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Apparel, Accessories and Luxury Goods Stocks Q1 In Review: Stitch Fix (NASDAQ:SFIX) Vs Peers


Max Juang /
2024/06/14 4:17 am EDT

Let's dig into the relative performance of Stitch Fix (NASDAQ:SFIX) and its peers as we unravel the now-completed Q1 apparel, accessories and luxury goods earnings season.

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

The 17 apparel, accessories and luxury goods stocks we track reported a mixed Q1; on average, revenues beat analyst consensus estimates by 0.5%. while next quarter's revenue guidance was 2.2% below consensus. Stocks, especially growth stocks where cash flows further in the future are more important to the story, had a good end of 2023. But the beginning of 2024 has seen more volatile stock performance due to mixed inflation data, and apparel, accessories and luxury goods stocks have held roughly steady amidst all this, with share prices up 3.8% on average since the previous earnings results.

Stitch Fix (NASDAQ:SFIX)

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

Stitch Fix reported revenues of $322.7 million, down 15.8% year on year, topping analysts' expectations by 5.4%. It was an impressive quarter for the company, with an impressive beat of analysts' earnings estimates and full-year revenue guidance exceeding analysts' expectations.

“At Stitch Fix, we are on a mission to help people discover the styles they will love that fit perfectly so they always look and feel their best, and this commitment is at the heart of our transformation,” said Matt Baer, Chief Executive Officer, Stitch Fix.

Stitch Fix Total Revenue

Stitch Fix pulled off the biggest analyst estimates beat and highest full-year guidance raise of the whole group. The stock is up 31.4% since the results and currently trades at $3.49.

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

Best Q1: 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 $119.3 million, down 0.8% year on year, outperforming analysts' expectations by 1.6%. It was an impressive quarter for the company, with an impressive beat of analysts' earnings estimates and an impressive beat of analysts' operating margin estimates.

Figs Total Revenue

The stock is down 11% since the results and currently trades at $5.01.

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

ThredUp (NASDAQ:TDUP)

Founded to revolutionize thrifting, ThredUp (NASDAQ:TDUP) is a leading online fashion resale marketplace that offers a wide selection of gently-used clothing and accessories.

ThredUp reported revenues of $79.59 million, up 4.8% year on year, falling short of analysts' expectations by 0.9%. It was a weak quarter for the company, with a miss of analysts' operating margin estimates and a miss of analysts' earnings estimates.

ThredUp achieved the fastest revenue growth but had the weakest full-year guidance update in the group. The stock is up 3.7% since the results and currently trades at $1.94.

Read our full analysis of ThredUp's results here.

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 $609.7 million, flat year on year, falling short of analysts' expectations by 1.1%. It was a decent quarter for the company, with an impressive beat of analysts' earnings estimates.

The stock is down 16.8% since the results and currently trades at $25.99.

Read our full, actionable report on G-III here, it's free.

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 $1.57 billion, up 1.8% year on year, in line with analysts' expectations. It was a slower quarter for the company, with a miss of analysts' operating margin estimates.

The stock is up 13.5% since the results and currently trades at $186.3.

Read our full, actionable report on Ralph Lauren here, it's free.

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