G-III Apparel raises FY2027 guidance after Q1 beat; Marc Jacobs acquisition

G-III Apparel reported Q1 FY2027 net sales of $536M beating guidance with $1.50 diluted EPS, driven by a $77.9M tariff recovery benefit, and raised full-year earnings guidance. The company's planned acquisition of Marc Jacobs brand with WHP Global is expected to accelerate its transformation into a brand-led global powerhouse.