Apparel and Accessories Stocks Q3 Teardown: Stitch Fix (NASDAQ:SFIX) Vs The Rest

As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the apparel and accessories industry, including G-III and its peers.

Thanks to social media and the internet, not only are styles changing more frequently today than in decades past but also consumers are shifting the way they buy their goods, favoring omnichannel and e-commerce experiences. Some apparel and accessories companies have made concerted efforts to adapt while those who are slower to move may fall behind.

The 16 apparel and accessories stocks we track reported a strong Q3. As a group, revenues beat analysts’ consensus estimates by 2.1% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady as they are up 2.2% on average since the latest earnings results.

G-III

Founded as a small leather goods business, G-III is a fashion and apparel conglomerate with a diverse portfolio of brands.

G-III reported revenues of $988.6 million, down 9% year on year. This print fell short of analysts’ expectations by 2.3%. Overall, it was a mixed quarter for the company with a beat of analysts’ EPS estimates but a miss of analysts’ Wholesale revenue estimates.

Morris Goldfarb, G-III’s Chairman and Chief Executive Officer, said, “We delivered a strong third quarter with gross margins and earnings far exceeding our expectations. This was driven by the strength of our go-forward portfolio, particularly our owned brands, as well as a healthy mix of full-price sales and our mitigation efforts against tariffs. I am pleased with how our brands are resonating with consumers and encouraged by the solid demand we have seen throughout the holiday season to date.”

G-III scored the highest full-year guidance raise but had the weakest performance against analyst estimates and weakest performance against analyst estimates of the whole group. Still, the market seems discontent with the results. The stock is down 49.3% since reporting and currently trades at $29.19.

Best Q3: Figs

Rising to fame via TikTok and founded in 2013 by Heather Hasson and Trina Spear, Figs is a healthcare apparel company known for its stylish approach to medical attire and uniforms.

Figs reported revenues of $151.7 million, up 8.2% year on year, outperforming analysts’ expectations by 6.4%. The business had an incredible quarter with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

The market seems happy with the results as the stock is up 49.3% since reporting. It currently trades at $11.23.

Movado

With its watches displayed in 20 museums around the world, Movado is a watchmaking company with a portfolio of watch brands and accessories.

Movado reported revenues of $186.1 million, up 3.1% year on year, in line with analysts’ expectations. It was a softer quarter as it posted a significant miss of analysts’ EPS estimates.

Interestingly, the stock is up 7.4% since the results and currently trades at $20.86.

Read our full analysis of Movado’s results here.

ThredUp

Founded to revolutionize thrifting, ThredUp is a leading online fashion resale marketplace offering a wide selection of gently-used clothing and accessories.

ThredUp reported revenues of $82.16 million, up 33.6% year on year. This result topped analysts’ expectations by 5.9%. Overall, it was an exceptional quarter as it also produced a solid beat of analysts’ adjusted operating income estimates and full-year revenue guidance exceeding analysts’ expectations.

ThredUp scored the fastest revenue growth among its peers. The stock is down 25.8% since reporting and currently trades at $6.31.

Read our full, actionable report on ThredUp here, it’s free for active Edge members.

Ralph Lauren

Originally founded as a necktie company, Ralph Lauren is an iconic American fashion brand known for its classic and sophisticated style.

Ralph Lauren reported revenues of $2.01 billion, up 16.5% year on year. This print surpassed analysts’ expectations by 6.5%. It was a very strong quarter as it also recorded a solid beat of analysts’ constant currency revenue estimates and a solid beat of analysts’ revenue estimates.

Ralph Lauren achieved the biggest analyst estimates beat among its peers. The stock is up 13.1% since reporting and currently trades at $358.50.

Read our full, actionable report on Ralph Lauren here, it’s free for active Edge members.

Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Levi's and its peers.

Thanks to social media and the internet, not only are styles changing more frequently today than in decades past but also consumers are shifting the way they buy their goods, favoring omnichannel and e-commerce experiences. Some apparel and accessories companies have made concerted efforts to adapt while those who are slower to move may fall behind.

The 16 apparel and accessories stocks we track reported a strong Q3. As a group, revenues beat analysts’ consensus estimates by 2.1% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

Levi's

Credited for inventing the first pair of blue jeans in 1873, Levi's is an apparel company renowned for its iconic denim products and classic American style.

