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G III Apparel Group (GIII) earnings and revenue breakdown

Latest: Q2 FY27 · 10-Q filed Sep 8, 2026 · G III Apparel Group (GIII) Q2 FY27 earnings results →

Q2 FY27 Revenue down 10% year over year to $554M · 4¢ of every $1 of revenue kept as net profit · operating margin 2.0%

G III Apparel Group made $554M in Q2 FY27 (-10% Y/Y). Operating margin 2.0%, net earnings $20.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 8, 2026.

Revenue$554M
Year over year-10%
Operating margin2.0%
Net earnings$20.2M
Operating cash flow$181M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $554.1M in Q2 FY27, down 10% year over year and up 3% from the previous quarter.

Gross margin was 45.2%, up 4.3 points from Q2 FY26. Operating profit was $10.8M, a 2.0% margin (down 0.7 points year over year). Operating expenses grew 2% against a revenue fall of 10%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $20.2M, up 85% year over year. The effective tax rate was -43.5%. Non-operating items added $3.3M, 23% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was $180.7M (up 141% year over year), 894% of net earnings. Non-cash charges added back $8.2M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items added $145.5M. Capital expenditures of $9.1M left free cash flow of $171.6M.

Quarterly history

G III Apparel Group revenue by quarterG III Apparel Group revenue by quarter$840MQ4 FY25$584MQ1 FY26$613MQ2 FY26$989MQ3 FY26$771MQ4 FY26$536MQ1 FY27$554MQ2 FY27
G III Apparel Group net earnings by quarterG III Apparel Group net earnings by quarter$48.8MQ4 FY25$7.8MQ1 FY26$10.9MQ2 FY26$80.6MQ3 FY26−$31.9MQ4 FY26$66.5MQ1 FY27$20.2MQ2 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 FY2710-QSep 8, 2026$554M-10%2.0%$20.2M$181M
Q1 FY2710-QJun 8, 2026$536M-8%15.9%$66.5M−$2.0M
Q4 FY2610-KMar 24, 2026$771M-8%-3.8%−$31.9M$228M
Q3 FY2610-QDec 9, 2025$989M-9%11.4%$80.6M−$97.3M
Q2 FY2610-QSep 5, 2025$613M-5%2.7%$10.9M$75.1M
Q1 FY2610-QJun 6, 2025$584M-4%1.5%$7.8M$93.8M
Q4 FY2510-KMar 24, 2025$840M+10%8.5%$48.8M$333M

Charts

G III Apparel Group: revenue growth, year over year and quarter over quarterG III Apparel Group: revenue growth, year over year and quarter over quarterY/YQ/Q+10%Q4 FY25-4%-30%Q1 FY26-5%+5%Q2 FY26-9%+61%Q3 FY26-8%-22%Q4 FY26-8%-31%Q1 FY27-10%+3%Q2 FY27
Latest (Q2 FY27): Y/Y -10%, Q/Q +3%.
G III Apparel Group: where the cash came from (+) and went (−), TTM to Q2 FY27G III Apparel Group: where the cash came from (+) and went (−), TTM to Q2 FY27Operating cash flow$309MCash drawn (+) / kept (−)−$227MCapital spending−$34.4MTaxes on employees’ shares−$16.3MBuybacks−$13.4MOther financing−$12.7MNet borrowing (+) / repaid (−)−$7.0MExchange rates$2.2MOther investing−$26K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
G III Apparel Group: profit against cash, quarter by quarterG III Apparel Group: profit against cash, quarter by quarterNet incomeOperating cash flow$115M−$112MQ3 FY25$48.8M$333MQ4 FY25$7.8M$93.8MQ1 FY26$10.9M$75.1MQ2 FY26$80.6M−$97.3MQ3 FY26−$31.9M$228MQ4 FY26$66.5M−$2.0MQ1 FY27$20.2M$181MQ2 FY27
Latest (Q2 FY27): Net income $20.2M, Operating cash flow $181M.
G III Apparel Group: diluted shares by fiscal yearG III Apparel Group: diluted shares by fiscal year49MFY2150MFY2248MFY2347MFY2446MFY2545MFY26
-8.8% since FY21: buybacks shrank the count.
G III Apparel Group: long-term debt falling due (FY26)G III Apparel Group: long-term debt falling due (FY26)$7.1M2027$1.8M2028$1.6M2029$1.2M2030
Cash $407M, short-term investments —, long-term debt $4.6M at 2026-01-31.
G III Apparel Group in its industry: growth against margin (10 companies, SIC 2300)G III Apparel Group in its industry: growth against margin (10 companies, SIC 2300)revenue growth, year over year →↑ operating marginmedian +2%median 7%LULULEVIUAACOLMCRIFIGSSGCJRSHPMNTGIII (-10%, 2%)
Apparel & Other Finishd Prods of Fabrics & Similar Matl; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About G III Apparel Group

Unless the context otherwise requires, “G-III,” “Company,” “us,” “we” and “our” refer to G-III Apparel Group, Ltd. and its subsidiaries. References to fiscal years refer to the year ended or ending on January 31 of that year. For example, our fiscal year ended January 31, 2025 is referred to as “fiscal 2025.” G-III Apparel Group, Ltd. is a Delaware corporation that was formed in 1989. We and our predecessors have conducted our business since 1974.

In its own words, from its annual report, filed Mar 24, 2025.

G III Apparel Group against its Apparel & Other Finishd Prods of Fabrics & Similar Matl peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -10% against the peers' median +2%. Operating margin: 2.0% against the peers' median 7.4%.

CompanyQuarterRevenueY/YOp. margin
GIII G III Apparel GroupQ2 FY27$554M-10%2.0%
LULU lululemon athleticaQ2 FY27$2.4B-4%18.8%
LEVI Levi StraussQ3 FY26$1.6B+4%13.8%
UAA Under ArmourQ2 FY27$1.2B-7%1.2%
COLM Columbia SportswearQ3 2026$963M+2%11.4%
CRI Carter'sQ3 2026$752M-0.7%7.4%
FIGS FigsQ3 2026$191M+26%11.6%
SGC Superior Group of CompaniesQ2 2026$148M+3%0.8%
JRSH Jerash Holdings (US)Q1 FY27$50.2M+27%5.2%

Source: G III Apparel Group 10-Q on SEC EDGAR · CIK 821002 · Apparel & Other Finishd Prods of Fabrics & Similar Matl

13F: who owns GIII and who is buying

Largest holders of GIII (13F)Largest holders of GIII (13F)BlackRock$233MVanguard Group$127MDimensional Fund Advisors LP$96.7MVanguard Portfolio Management LLC$81.1MAmerican Century Companies$63.5MVanguard Capital Management LLC$53.8MState Street$50.2MGeode Capital Management, LLC$35.4MMorgan Stanley$28.7MBragg Financial Advisors$25.6M
Funds' net buying of GIII by quarter (13F)Funds' net buying of GIII by quarter (13F)−$4.5M2024-09−$3.3M2024-12−$42.8M2025-03$848K2025-06−$43.6M2025-09−$22.6M2025-12−$14.0M2026-03$13.7M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on GIII

History

Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results

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