G-III Apparel hit some bumps in Q2 2026. Sales dropped to $613 million. GAAP EPS landed at $0.25. Core brands held up, but expiring licenses and tariffs stung. The outlook? Not great. Full-year sales might hit $3.02 billion, down 5%. EPS? Somewhere between $2.55 and $2.75.

Gross margins took a beating. Down 230 basis points to 40.8%. Tariffs and product mix. Ouch. That $75 million tariff hit? It's gonna hurt in H2.

But hey, G-III's not sitting still. They're pushing hard on owned brands and digital. Donna Karan, Karl Lagerfeld Paris, DKNY? Doing well. Karl Lagerfeld? Over 30% growth in North America. Pretty impressive.

They're getting techie too. 3D design, AI automation. Seems like they're serious about this digital thing.

The big picture? Moving to owned brands and omnichannel tech. Sounds smart. Less reliance on those unpredictable licensed businesses. They're carefully wrapping up Calvin Klein and Tommy Hilfiger licenses. Gotta protect those margins.

Looking forward, it's a mixed bag. Overall sales might dip 5%, but owned brands? Could grow mid-single digits. Not bad.

Cash position? Strong at $286 million. Gives them some breathing room.

G-III's on a wild ride through fashion land. Adapting, focusing on strengths, eyeing future growth. The retail world's always changing. Let's see how they fare.