The stock surged nearly 7%, as high short interest—exceeding 21% of the float—likely acted as a catalyst, amplifying buying pressure and accelerating the rally.
The company has a short float of 6.14 million shares, representing 21.64% of its publicly traded float, indicating a relatively high level of short interest among investors betting against the stock.
G-III Apparel First-Quarter Results Beat Expectations
The company reported an adjusted loss of 21 cents per share, beating analysts’ expectations for a loss of 30 cents per share. Revenue totaled $535.96 million, ahead of the consensus estimate of $529.92 million.
Sales declined 8% from a year earlier but exceeded the company’s guidance of about $530 million. The decline primarily reflected G-III’s planned exit from the Calvin Klein and Tommy Hilfiger businesses, which previously generated roughly $470 million in annual revenue.
Adjusted gross margin expanded 350 basis points year over year to 45.7%. The improvement was driven by higher full-price selling, a greater mix of higher-margin owned brands, disciplined inventory management and actions taken to mitigate tariff-related costs.
Executive Commentary
G-III Apparel Group Chairman and CEO Morris Goldfarb said the company remains financially ...
