As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at apparel and accessories stocks, starting with Levi's (NYSE: LEVI).
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 17 apparel and accessories stocks we track reported a strong Q1. As a group, revenues beat analysts’ consensus estimates by 1.3% 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 (NYSE: LEVI)
Credited for inventing the first pair of blue jeans in 1873, Levi's (NYSE: LEVI) is an apparel company renowned for its iconic denim products and classic American style.
Levi's reported revenues of $1.53 billion, up 3.1% year on year. This print fell short of analysts’ expectations by 0.8%, but it was still a very strong quarter for the company with an impressive beat of analysts’ constant currency revenue and EPS estimates.
The stock is up 26.9% since reporting and currently trades at $17.10.
Is now the time to buy Levi's? Access our full analysis of the earnings results here, it’s free.
Best Q1: ThredUp (NASDAQ: TDUP)
Founded to revolutionize thrifting, ThredUp (NASDAQ: TDUP) is a leading online fashion resale marketplace offering a wide selection of gently-used clothing and accessories.
ThredUp reported revenues of $71.29 million, up 10.5% year on year, outperforming analysts’ expectations by 4.4%. The business had an exceptional quarter with a solid beat of analysts’ EBITDA estimates.
ThredUp delivered the fastest revenue growth among its peers. The market seems happy with the results as the stock is up 67.5% since reporting. It currently trades at $7.42.
Is now the time to buy ThredUp? Access our full analysis of the earnings results here, it’s free.
Weakest Q1: Movado (NYSE: MOV)
With its watches displayed in 20 museums around the world, Movado (NYSE: MOV) is a watchmaking company with a portfolio of watch brands and accessories.
Movado reported revenues of $131.8 million, down 1.9% year on year, falling short of analysts’ expectations by 7.3%. It was a disappointing quarter as it posted a significant miss of analysts’ EPS estimates.
Movado delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 11.7% since the results and currently trades at $15.40.
Read our full analysis of Movado’s results here.
Oxford Industries (NYSE: OXM)
The parent company of Tommy Bahama, Oxford Industries (NYSE: OXM) is a lifestyle fashion conglomerate with brands that embody outdoor happiness.
Oxford Industries reported revenues of $392.9 million, down 1.3% year on year. This print surpassed analysts’ expectations by 2.1%. However, it was a slower quarter as it recorded full-year EPS guidance missing analysts’ expectations.
The stock is down 14.1% since reporting and currently trades at $43.
Read our full, actionable report on Oxford Industries here, it’s free.
Figs (NYSE: FIGS)
Rising to fame via TikTok and founded in 2013 by Heather Hasson and Trina Spear, Figs (NYSE: FIGS) is a healthcare apparel company known for its stylish approach to medical attire and uniforms.
Figs reported revenues of $124.9 million, up 4.7% year on year. This result topped analysts’ expectations by 4.8%. It was an exceptional quarter as it also put up a solid beat of analysts’ adjusted operating income estimates.
Figs scored the biggest analyst estimates beat among its peers. The stock is up 5.5% since reporting and currently trades at $5.30.
Read our full, actionable report on Figs here, it’s free.
Market Update
In response to the Fed’s rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed’s 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump’s presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025.
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