G III Apparel Group Ltd.

REPORTS SECOND QUARTER FISCAL 2026 RESULTS; PROVIDES UPDATED FISCAL 2026 OUTLOOK Net Income Per Diluted Share of $0.25 and Net Sales of $613.3 Million for the Second Quarter, Both Exceeding Guidance Repurchases of $24.6 Million or 1,140,988 Shares in the Second Quarter Maintains Strong Cash and Availability Position Provides Updated Fiscal 2026 Guidance New York, New York September 4, 2025 G-III Apparel Group, Ltd.

SEC original ↗G III Apparel Group Ltd. — Earnings release (8-K exhibit)EX-99Sep 4, 2025

Total debt decreased 96% to $15.5 million this year compared to $414.0 million last year.

SEC original ↗G III Apparel Group Ltd. — Earnings release (8-K exhibit)EX-99Sep 4, 2025

The payment was made with cash on hand and borrowings from the revolving credit facility.

SEC original ↗G III Apparel Group Ltd. — Earnings release (8-K exhibit)EX-99Sep 4, 2025

Capital Allocation Share repurchases of 1,140,988 for $24.6 million were made in the second quarter ended July 31, 2025.

SEC original ↗G III Apparel Group Ltd. — Earnings release (8-K exhibit)EX-99Sep 4, 2025

In circumstances where the Company is aware of a specific customer s inability to meet its financial obligations (such as in the case of bankruptcy filings (including potential bankruptcy filings), extensive delay in payment or substantial downgrading by credit rating agencies), a specific reserve for bad debt is recorded against amounts due from that customer to reduce the net recognized receivable to the amount reasonably expected to be collected.

SEC original ↗G III Apparel Group Ltd. — 10-Q Quarterly report10-QSep 8, 2026

The carrying amount of the Company s variable rate debt approximates the fair value, as interest rates change with market rates.

SEC original ↗G III Apparel Group Ltd. — 10-Q Quarterly report10-QSep 8, 2026

These results highlight our ability to execute on strategic priorities and leverage our powerful corporate platform to maximize the full potential of our globally recognized brands.

SEC original ↗G III Apparel Group Ltd. — Earnings release (8-K exhibit)EX-99Sep 4, 2025

Our strong balance sheet and dynamic business model provides the flexibility to invest in our brands as well as pursue strategic opportunities to drive long-term growth and shareholder value.

SEC original ↗G III Apparel Group Ltd. — Earnings release (8-K exhibit)EX-99Sep 4, 2025

This has been partially offset through vendor participation, strategic sourcing shifts and targeted price increases.

SEC original ↗G III Apparel Group Ltd. — Earnings release (8-K exhibit)EX-99Sep 4, 2025

Goldfarb concluded, Looking ahead, we have updated fiscal 2026 guidance to reflect the current macro environment, a more cautious outlook from our retail partners, as well as the impact of tariffs on our top and bottom lines.

SEC original ↗G III Apparel Group Ltd. — Earnings release (8-K exhibit)EX-99Sep 4, 2025

We are actively mitigating tariff pressures through a combination of vendor participation, selective sourcing shifts, and targeted price increases.

SEC original ↗G III Apparel Group Ltd. — Earnings release (8-K exhibit)EX-99Sep 4, 2025

Outlook The Company has provided guidance for fiscal 2026, which reflects the current macro environment, a more cautious outlook from our retail partners, as well as the impact of tariffs on our top and bottom lines.

SEC original ↗G III Apparel Group Ltd. — Earnings release (8-K exhibit)EX-99Sep 4, 2025

Based on current tariff rates, the Company anticipates a total incremental tariff cost of approximately $155 million.

SEC original ↗G III Apparel Group Ltd. — Earnings release (8-K exhibit)EX-99Sep 4, 2025

(2) The wholesale operations segment includes reductions of $ 6.8 million and $ 126.4 million in cost of goods sold during the three and six months ended July 31, 2026, respectively, resulting from the tariff refund receivable.

SEC original ↗G III Apparel Group Ltd. — 10-Q Quarterly report10-QSep 8, 2026

See Note 12 IEEPA Tariff Refund.

SEC original ↗G III Apparel Group Ltd. — 10-Q Quarterly report10-QSep 8, 2026