Apparel, Accessories and Luxury Goods Stocks Q2 Teardown: Hanesbrands (NYSE:HBI) Vs The Rest

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Apparel, Accessories and Luxury Goods Stocks Q2 Teardown: Hanesbrands (NYSE:HBI) Vs The Rest Looking back on apparel, accessories and luxury goods stocks’ Q2 earnings, we examine this quarter’s ...

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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 satisfactory Q2. As a group, revenues missed analysts’ consensus estimates by 1.4% while next quarter’s revenue guidance was 12.6% below.In light of this news, apparel, accessories and luxury goods stocks have held steady with share prices up 4% on average since the latest earnings results.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","TQQQ":"纳指三倍做多ETF","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","TPR":"Tapestry Inc.","BK4535":"淡马锡持仓","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","BK4551":"寇图资本持仓","BK4567":"ESG概念","BK4585":"ETF&股票定投概念","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4539":"次新股","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","FIGS":"FIGS, Inc.","BK4094":"服装零售","QID":"纳指两倍做空ETF","BK4198":"医疗保健用品","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4588":"碎股",".IXIC":"NASDAQ Composite","NYSE":"纽交所","BK4202":"服装、服饰与奢侈品","BK4561":"索罗斯持仓","SFIX":"Stitch Fix Inc.","TDUP":"ThredUp Inc.","SQQQ":"纳指三倍做空ETF","QLD":"纳指两倍做多ETF","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","PSQ":"纳指反向ETF","BK4122":"互联网与直销零售","BK4516":"特朗普概念","HBI":"哈尼斯品牌服装"},"translate_title":"服装、配饰和奢侈品股票第二季度分析：Hanesbrands(NYSE：HBI)与其他股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TPR":1,"TDUP":1,"SFIX":1,"HBI":1,"NYSE":1,"FIGS":1,".IXIC":0.79,"PSQ":0.6,"QID":0.6,"QLD":0.6,"SQQQ":0.6,"TQQQ":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"Apparel, Accessories and Luxury Goods Stocks Q2 Teardown: Hanesbrands (NYSE:HBI) Vs The Rest \n \n\nLooking back on apparel, accessories and luxury goods stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including Hanesbrands (NYSE:HBI) and its peers.\nWithin 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. \nThe 17 apparel, accessories and luxury goods stocks we track reported a satisfactory Q2. As a group, revenues missed analysts’ consensus estimates by 1.4% while next quarter’s revenue guidance was 12.6% below. \nAfter much suspense, the Federal Reserve cut its policy rate by 50bps (half a percent) in September 2024. This marks the central bank’s first easing of monetary policy since 2020 and the end of its most pointed inflation-busting campaign since the 1980s. Inflation had begun to run hot in 2021 post-COVID due to a confluence of factors such as supply chain disruptions, labor shortages, and stimulus spending. While CPI (inflation) readings have been supportive lately, employment measures have prompted some concern. Going forward, the markets will debate whether this rate cut (and more potential ones in 2024 and 2025) is perfect timing to support the economy or a bit too late for a macro that has already cooled too much. \n In light of this news, apparel, accessories and luxury goods stocks have held steady with share prices up 4% on average since the latest earnings results. \nHanesbrands (NYSE:HBI)\n A classic American staple founded in 1901, Hanesbrands (NYSE: HBI) is a clothing company known for its array of basic apparel including innerwear and activewear. \nHanesbrands reported revenues of $995.4 million, down 3.8% year on year. This print fell short of analysts’ expectations by 26.4%. Overall, it was a slower quarter for the company with underwhelming earnings guidance for the next quarter. \n“We delivered solid second-quarter results in a challenging consumer and apparel market, including better-than-expected U.S. innerwear performance and margin expansion,” said Steve Bratspies, CEO.\n\n\n\nHanesbrands achieved the highest full-year guidance raise but had the weakest performance against analyst estimates of the whole group. Unsurprisingly, the stock is up 39.3% since reporting and currently trades at $7.23. \nRead our full report on Hanesbrands here, it’s free. \nBest Q2: Figs (NYSE:FIGS)\nRising 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. \nFigs reported revenues of $144.2 million, up 4.4% year on year, outperforming analysts’ expectations by 1.4%. The business had a very strong quarter with an impressive beat of analysts’ earnings estimates and an impressive beat of analysts’ operating margin estimates. \n\n\n\nThe market seems happy with the results as the stock is up 13.8% since reporting. It currently trades at $6.50. \nIs now the time to buy Figs? Access our full analysis of the earnings results here, it’s free.\nWeakest Q2: ThredUp (NASDAQ:TDUP)\nFounded to revolutionize thrifting, ThredUp (NASDAQ:TDUP) is a leading online fashion resale marketplace that offers a wide selection of gently-used clothing and accessories. \nThredUp reported revenues of $79.76 million, down 3.5% year on year, falling short of analysts’ expectations by 3.3%. It was a slower quarter as it posted a miss of analysts’ earnings estimates. \nAs expected, the stock is down 53.1% since the results and currently trades at $0.81. \nRead our full analysis of ThredUp’s results here. \nTapestry (NYSE:TPR)\nOriginally founded as Coach, Tapestry (NYSE:TPR) is an American fashion conglomerate with a portfolio of luxury brands offering high-quality accessories and fashion products. \nTapestry reported revenues of $1.59 billion, down 1.8% year on year. This number topped analysts’ expectations by 1.1%. More broadly, it was a satisfactory quarter as it also recorded full-year revenue guidance exceeding analysts’ expectations but a miss of analysts’ earnings estimates. \nThe stock is up 19.2% since reporting and currently trades at $45.27. \nRead our full, actionable report on Tapestry here, it’s free. \nStitch Fix (NASDAQ:SFIX)\nOne 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. \nStitch Fix reported revenues of $319.6 million, down 12.4% year on year. This number was in line with analysts’ expectations. Taking a step back, it was a mixed quarter as it also produced full-year revenue guidance exceeding analysts’ expectations but a miss of analysts’ operating margin estimates. \nStitch Fix had the slowest revenue growth among its peers. The stock is down 25.9% since reporting and currently trades at $2.77. \nRead our full, actionable report on Stitch Fix here, it’s free. \n Join Paid Stock Investor Research\nHelp us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2475435033"}