GIII Investor Alert: G-III Apparel Group Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Allegedly Inflating Non-GAAP Earnings Figures: Levi & Korsinsky
Igår, 22:28
GIII Investor Alert: G-III Apparel Group Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Allegedly Inflating Non-GAAP Earnings Figures: Levi & Korsinsky
PR Newswire
NEW YORK, March 18, 2026
G-III Apparel Group Guided GAAP EPS to $2.72-$2.82 -- GAAP EPS Came in at $1.51
NEW YORK , March 18, 2026 /PRNewswire/ -- G-III Apparel Group (NASDAQ: GIII) shareholders lost approximately 11.4% of their investment today when shares dropped after the Company reported full-year GAAP earnings per share of $1.51 -- a figure that bore almost no resemblance to the $2.72-$2.82 GAAP EPS the Company had guided investors toward on December 9, 2025. Those who lost money on GIII are encouraged to submit their information now . You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
On the Q3 2026 earnings call, CFO Neal Nackman raised full-year GAAP EPS guidance to $2.72-$2.82 and non-GAAP EPS guidance to $2.80-$2.90. The actual GAAP result: $1.51 per diluted share. That is a gap of at least 1.21 per share by the lowest estimate; a divergence of roughly 44-45% between what investors were told and what the books showed.
The $45 million of fourth quarter non-cash impairment charges were reflected in the reported GAAP figures but absent from the projections management highlighted to investors throughout the period.
Shareholders who purchased GIII stock and suffered a loss are encouraged to click here to discuss their legal rights . You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
Levi & Korsinsky, LLP -- Top 50 securities litigation firm (ISS, seven consecutive years). Over 70 professionals. Hundreds of millions recovered.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
SOURCE Levi & Korsinsky
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GIII Investor Alert: G-III Apparel Group Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Allegedly Inflating Non-GAAP Earnings Figures: Levi & Korsinsky
Igår, 22:28
GIII Investor Alert: G-III Apparel Group Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Allegedly Inflating Non-GAAP Earnings Figures: Levi & Korsinsky
PR Newswire
NEW YORK, March 18, 2026
G-III Apparel Group Guided GAAP EPS to $2.72-$2.82 -- GAAP EPS Came in at $1.51
NEW YORK , March 18, 2026 /PRNewswire/ -- G-III Apparel Group (NASDAQ: GIII) shareholders lost approximately 11.4% of their investment today when shares dropped after the Company reported full-year GAAP earnings per share of $1.51 -- a figure that bore almost no resemblance to the $2.72-$2.82 GAAP EPS the Company had guided investors toward on December 9, 2025. Those who lost money on GIII are encouraged to submit their information now . You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
On the Q3 2026 earnings call, CFO Neal Nackman raised full-year GAAP EPS guidance to $2.72-$2.82 and non-GAAP EPS guidance to $2.80-$2.90. The actual GAAP result: $1.51 per diluted share. That is a gap of at least 1.21 per share by the lowest estimate; a divergence of roughly 44-45% between what investors were told and what the books showed.
The $45 million of fourth quarter non-cash impairment charges were reflected in the reported GAAP figures but absent from the projections management highlighted to investors throughout the period.
Shareholders who purchased GIII stock and suffered a loss are encouraged to click here to discuss their legal rights . You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
Levi & Korsinsky, LLP -- Top 50 securities litigation firm (ISS, seven consecutive years). Over 70 professionals. Hundreds of millions recovered.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
SOURCE Levi & Korsinsky
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