Apparel and Accessories Stocks Q3 In Review: G-III (NASDAQ:GIII) Vs Peers

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 (NASDAQ:GIII) 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 (NASDAQ:GIII)

Founded as a small leather goods business, G-III (NASDAQ:GIII) 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.

Is now the time to buy G-III? Access our full analysis of the earnings results here, it’s free for active Edge members.

Best Q3: 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 $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.

Is now the time to buy Figs? Access our full analysis of the earnings results here, it’s free for active Edge members.

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 $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 (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 $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 (NYSE:RL)

Originally founded as a necktie company, Ralph Lauren (NYSE:RL) 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.

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