:max_bytes(150000):strip_icc()/GettyImages-1287528740-127950d8b6e447d6a9b72aa9c1dba858.jpg?w=1920&resize=1920,1248&ssl=1 "DKNY Owner G-III Warns of Tariff Impact on Profit, Withdraws Outlook")
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key takeaways
- The G-III apparel group warned that tariffs would increase by about $ 135 million this year.
- The owners of DKNY and Donna Karan brands withdrew their financial 2026 approaches to net income, non-GAAP net income and adjusted Ebitda.
- The company had more than the first quarter earnings and revenue forecasts.
G-III Apparel Group (GIII) shares fell by 15% on Friday when owners of DKNY and Donna Karan clothing warned that profit was hurt by American tariffs, and withdrawn their full year view.
The company hopes that the cost of goods imported into the country will be the result in the additional expenditure of about $ 135.0 million, which is currently expected to be weighted in the second half of the year, given the duties in the country. ” Because of this, the G-III drawn its approach to fiscal 2026 pure income, non-gaap net income and adjusted Ebitda that was provided in March.
CEO Morris Goldfarb stated that the company is confirming the expectation of its full-year sales of $ 3.14 billion, while G-Triya is working diligently to reduce the impact of tariffs. ” Goldfarb stated that the management team has a proven track record of successfully navigating the period of uncertainty, and we see the ongoing disruption as an opportunity to strengthen our competitive position and capture the incremental market share. ”
The result of Q1 is the result of the expectations of the top analysts
This news compensates for the company’s first quarter performance of a strong financial 2026. The G-III posted an adjusted income of $ 0.19 on net sales, declining year-to-year, which has increased to $ 583.6 million year-to-year, but also tops the forecast of unanimous analysts surveyed by visible alpha.
Shares of the G-III apparel group lost more than a quarter of their value in 2025.
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