G-III Forecasts Fiscal 2027 EPS and Targets $1B Marc Jacobs Revenue
G-III Apparel Group has forecasted non-GAAP EPS of $2.15-$2.25 for fiscal 2027 and is targeting $1 billion in Marc Jacobs revenue long term.
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G-III Apparel Group has forecasted non-GAAP EPS of $2.15-$2.25 for fiscal 2027 and is targeting $1 billion in Marc Jacobs revenue long term.
LVMH is streamlining its portfolio through an $850 million sale of assets to WHP and G-III Apparel.
Luxury conglomerate LVMH has announced its intention to sell the Marc Jacobs brand to WHP Global and G-III Apparel Group in a deal valued at $850 million. This transaction marks a significant shift in the ownership of the fashion label.
Citi has lowered its price target for Kohl's to $14 from $20, reflecting a revised valuation for the retail company's stock.
G-III Apparel Group's stock experienced a decline today, with reasons for the fall being analyzed by investors.
Ollie's Bargain Outlet has released highlights from its fourth-quarter earnings call, detailing the company's financial performance for the period, following an earlier preview of its Q4 2026 earnings.
G-III Apparel reported a non-GAAP EPS of -$0.20, beating estimates by $0.10, with revenue of $536M surpassing expectations by $6.07M. ABM Industries also exceeded forecasts with a non-GAAP EPS of $0.90, beating by $0.02, and revenue of $2.3B, beating by $90M.

French luxury group LVMH has sold its fashion house Marc Jacobs to American companies WHP Global and G-III Apparel Group, both of which already own several other fashion brands.
A legal dispute, dubbed 'Bad Blood,' has emerged between G-III Apparel Group and PVH Corp., indicating ongoing litigation between the two fashion companies.
G-III Apparel reported missing both top-line and bottom-line estimates for its latest quarter and subsequently issued its financial outlook for the first quarter and full fiscal year 2026. The company's stock sank further following news of Saks' bankruptcy and fallout related to Calvin Klein and Tommy Hilfiger.
An earnings preview has been released for G-III Apparel Group's first quarter of fiscal year 2027.

Luxury conglomerate LVMH has sold its Marc Jacobs fashion brand to US investment firm WHP Global. The transaction, reportedly valued at up to $1 billion, will see founder Marc Jacobs remain as the creative director.
UBS has maintained its 'Neutral' rating for G-III Apparel Group, Ltd. (GIII), reflecting an unchanged perspective on the company's stock.
G-III Apparel Group reported earnings that missed its fiscal year 2026 targets, citing declining sales and a weakened outlook.
G-III Apparel Group has published the transcript of its fourth-quarter 2026 earnings call, providing details on the company's financial performance.