G-III Apparel Reports 7% Sales Drop in Fiscal 2026 Amid PVH License Wind-Down

G-III Apparel Group reported a 7 percent decline in sales for fiscal 2026, with revenue falling to $2.96 billion as the company continued to feel the impact of phasing out its licensed brands from PVH, including Calvin Klein and Tommy Hilfiger. The New York-based fashion company said the reduction of PVH-licensed products resulted in a sales loss of approximately $254 million for the fiscal year ending January 31.

Despite the decline, G-III saw mid-single-digit growth across its owned brand portfolio, which includes DKNY, Karl Lagerfeld, Vilebrequin, Donna Karan, G.H. Bass, and Sonia Rykiel. However, net income dropped sharply to $67.4 million, or $1.51 per diluted share, compared with $193.6 million, or $4.20 per diluted share, in the previous year.

In the fourth quarter, sales fell 8.1 percent to $771.5 million as the company reported a net loss of $31.9 million, or $0.76 per share, compared to net income of $48.8 million, or $1.07 per diluted share, in the same period last year. Chairman and CEO Morris Goldfarb said fiscal 2026 marked a pivotal year for the company, highlighting strong performance from its owned brands despite a challenging environment. Looking ahead, G-III expects fiscal 2027 sales to reach approximately $2.71 billion, reflecting the anticipated loss of $470 million in revenue from Calvin Klein and Tommy Hilfiger products.

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