G-III Apparel jumps after annual profit forecast raise

Shares of Donna Karan parent G-III Apparel Group GIII.O up ~7% at $32.94 premarket
Co forecasts annual adjusted earnings per share between $2.80 and $2.90 vs prior range of $2.55 to $2.75

Co now expects a $65 million unmitigated impact from tariffs in fiscal 2026, lower from the $75 million estimated earlier

Co posts third-quarter adjusted profit of $1.90 per share beating analysts' estimate of $1.61 per share, according to data compiled by LSEG

Up to last close, GIII down about 9% YTD