Apparel and Accessories Stocks Q1 Recap: PVH Shines, ThredUp Leads with Strong Growth, Movado Lags Behind

The end of the earnings season is always a great time to take a step back and assess which companies shone (and which didn't). Let's take a look at how apparel and accessories stocks performed in Q1, starting with PVH (NYSE: PVH). Thanks to social media and the internet, styles are changing more frequently than ever before, and 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. 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 $1.98 billion, up 1.6% year on year. This print exceeded analysts’ expectations by 2.6%. Despite the top-line beat, it was still a slower quarter for the company with full-year EPS guidance missing analysts’ expectations. Stefan Larsson, Chief Executive Officer, commented, "In Q1, we continued to tap into the global consumer love for Calvin Klein and TOMMY HILFIGER, delivering revenue growth versus last year and ahead of guidance." The stock is down 20.8% since reporting and currently trades at $64. Read our full report on PVH here, it’s free. 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 an impressive 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 81.9% since reporting. It currently trades at $8.06. 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 $13