Earnings Call Insights: G-III Apparel Group (GIII) Q4 2026 Management View CEO Morris Goldfarb stated that "Fiscal 2026 was a pivotal year for G-III," emphasizing the company's accelerated transition out of the Calvin Klein and Tommy Hilfiger businesses, and the strategic focus on owned and licensed brands. Goldfarb highlighted that, "excluding the impact of the Saks bankruptcy, full year EPS woul...
Earnings Call Insights: G-III Apparel Group (GIII) Q4 2026 Management View CEO Morris Goldfarb stated that "Fiscal 2026 was a pivotal year for G-III," emphasizing the company's accelerated transition out of the Calvin Klein and Tommy Hilfiger businesses, and the strategic focus on owned and licensed brands. Goldfarb highlighted that, "excluding the impact of the Saks bankruptcy, full year EPS would have exceeded the high end of our guidance." The CEO underlined that key owned brands—DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin—delivered mid-single-digit growth and now account for nearly 60% of revenue, up from about 50% last year. Goldfarb detailed product-level highlights: Donna Karan saw about 40% growth, Karl Lagerfeld achieved high single-digit growth, and DKNY reached approximately $650 million in reported net sales. The company ended the year with over $400 million in cash and $900 million in total liquidity, after returning more than $50 million to shareholders. The CEO also noted, “We are on track to return our North American retail segment to profitability in fiscal 2027” and outlined a $25 million cost savings initiative expected on a run-rate basis in fiscal 2028. CFO Neal Nackman stated, "Net sales for the fourth quarter ended January 31, 2026, were $771 million down 8% compared to $840 million in the same period last year," with a $17.5 million bad debt expense from the Saks bankruptcy impacting fourth quarter results. He added, "Non-GAAP net income for the fourth quarter was $13 million or $0.30 per diluted share compared to $58 million or $1.20 per diluted share in the previous year's fourth quarter." Outlook Management expects fiscal 2027 net sales of approximately $2.71 billion, reflecting an approximate $470 million reduction from expiring Calvin Klein and Tommy Hilfiger licenses. The go-forward business—comprising owned and other licensed brands—is projected to grow high single digits. Non-GAAP diluted EPS is guided between $2 and $2.10 for ...
Hong Kong stocks fell as the US-Iran war shows no signs of ending, with a hardline stance from both sides pushing oil prices up. The Hang Seng Index fell 0.5 per cent to 25,587 as of 9.40am. The Hang Seng Tech Index dropped 0.4 per cent. On the mainland, the CSI 300 Index was little changed and the Shanghai Composite Index shed 0.4 per cent. US President Donald Trump said in a social media post on...
Hong Kong stocks fell as the US-Iran war shows no signs of ending, with a hardline stance from both sides pushing oil prices up. The Hang Seng Index fell 0.5 per cent to 25,587 as of 9.40am. The Hang Seng Tech Index dropped 0.4 per cent. On the mainland, the CSI 300 Index was little changed and the Shanghai Composite Index shed 0.4 per cent. US President Donald Trump said in a social media post on Thursday that stopping Iran from having nuclear weapons and threatening the Middle East was of “far greater interest and importance to me”. Advertisement Iran’s new Supreme Leader Mojtaba Khamenei said in his first public comments since succeeding his father that Iran was studying the possibility of “opening other fronts in areas where the enemy has little experience and would be highly vulnerable”, without elaborating. Oil prices continued to remain elevated after falling earlier this week. Brent crude traded at US$100.22 a barrel and West Texas Intermediate stood at US$95.10. Advertisement Orient Overseas (International), the parent of one of the world’s largest container-shipping companies, led the fall, slumping 6.1 per cent to HK$144.60. Hong Kong’s MTR Corp lost 5.3 per cent to HK$32.78 after reporting a 6.9 per cent decline in net profit last year. HSBC Holdings fell 3.2 per cent to HK$124.80.
Last year’s deals boom put Japan on the priority list for bankers and investors, and momentum toward the end of the first quarter suggests 2026 could go a step better, even with the crisis in the Middle East . Leading the charge, the Toyota group has reached an agreement with Elliot Investment Management — after a standoff — to privatize Toyota Industries Corp. in a transaction valuing the company...
Last year’s deals boom put Japan on the priority list for bankers and investors, and momentum toward the end of the first quarter suggests 2026 could go a step better, even with the crisis in the Middle East . Leading the charge, the Toyota group has reached an agreement with Elliot Investment Management — after a standoff — to privatize Toyota Industries Corp. in a transaction valuing the company at $43 billion . That’s the biggest acquisition ever of a Japanese firm. Then there’s Tokyo-based SoftBank Group Corp., which has committed $30 billion to OpenAI’s $110 billion fundraising . These huge transactions have helped to give Japan one of its biggest quarterly hauls on record for deals, data compiled by Bloomberg show. “Japan is one of the most exciting and interesting markets globally right now and it will continue,” said Jan Metzger , co-head Asia Pacific investment banking at Citigroup Inc. Reforms to improve corporate governance and shareholder returns have encouraged inbound merger and acquisition activity, while Japanese companies also seek opportunities overseas. Private equity-led transactions and activism are on the rise, along with corporate carve-outs and take-private deals. Given the rise in transactions, Japan’s main banking lobby plans to establish risk management guidelines for lenders offering leveraged loans for M&A deals, according to people familiar with the matter. Transformative Times “Corporate Japan is transforming and the active inbound and outbound M&A markets, both in public and private M&A, are compelling evidence of that change,” said Tracy Whiriskey , a partner and global co-head of insurance at law firm Linklaters . “These factors are converging to unlock transactions that would have been inconceivable a decade ago — creating the conditions for a genuinely transformative year in Japanese M&A,” Tokyo-based Whiriskey said. Recent acquisitions by founding families and group companies, not least Toyota, have also increased, said Masakazu ...