Levi's reported revenues of $1.54 billion, up 7% year on year. This print exceeded analysts’ expectations by 2.9%. Overall, it was a strong quarter for the company with a solid beat of analysts’ constant currency revenue estimates and a beat of analysts’ EPS estimates.

Unsurprisingly, the stock is down 16.3% since reporting and currently trades at $20.59.

Best Q3: Figs

Rising to fame via TikTok and founded in 2013 by Heather Hasson and Trina Spear, Figs is a healthcare apparel company known for its stylish approach to medical attire and uniforms.

Figs reported revenues of $151.7 million, up 8.2% year on year, outperforming analysts’ expectations by 6.4%. The business had an incredible quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

The market seems happy with the results as the stock is up 51% since reporting. It currently trades at $11.36.

Slowest Q3: Movado

With its watches displayed in 20 museums around the world, Movado is a watchmaking company with a portfolio of watch brands and accessories.

Movado reported revenues of $186.1 million, up 3.1% year on year, in line with analysts’ expectations. It was a softer quarter as it posted a significant miss of analysts’ EPS estimates.

Interestingly, the stock is up 6.2% since the results and currently trades at $20.64.

Read our full analysis of Movado’s results here.

Oxford Industries

The parent company of Tommy Bahama, Oxford Industries is a lifestyle fashion conglomerate with brands that embody outdoor happiness.

Oxford Industries reported revenues of $307.3 million, flat year on year. This result surpassed analysts’ expectations by 0.6%. Aside from that, it was a slower quarter as it recorded full-year EPS guidance missing analysts’ expectations significantly and EPS guidance for next quarter missing analysts’ expectations significantly.

The stock is down 15.5% since reporting and currently trades at $34.20.

Read our full, actionable report on Oxford Industries here, it’s free for active Edge members.

Columbia Sportswear

Originally founded as a hat store in 1938, Columbia Sportswear is a manufacturer of outerwear, sportswear, and footwear designed for outdoor enthusiasts.

Columbia Sportswear reported revenues of $943.4 million, up 1.3% year on year. This print beat analysts’ expectations by 2.7%. Zooming out, it was a slower quarter as it produced full-year EPS guidance missing analysts’ expectations significantly and a significant miss of analysts’ EPS estimates.

The stock is up 7% since reporting and currently trades at $55.12.

Read our full, actionable report on Columbia Sportswear here, it’s free for active Edge members.

The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how apparel and accessories stocks fared in Q3, starting with Figs .

Thanks to social media and the internet, not only are styles changing more frequently today than in decades past but also consumers are shifting the way they buy their goods, favoring omnichannel and e-commerce experiences. Some apparel and accessories companies have made concerted efforts to adapt while those who are slower to move may fall behind.

The 16 apparel and accessories stocks we track reported a strong Q3. As a group, revenues beat analysts’ consensus estimates by 2.1% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

Best Q3: Figs

Rising to fame via TikTok and founded in 2013 by Heather Hasson and Trina Spear, Figs is a healthcare apparel company known for its stylish approach to medical attire and uniforms.

Figs reported revenues of $151.7 million, up 8.2% year on year. This print exceeded analysts’ expectations by 6.4%. Overall, it was an incredible quarter for the company with a beat of analysts’ EPS and EBITDA estimates.

Interestingly, the stock is up 51% since reporting and currently trades at $11.36.

ThredUp

Founded to revolutionize thrifting, ThredUp is a leading online fashion resale marketplace offering a wide selection of gently-used clothing and accessories.

ThredUp reported revenues of $82.16 million, up 33.6% year on year, outperforming analysts’ expectations by 5.9%. The business had an exceptional quarter with a solid beat of analysts’ adjusted operating income estimates and full-year revenue guidance exceeding analysts’ expectations.

ThredUp pulled off the fastest revenue growth among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 24.8% since reporting. It currently trades at $6.40.

Slowest Q3: Movado

With its watches displayed in 20 museums around the world, Movado is a watchmaking company with a portfolio of watch brands and accessories.

Movado reported revenues of $186.1 million, up 3.1% year on year, in line with analysts’ expectations. It was a softer quarter as it posted a significant miss of analysts’ EPS estimates.

