Let’s dig into the relative performance of Oxford Industries (NYSE: OXM) 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 16 apparel and accessories stocks we track reported a strong Q3. As a group, revenues beat analysts’ consensus estimates by 2% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady as they are up 3.5% on average since the latest earnings results.

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 $307.3 million, flat year on year. This print exceeded analysts’ expectations by 0.6%. Despite the top-line beat, it was still a slower quarter for the company with full-year EPS guidance missing analysts’ expectations significantly and EPS guidance for next quarter missing analysts’ expectations significantly.

Tom Chubb, Chairman and CEO, commented, “Our third quarter results came in as expected and reflect the disciplined execution across our brands in a highly competitive and promotional environment. While we witnessed pockets of strength within our businesses, consumers have become increasingly choiceful, especially with respect to the more discretionary aspects of their wardrobe. As we entered the holiday season, our customers have been highly value-driven, seeking both compelling promotions and new, innovative products."

Unsurprisingly, the stock is down 9.8% since reporting and currently trades at $36.49.

Read our full report on Oxford Industries here, it’s free for active Edge members.

Best Q3: 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 $151.7 million, up 8.2% year on year, outperforming analysts’ expectations by 6.4%. The business had an incredible quarter with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

The market seems happy with the results as the stock is up 60.5% since reporting. It currently trades at $12.07.

Is now the time to buy Figs? Access our full analysis of the earnings results here, it’s free for active Edge members.

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 $186.1 million, up 3.1% year on year, in line with analysts’ expectations. It was a softer quarter as it posted a significant miss of analysts’ EPS estimates.

Interestingly, the stock is up 8.4% since the results and currently trades at $21.06.

Read our full analysis of Movado’s results here.

Under Armour (NYSE: UAA)

Founded in 1996 by a former University of Maryland football player, Under Armour (NYSE: UAA) is an apparel brand specializing in sportswear designed to improve athletic performance.

Under Armour reported revenues of $1.33 billion, down 4.7% year on year. This result surpassed analysts’ expectations by 1.9%. Overall, it was a strong quarter as it also recorded a beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.

The stock is down 2% since reporting and currently trades at $4.52.

Read our full, actionable report on Under Armour here, it’s free for active Edge members.

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 $1.69 billion, up 12.1% year on year. This print topped analysts’ expectations by 3.2%. It was a strong quarter as it also logged a solid beat of analysts’ constant currency revenue estimates.

Tapestry had the weakest full-year guidance update among its peers. The stock is up 15.1% since reporting and currently trades at $125.84.

Read our full, actionable report on Tapestry here, it’s free for active Edge members.

Market Update

In response to the Fed’s rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed’s 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump’s presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025.

Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.