Apparel and Accessories Stocks Q3 Results: Benchmarking Guess (NYSE:GES)

Let’s dig into the relative performance of Guess (NYSE:GES) and its peers as we unravel the now-completed Q3 apparel and accessories earnings season.

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 1.8% while next quarter’s revenue guidance was 0.9% below.

In light of this news, share prices of the companies have held steady as they are up 4.7% on average since the latest earnings results.

Guess (NYSE:GES)

Flexing the iconic upside-down triangle logo with a question mark, Guess (NYSE:GES) 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 print exceeded analysts’ expectations by 2.5%. Overall, it was an exceptional quarter for the company with a beat of analysts’ EPS and adjusted operating income estimates.

Unsurprisingly, the stock is down 1.3% since reporting and currently trades at $16.82.

Is now the time to buy Guess? Access our full analysis of the earnings results here, it’s free.

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 and EBITDA estimates.

The market seems happy with the results as the stock is up 54.9% since reporting. It currently trades at $11.65.

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

Slowest Q3: 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 17.3% since the results and currently trades at $22.79.

Read our full analysis of Movado’s results here.

PVH (NYSE:PVH)

Founded in 1881 by a husband and wife duo, PVH (NYSE:PVH) is a global fashion conglomerate with iconic brands like Calvin Klein and Tommy Hilfiger.

PVH reported revenues of $2.29 billion, up 1.7% year on year. This print topped analysts’ expectations by 0.5%. Zooming out, it was a mixed quarter as it also produced a decent beat of analysts’ adjusted operating income estimates but EPS guidance for next quarter missing analysts’ expectations.

The stock is down 25.2% since reporting and currently trades at $65.45.

Read our full, actionable report on PVH here, it’s free.

Under Armour (NYSE:UAA)

Founded in 1996 by a former University of Maryland football player, Under Armour (NYSE:UAA) is an apparel brand specializing in sportswear designed to improve athletic performance.

Under Armour reported revenues of $1.33 billion, down 4.7% year on year. This number surpassed analysts’ expectations by 1.9%. It was a strong 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 up 24.7% since reporting and currently trades at $5.75.

Read our full, actionable report on Under Armour here, it’s free.

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