Apparel and Accessories Stocks Q3 Teardown: Columbia Sportswear (NASDAQ:COLM) Vs The Rest

Let’s dig into the relative performance of Columbia Sportswear (NASDAQ:COLM) and its peers as we unravel the now-completed Q3 apparel and accessories earnings season.

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 mixed Q3. As a group, revenues along with next quarter’s revenue guidance were in line with analysts’ consensus estimates.

Luckily, apparel and accessories stocks have performed well with share prices up 11.6% on average since the latest earnings results.

Columbia Sportswear (NASDAQ:COLM)

Columbia Sportswear reported revenues of $931.8 million, down 5.5% year on year. This print fell short of analysts’ expectations by 0.6%. Overall, it was a mixed quarter for the company with an impressive beat of analysts’ EBITDA estimates but a miss of analysts’ constant currency revenue estimates.

Chairman, President and Chief Executive Officer Tim Boyle commented, “Third quarter results reflect ongoing strength in most international markets, offset by continued softness in North America. While warm weather has curbed early season demand for Fall 2024 cold weather product, I’m excited about the differentiated innovations we are offering consumers, including Omni-Heat Infinity and Omni-Heat Arctic, as well as the lightweight comfort provided by our Omni-Max footwear platform.

Interestingly, the stock is up 16.3% since reporting and currently trades at $88.64.

Is now the time to buy Columbia Sportswear? Find out by reading the original article on StockStory, it’s free.

Best Q3: Stitch Fix (NASDAQ:SFIX)

Stitch Fix reported revenues of $318.8 million, down 12.6% year on year, outperforming analysts’ expectations by 3.9%. The business had an exceptional quarter with EBITDA guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ EPS estimates.

Stitch Fix achieved the biggest analyst estimates beat and highest full-year guidance raise among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 20% since reporting. It currently trades at $3.68.

Weakest Q3: Figs (NYSE:FIGS)

Figs reported revenues of $140.2 million, down 1.5% year on year, falling short of analysts’ expectations by 2.1%. It was a disappointing quarter as it posted a significant miss of analysts’ adjusted operating income estimates.

As expected, the stock is down 13.8% since the results and currently trades at $5.75.

Kontoor Brands (NYSE:NYSE:KTB)

Kontoor Brands reported revenues of $670.2 million, up 2.4% year on year. This number surpassed analysts’ expectations by 1%. Aside from that, it was a satisfactory quarter as it also produced a decent beat of analysts’ EPS estimates.

The stock is up 14.2% since reporting and currently trades at $87.35.

Oxford Industries (NYSE:NYSE:OXM)

Oxford Industries reported revenues of $308 million, down 5.7% year on year. This result missed analysts’ expectations by 2.8%. Overall, it was a softer quarter as it also recorded a significant miss of analysts’ adjusted operating income estimates.

Oxford Industries had the weakest performance against analyst estimates among its peers. The stock is down 2.8% since reporting and currently trades at $81.85.

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This content was originally published on Stock Story