Interestingly, the stock is up 6.2% since the results and currently trades at $20.64.

Read our full analysis of Movado’s results here.

Ralph Lauren

Originally founded as a necktie company, Ralph Lauren is an iconic American fashion brand known for its classic and sophisticated style.

Ralph Lauren reported revenues of $2.01 billion, up 16.5% year on year. This number beat analysts’ expectations by 6.5%. Overall, it was a very strong quarter as it also recorded a solid beat of analysts’ constant currency revenue estimates and a solid beat of analysts’ revenue estimates.

Ralph Lauren delivered the biggest analyst estimates beat among its peers. The stock is up 11.7% since reporting and currently trades at $353.92.

Read our full, actionable report on Ralph Lauren here, it’s free for active Edge members.

VF Corp

Owner of The North Face, Vans, and Supreme, VF Corp is a clothing conglomerate specializing in branded lifestyle apparel, footwear, and accessories.

VF Corp reported revenues of $2.80 billion, up 1.6% year on year. This print surpassed analysts’ expectations by 2.4%. It was a strong quarter as it also put up a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

The stock is up 9% since reporting and currently trades at $18.10.

Read our full, actionable report on VF Corp here, it’s free for active Edge members.

Check out the companies making headlines yesterday:

Lucid : Luxury electric car manufacturer Lucid fell by 4.4% on Tuesday after prominent market commentator Jim Cramer recommended investors sell the stock. See our full article here.

Lamb Weston : Potato products company Lamb Weston fell by 2.6% on Tuesday after analysts continued to express concerns about the company's outlook, with several firms cutting their price targets. See our full article here.

Figs : Healthcare apparel company Figs fell by 3.7% on Tuesday after investors appeared to take profits following a recent run-up in the company's shares. See our full article here.

Dillard's : Department store chain Dillard’s rose by 3.4% on Tuesday after the stock appeared to stage a technical rebound following a sharp decline in the prior trading session. See our full article here.

Asana : Work management platform Asana fell by 6.1% on Tuesday after disclosures showed its Chief Operating Officer, Anne Raimondi, sold approximately $2.3 million worth of company stock. See our full article here.

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Peloton and the rest of the consumer discretionary stocks fared in Q3.

This sector includes everything from cable TV services to hotel stays to gym memberships. While diverse, the way people buy and experience these products is being upended by the internet and digitization. Consumer discretionary companies are working to adapt to secular trends such as streaming video, online marketplaces for lodging accommodations, and connected fitness. That discretionary purchases are, by definition, something consumers can give up makes it even more imperative for companies in the space to adapt.

The consumer discretionary stocks we track reported a satisfactory Q3. As a group, revenues along with next quarter’s revenue guidance were in line with analysts’ consensus estimates.

Luckily, consumer discretionary stocks have performed well with share prices up 25.2% on average since the latest earnings results.

Peloton

Started as a Kickstarter campaign, Peloton is a fitness technology company known for its at-home exercise equipment and interactive online workout classes.

Peloton reported revenues of $550.8 million, down 6% year on year. This print exceeded analysts’ expectations by 2.1%. Overall, it was a strong quarter for the company with a beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.

"In this quarter leading up to the launch of our new equipment lineup and Peloton IQ, our team once again demonstrated the power of disciplined execution and focus," said Peloton CEO Peter Stern.

Peloton delivered the weakest full-year guidance update of the whole group. Unsurprisingly, the stock is down 2% since reporting and currently trades at $6.25.

Best Q3: American Outdoor Brands

Spun off from Smith and Wesson in 2020, American Outdoor Brands is an outdoor and recreational products company that offers outdoor and shooting sports products but does not sell firearms themselves.

American Outdoor Brands reported revenues of $57.2 million, down 5% year on year, outperforming analysts’ expectations by 12.3%. The business had an incredible quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

The market seems happy with the results as the stock is up 8.1% since reporting. It currently trades at $8.35.

Weakest Q3: PlayStudios

Founded by a team of former gaming industry executives, PlayStudios offers free-to-play digital casino games.

PlayStudios reported revenues of $57.65 million, down 19.1% year on year, falling short of analysts’ expectations by 3%. It was a disappointing quarter as it posted a miss of analysts’ daily active users estimates and a significant miss of analysts’ adjusted operating income estimates.

