G-III Apparel Group reported second-quarter adjusted earnings of $0.26 per share, above the $0.19 consensus estimate, while sales fell 10% year over year to $554.09 million, or $554.1 million, below the $568.41 million forecast and down from $613.3 million. Economic weakness in Europe and the continued exit from the Calvin Klein and Tommy Hilfiger licenses weighed on demand. Telsey Advisory subsequently cut its price target from $38 to $32, citing mixed results and challenges integrating Marc Jacobs; its assessment also referenced GAAP net income without providing an amount. G-III expects the license exits to eliminate about $460 million in fiscal 2027 sales, while its go-forward portfolio is expected to replace about $700 million of lost revenue by fiscal 2027, excluding Marc Jacobs. The completed Marc Jacobs acquisition is projected to generate about $360 million in global sales this year and potentially reach $1 billion annually. Third-quarter adjusted earnings are forecast at $1.35 to $1.45 per share and sales at about $870 million, both below analyst estimates. G-III shares fell 9.79% to $29.02 at publication.