Filing Flows › G III Apparel Group (GIII) › Q1 FY26
G III Apparel Group (GIII) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 6, 2025
G III Apparel Group (GIII) reported revenue of $584M for the first quarter fiscal 2026 (Q1 FY26), -4% from a year earlier and -30% from the quarter before. Operating margin was 1.5%, net earnings $7.8M (1.3% of revenue).
G III Apparel Group, Q1 FY26: revenue $584M (-4% year over year), operating margin 1.5%, net earnings $7.8M, operating cash flow $93.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $584M | -30% | -4% |
| Gross profit | $247M | -26% | -5% |
| Operating profit | $8.5M | -88% | -37% |
| Net earnings | $7.8M | -84% | +40% |
| Operating cash flow | $93.8M | -72% | +106% |
| Free cash flow | $85.7M | -74% | +162% |
What changed
Revenue was $583.6M in Q1 FY26, down 4% year over year and down 30% from the previous quarter.
Gross margin was 42.2%, down 0.2 points from a year earlier. Operating profit was $8.5M, a 1.5% margin (down 0.8 points year over year). Operating expenses fell 3% while revenue fell 4%. Net earnings were $7.8M, up 34% year over year. The effective tax rate was 32.4%. Non-operating items added $3.0M, 26% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $93.8M (up 106% year over year), 1209% of net earnings. Non-cash charges added back $6.6M of depreciation and amortization and $5.5M of share-based compensation. Working capital and other items added $73.9M. Capital expenditures of $8.1M left free cash flow of $85.7M.
Questions
What was G III Apparel Group's revenue in the first quarter fiscal 2026?
G III Apparel Group (GIII) reported revenue of $584M for the first quarter fiscal 2026 (Q1 FY26), -4% from a year earlier and -30% from the quarter before.
Was G III Apparel Group profitable in the first quarter fiscal 2026?
Operating profit was $8.5M (1.5% of revenue) and net earnings $7.8M.