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 ThredUp (NASDAQ: TDUP).

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.

Thankfully, share prices of the companies have been resilient as they are up 6.6% on average since the latest earnings results.

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. This print exceeded analysts’ expectations by 4.4%. Overall, it was an exceptional quarter for the company with an impressive beat of analysts’ EBITDA estimates.

“We are proud to deliver Q1 out-performance, including a record quarter for new buyer acquisition,” said ThredUp CEO and co-founder James Reinhart.

ThredUp scored the fastest revenue growth of the whole group. Unsurprisingly, the stock is up 80.1% since reporting and currently trades at $7.98.

Is now the time to buy ThredUp? Access our full analysis of the earnings results 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, outperforming analysts’ expectations by 4.8%. The business had an exceptional quarter with an impressive beat of analysts’ adjusted operating income estimates and a solid beat of analysts’ EBITDA estimates.

Figs pulled off the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 16.4% since reporting. It currently trades at $5.85.

Is now the time to buy Figs? 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 5.5% since the results and currently trades at $16.49.

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 result topped analysts’ expectations by 2.1%. Aside from that, it was a slower quarter as it produced full-year EPS guidance missing analysts’ expectations.

The stock is down 13.5% since reporting and currently trades at $43.30.

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

Tapestry (NYSE: TPR)

Originally founded as Coach, Tapestry (NYSE: TPR) is an American fashion conglomerate with a portfolio of luxury brands offering high-quality accessories and fashion products.

Tapestry reported revenues of $1.58 billion, up 6.9% year on year. This print surpassed analysts’ expectations by 3.7%. It was a very strong quarter as it also logged an impressive beat of analysts’ constant currency revenue estimates and full-year EPS guidance exceeding analysts’ expectations.

The stock is up 20.7% since reporting and currently trades at $90.20.

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

Market Update

As a result of the Fed’s rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed’s 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump’s victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025.

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