India, June 6 -- G-III Apparel Group, Ltd. (GII), a clothing company, said on Friday that it expects a decline in earnings and sales for the second quarter, hurt by supply chain challenges and timing shifts in certain programs into the second half.
For the second quarter of fiscal 2026, the company expects net income of $1 million to $6 million, or $0.02 to $0.12 per share. For the second quarter of fiscal 2025, G-III had posted net earnings of $24.2 million, or $0.53 per share.
For the second quarter, the Group projects sales of approximately $570 million, lower than $644.8 million of last year's second quarter.
For fiscal 2026, citing uncertainty around tariffs and related macroeconomic conditions, G-III Apparel has withdrawn its earni...