolio grew at a high-single digit rate.
The Marc Jacobs acquisition and improved margins support its growth outlook.G-III Apparel Group raised its FY27 earnings guidance after Q2 net income more than doubled to $20.2 million, despite a 10 per cent sales decline to $554.1 million.
Gross margin expanded 440 basis points to 45.2 per cent, while its go-forward portfolio grew at a high-single digit rate.
The Marc Jacobs acquisition and improved margins support its growth outlook.
