G III Apparel Group (GIII) Q2 FY2026 earnings: revenue $554 million, down 9.6% on the year

G III Apparel Group Ltd. (GIII) reported revenue of $554 million for Q2 FY2026, the quarter ended 31 July 2026, down 9.6% on the same quarter a year earlier. Net income was $20 million, up 84.8% on the year, and diluted earnings per share $0.46. The figures are the company's own, from the 10-Q it filed with the SEC on 8 September 2026.

Revenue$554 milliondown 9.6%

Net income$20 millionup 84.8%

Diluted EPS$0.46

QuarterQ2 FY2026ended 31 July 2026

What management said

Guidance figures: 5 raised, 3 lowered, 3 new, 1 kept.

Earnings exceeded guidance: GAAP net income per diluted share of $0.46 surpassed guidance range of $0.15-0.25. Non-GAAP net income per share was $0.26, compared to $0.25 prior year. Net income of $20.2 million versus $10.9 million year-over-year.
Gross margin expanded 440 basis points: Gross margin increased from 40.8% to 45.2%, a 440 basis point improvement, driven by price increases and continued mix shift toward higher-margin owned brands rather than lower-margin licensed products.
Go-forward portfolio grew high-single digits: The company's go-forward portfolio, representing owned brands and continuing licensed brands, grew at a high-single digit rate during the second quarter, reinforcing confidence in brand strength and market positioning.

Read the earnings call summary

The quarter, against the one before and a year earlier

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Revenue	554	536	613	-9.6%
Cost of revenue	304	188	363	-16.3%
Gross profit	250	348	250	-0.0%
Gross margin	45.2%	64.9%	40.8%
Selling, general and administrative	231	255	227	+2.0%
Operating income	10.8	85.2	16.3	-33.5%
Operating margin	2.0%	15.9%	2.7%
Pre-tax income	14.1	85.6	15.9	-11.4%
Income tax	-6.1	19.1	5.0	n/a
Effective tax rate	-43.5%	22.3%	31.2%
Net income	20.2	66.5	10.9	+84.8%
Net margin	3.6%	12.4%	1.8%
Diluted EPS	$0.46	$1.50	$0.25	+84.0%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Operating cash flow	181	-2.0	75.1	+140.7%
Capital expenditure	9.1	8.5	10.3	-11.9%
Free cash flow	172	-10.4	64.7	+165.1%
Free cash flow margin	31.0%	-1.9%	10.6%
Cash from investing	-9.1	-8.5	-10.3	n/a
Cash from financing	-36.1	-0.2	-28.6	n/a
Depreciation and amortisation	8.2	7.2	7.3	+11.9%
Share-based compensation	6.7	9.8	5.4	+23.8%
Buybacks	n/a	n/a	24.6	n/a
Dividends paid	4.3	4.2	n/a	n/a
Dividend per share	$0.10	$0.10	n/a	n/a
Diluted shares, weighted	44m	44m	44m	+0.3%
Shares outstanding at period end	43m	42m	42m	+1.6%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Shareholders' equity	1,819	1,824	1,709	+6.5%
Debt	4.2	15.4	15.5	-73.0%
Operating lease liabilities	281	224	228	+23.6%
Other liabilities	647	522	739	-12.5%
Total liabilities and equity	2,752	2,585	2,691	+2.3%
Fixed assets	80.7	79.2	78.9	+2.3%
Cash and equivalents	529	394	302	+75.4%
Receivables	403	433	475	-15.1%
Inventory	555	418	640	-13.2%
Other assets	1,183	1,261	1,196	-1.0%
Total assets	2,752	2,585	2,691	+2.3%

Questions

What was G III Apparel Group's revenue in Q2 FY2026?

G III Apparel Group (GIII) reported revenue of $554 million for Q2 FY2026, the quarter ended 31 July 2026, down 9.6% on the same quarter a year earlier.

How much did G III Apparel Group earn in Q2 FY2026?

Net income for Q2 FY2026 was $20 million, up 84.8% on the year, and diluted earnings per share $0.46.

When did G III Apparel Group report Q2 FY2026 results?

G III Apparel Group filed its 10-Q for the quarter ended 31 July 2026 with the SEC on 8 September 2026.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	1,067	765	610	645	1,087	840	584	613	989	771	536	554
Cost of revenue	634	483	351	369	655	508	337	363	607	486	188	304
Gross profit	433	282	259	276	432	332	247	250	382	285	348	250
Gross margin	41%	37%	42%	43%	40%	40%	42%	41%	39%	37%	65%	45%
SG&A	236	221	237	229	259	245	231	227	260	260	255	231
Operating income	190	46.3	13.5	41.5	166	71.8	8.5	16.3	112	-29.1	85.2	10.8
Operating margin	18%	6%	2%	6%	15%	9%	1%	3%	11%	-4%	16%	2%
Pre-tax income	176	38.2	7.9	33.6	161	67.4	11.5	15.9	113	-30.2	85.6	14.1
Tax rate	28%	27%	29%	28%	29%	28%	32%	31%	29%	n/a	22%	-43%
Net income	128	28.9	5.8	24.2	115	48.8	7.8	10.9	80.6	-31.9	66.5	20.2
Net margin	12%	4%	1%	4%	11%	6%	1%	2%	8%	-4%	12%	4%
Diluted EPS	$2.74	$0.61	$0.12	$0.53	$2.55	$1.07	$0.17	$0.25	$1.84	-$0.76	$1.50	$0.46
Operating cash flow	13.8	361	45.5	49.3	-112	333	93.8	75.1	-97.3	228	-2.0	181
Capital expenditure	4.5	9.0	12.7	10.6	8.5	9.8	8.1	10.3	9.1	7.7	8.5	9.1
Free cash flow	9.3	352	32.8	38.8	-120	324	85.7	64.7	-106	220	-10.4	172
Buybacks	0.0	0.0	28.4	31.6	0.0	0.0	19.7	24.6	5.4	0.0	n/a	n/a
Dividends paid	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	4.2	4.3
Shares outstanding	46m	45m	45m	44m	44m	44m	43m	42m	42m	42m	42m	43m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 31 July 2026, filed 8 September 2026, accession 0001104659-26-105950: the filing on EDGAR. All of G III Apparel Group Ltd.'s filings: EDGAR company page.

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