G-III Apparel Group, Ltd. (GIII) SEC Filings & Earnings Calls

License expiration concentration

“Our licenses for Calvin Klein and Tommy Hilfiger products expire on a staggered basis, with expirations that began on December 31, 2024 and continue through December 31, 2026.” · word for word

Tariff uncertainty

“While the elimination of IEEPA tariffs is expected to have a favorable impact on gross margin, the Section 301 tariffs that became effective in July 2026, as well as any additional tariffs or trade restrictions that may be imposed in the future, may offset such benefits and could adversely affect our financial results.”

Customer concentration

“Our significant customer concentration, and the risk that the loss of one of our largest customers could adversely affect our business” · word for word

Litigation with PVH Corp.

“On June 13, 2025, the Company filed a complaint against PVH Corp. and two of its subsidiaries ... for breach of contract, breach of the implied covenant of good faith and fair dealing, and tortious interference with contract”

Tariff exposure remains a risk; guidance assumes current rates.

“Guidance assumes that tariffs for the remainder of the year will approximate current rates.” · word for word

Marc Jacobs acquisition expected to be slightly dilutive in FY2027.

“The Company believes the acquisition will be slightly dilutive in fiscal 2027.” · word for word

License Expiration Risk

“The Calvin Klein and Tommy Hilfiger licenses that expired in fiscal 2026 or have expirations in our fiscal 2027 year contributed $827M or 29% of fiscal 2026 net sales.” · word for word

Tariff Uncertainty

“While the elimination of IEEPA tariffs is expected to have a favorable impact on gross margin, the imposition of additional tariffs, including those under Section 122 and potential measures arising from Section 301 actions, may offset such benefits.” · word for word

Customer Concentration

“Net sales of products under the Calvin Klein and Tommy Hilfiger brands constituted approximately 28.0% of our net sales in fiscal 2026.” · word for word

Integration risk and execution risk from acquiring a large luxury brand; antitrust approvals required.

“Closing is subject to customary conditions, including ... receipt of required antitrust approvals” · word for word

PVH License Termination Execution Risk

“We expect net sales of Calvin Klein and Tommy Hilfiger products to decline by approximately $470 million in fiscal 2027 before rolling off completely in fiscal 2028.” · word for word

Tariff Policy Uncertainty

“Gross margins for the year were 39.4% compared to 40.8% last year, reflecting approximately $65 million of unmitigated impact from tariffs.” · word for word

Customer Concentration / Saks Global Bankruptcy

“Non-GAAP Diluted Net Income Per Share $2.61 Includes the negative impact of $0.30 per share from the Saks Global bankruptcy” · word for word

Succession / Key Person Dependency

“The continued retention of the next generation of senior leadership is one of the Board's highest priorities, given the challenges created by the long-term loss of the licenses for Calvin Klein and Tommy Hilfiger products” · word for word

Trademark Impairment Risk

“A significant decline in our stock price and market capitalization or deterioration in our projected results could result in an impairment of our trademarks and/or other intangibles” · word for word

Interest Rate Risk

“Assuming all revolving loans were fully drawn under the ABL Credit Agreement, each one percentage point change in interest rates would result in a $7.0 million change in annual cash interest expense under the ABL Credit Agreement.” · word for word

Covenant Compliance Risk

“A violation of our covenants could limit access to our credit facilities.”

Bad debt expense from Saks Global bankruptcy impacted earnings by $0.30 per share.

“results include $17.5 million of bad debt expense, primarily tied to the bankruptcy of Saks Global, or the equivalent of $0.30 per diluted share, net of tax.” · word for word

Lost sales from PVH brands (Calvin Klein, Tommy Hilfiger) of $254 million in FY2026; exiting these businesses will continue to impact FY2027.

“Fiscal 2026 Net Sales Impacted by Lost Sales From PVH Brands of $254 Million” · word for word

Key person dependency on current executives; succession planning may not fully mitigate leadership transition risk.

“RSU awards focus on next-generation leaders; current named executive officers did not receive awards, indicating potential reliance on a few individuals.”

Tariff-related margin pressure; gross impact $135M, net unmitigated $65M.

“Company anticipates gross impact of tariffs ~$135M; remaining unmitigated impact $65M.”

Consumer environment uncertainty; sales guidance lowered slightly.

“Net sales guidance reduced from $3.02B to $2.98B due to consumer and tariff uncertainties.”

License expiration concentration

“Net sales of products under the Calvin Klein and Tommy Hilfiger brands constituted approximately 34.0% of our net sales in fiscal 2025 and approximately 41.0% of our net sales in fiscal 2024.” · word for word

Tariff cost pressure

“The gross profit percentage in the current year period decreased due to the impact of tariffs.” · word for word

Litigation with PVH

“On June 13, 2025, we filed a complaint against PVH Corp. ... for breach of contract, breach of the implied covenant of good faith and fair dealing, and tortious interference with contract.” · word for word

Customer concentration

“Our significant customer concentration, and the risk that the loss of one of our largest customers could adversely affect our business.” · word for word