As expected, the stock is down 23.4% since the results and currently trades at $0.70.

Read our full analysis of PlayStudios’s results here.

G-III

Founded as a small leather goods business, G-III is a fashion and apparel conglomerate with a diverse portfolio of brands.

G-III reported revenues of $988.6 million, down 9% year on year. This print missed analysts’ expectations by 2.3%. Zooming out, it was a mixed quarter as it also produced a beat of analysts’ EPS estimates but a miss of analysts’ Wholesale revenue estimates.

The stock is up 6.5% since reporting and currently trades at $31.59.

Read our full, actionable report on G-III here, it’s free for active Edge members.

fuboTV

Originally launched as a soccer streaming platform, fuboTV is a video streaming service specializing in live sports, news, and entertainment content.

fuboTV reported revenues of $377.2 million, down 2.3% year on year. This number topped analysts’ expectations by 4.9%. It was a stunning quarter as it also logged a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

The stock is down 30.6% since reporting and currently trades at $2.63.

Read our full, actionable report on fuboTV here, it’s free for active Edge members.

Wrapping up Q3 earnings, we look at the numbers and key takeaways for the apparel and accessories stocks, including Kontoor Brands and its peers.

Thanks to social media and the internet, not only are styles changing more frequently today than in decades past but also consumers are shifting the way they buy their goods, favoring omnichannel and e-commerce experiences. Some apparel and accessories companies have made concerted efforts to adapt while those who are slower to move may fall behind.

The 16 apparel and accessories stocks we track reported a strong Q3. As a group, revenues beat analysts’ consensus estimates by 2% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady as they are up 3.8% on average since the latest earnings results.

Kontoor Brands

Founded in 2019 after separating from VF Corporation, Kontoor Brands is a clothing company known for its high-quality denim products.

Kontoor Brands reported revenues of $853.2 million, up 27.3% year on year. This print was in line with analysts’ expectations, but overall, it was a mixed quarter for the company with a decent beat of analysts’ EBITDA estimates but constant currency revenue in line with analysts’ estimates.

“Our third quarter results exceeded expectations driven by the strength of our expanded brand portfolio, gross margin expansion, and operational execution,” said Scott Baxter, President, Chief Executive Officer and Chairman of the Board of Directors.

Unsurprisingly, the stock is down 20.9% since reporting and currently trades at $63.99.

Best Q3: Figs

Rising to fame via TikTok and founded in 2013 by Heather Hasson and Trina Spear, Figs is a healthcare apparel company known for its stylish approach to medical attire and uniforms.

Figs reported revenues of $151.7 million, up 8.2% year on year, outperforming analysts’ expectations by 6.4%. The business had an incredible quarter with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

The market seems happy with the results as the stock is up 54.1% since reporting. It currently trades at $11.59.

Slowest Q3: Movado

With its watches displayed in 20 museums around the world, Movado is a watchmaking company with a portfolio of watch brands and accessories.

Movado reported revenues of $186.1 million, up 3.1% year on year, in line with analysts’ expectations. It was a softer quarter as it posted a significant miss of analysts’ EPS estimates.

Interestingly, the stock is up 11.9% since the results and currently trades at $21.74.

Read our full analysis of Movado’s results here.

Stitch Fix

One of the original subscription box companies, Stitch Fix is an online personal styling and fashion service that curates personalized clothing selections for customers.

Stitch Fix reported revenues of $342.1 million, up 7.3% year on year. This number topped analysts’ expectations by 1.5%. Overall, it was a very strong quarter as it also logged EBITDA guidance for next quarter exceeding analysts’ expectations and a beat of analysts’ EPS estimates.

The stock is up 12.1% since reporting and currently trades at $5.26.

Read our full, actionable report on Stitch Fix here, it’s free for active Edge members.

Guess

Flexing the iconic upside-down triangle logo with a question mark, Guess is a global fashion brand known for its trendy clothing, accessories, and denim wear.

Guess reported revenues of $791.4 million, up 7.2% year on year. This result surpassed analysts’ expectations by 2.5%. It was an exceptional quarter as it also put up a beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.

The stock is down 1.3% since reporting and currently trades at $16.82.

Read our full, actionable report on Guess here, it’s free for active Edge members.