G-III Apparel Q2 FY2027业绩混合：EPS超预期但收入不及预期，Q3指引显著低于共识

G-III Apparel press release ( GIII ): Q2 Non-GAAP EPS of $0.26 beats by $0.03 . Revenue of $554.1M (-9.7% Y/Y) misses by $16.27M . Fiscal 2027 Net sales for fiscal 2027 are expected to be approximately $2.71 billion vs $2.71B consensus, which incorporates the loss of approximately $460 million of sales from Calvin Klein and Tommy Hilfiger products. This compares to net sales of $2.96 billion for fiscal 2026. Net income is expected to be between $181.0 million and $185.0 million, or diluted earnings per share between $4.10 and $4.20. This compares to net income of $67.4 million, or $1.51 per diluted share for fiscal 2026. Non-GAAP net income is expected to be between $97.0 million and $101.0 million, or diluted earnings per share between $2.20 and $2.30 vs $2.22 consensus. This compares to non-GAAP net income of $116.2 million, or diluted earnings per share of $2.61 for fiscal 2026. Adjusted EBITDA is expected to be between $174.0 million and $178.0 million compared to adjusted EBITDA of $192.4 million in fiscal 2026. Net interest income is expected to be approximately $8.0 million for GAAP purposes and $5.0 million for non-GAAP purposes. Tax rates are estimated to be approximately 25.2% for GAAP purposes and 32.2% for non-GAAP purposes. Third Quarter Fiscal 2027 Net sales for the third quarter of fiscal 2027 are expected to be approximately $870.0 million vs $898.9B consensus. This compares to net sales of $988.6 million in last year’s third quarter. Net income for the third quarter of fiscal 2027 is expected to be between $59.0 million and $64.0 million, or diluted earnings per share between $1.35 and $1.45 vs $1.74 consensus. This compares to GAAP net income of $80.6 million, or $1.84 per diluted share, and non-GAAP net income of $83.4 million, or $1.90 per diluted share in last year’s third quarter. Shares +1.3% PM.