Tapestry IncTapestry reported $1.92B revenue up 21.2% YoY, beating estimates by 7.6%, leading apparel stocks.
Tapestry reported first-quarter revenues of $1.92 billion, up 21.2% year on year and beating analyst estimates by 7.6%, making it the standout performer among 15 tracked consumer discretionary apparel and accessories stocks. The group as a whole exceeded revenue consensus by 1.6% and issued in-line guidance for the next quarter, with share prices up an average 4.9% since reporting. Movado posted the best stock reaction, rising 25.4% after revenues of $142.4 million beat by 5.4%, while Under Armour was the weakest, with flat revenues of $1.17 billion and a 6.7% share decline following disappointing EPS guidance. Stitch Fix and G-III also beat estimates, with Stitch Fix reporting $340.3 million in revenue and G-III reporting $536 million, though G-III's revenue fell 8.2% year on year.
Tapestry IncTapestry reported $1.92B revenue up 21.2% YoY, beating estimates by 7.6%, leading apparel stocks.
Movado Group IncMovado revenues of $142.4M beat by 5.4%, stock rose 25.4%.
Under Armour Inc AUnder Armour flat revenues of $1.17B and disappointing EPS guidance, stock fell 6.7%.
Stitch FixStitch Fix reported $340.3M revenue beating estimates.
G-III Apparel Group LtdG-III reported $536M revenue beating estimates but revenue fell 8.2% YoY; mentioned as part of group results.