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Q4 Earnings Highlights: Levi's (NYSE:LEVI) Vs The Rest Of The Apparel, Accessories and Luxury Goods Stocks

StockStory - Wed Apr 3, 9:43AM CDT

LEVI Cover Image

Wrapping up Q4 earnings, we look at the numbers and key takeaways for the apparel, accessories and luxury goods stocks, including Levi's (NYSE:LEVI) and its peers.

Within 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.

The 16 apparel, accessories and luxury goods stocks we track reported a weaker Q4; on average, revenues missed analyst consensus estimates by 1.2% while next quarter's revenue guidance was 4.2% below consensus. Stocks have faced challenges as investors prioritize near-term cash flows, but apparel, accessories and luxury goods stocks held their ground better than others, with share prices down 4.4% on average since the previous earnings results.

Levi's (NYSE:LEVI)

Credited for inventing the first pair of blue jeans in 1873, Levi's (NYSE:LEVI) is an apparel company renowned for its iconic denim products and classic American style.

Levi's reported revenues of $1.64 billion, up 3.4% year on year, falling short of analyst expectations by 1.2%. It was a weak quarter for the company, with underwhelming earnings guidance for the full year.

Levi's Total Revenue

The stock is up 19.5% since the results and currently trades at $18.79.

Read our full report on Levi's here, it's free.

Best Q4: Ralph Lauren (NYSE:RL)

Originally founded as a necktie company, Ralph Lauren (NYSE:RL) is an iconic American fashion brand known for its classic and sophisticated style.

Ralph Lauren reported revenues of $1.93 billion, up 5.6% year on year, outperforming analyst expectations by 3.4%. It was a very strong quarter for the company. Ralph Lauren blew past analysts' revenue and EPS expectations, driven by strong outperformance in its Europe ($522 million of revenue vs estimates of $471 million) and Asia ($446 million of revenue vs estimates of $428 million) segments. 

Ralph Lauren Total Revenue

The stock is up 21.2% since the results and currently trades at $178.3.

Is now the time to buy Ralph Lauren? Access our full analysis of the earnings results here, it's free.

Weakest Q4: VF Corp (NYSE:VFC)

Owner of The North Face, Vans, and Supreme, VF Corp (NYSE:VFC) is a clothing conglomerate specializing in branded lifestyle apparel, footwear, and accessories.

VF Corp reported revenues of $2.96 billion, down 16.2% year on year, falling short of analyst expectations by 8.9%. It was a weak quarter for the company, with a miss of analysts' revenue and EPS estimates.

VF Corp had the weakest performance against analyst estimates in the group. The stock is down 11% since the results and currently trades at $15.1.

Read our full analysis of VF Corp's results here.

PVH (NYSE:PVH)

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 $2.49 billion, flat year on year, surpassing analyst expectations by 2.9%. It was a solid quarter for the company, with an impressive beat of analysts' constant currency revenue estimates. On the other hand, its full-year earnings forecast was underwhelming.

The stock is down 18.8% since the results and currently trades at $113.44.

Read our full, actionable report on PVH here, it's free.

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 $2.08 billion, up 2.9% year on year, surpassing analyst expectations by 1.4%. It was a mixed quarter for the company, with optimistic earnings guidance for the full year but a miss of analysts' earnings estimates.

The stock is up 12.5% since the results and currently trades at $45.42.

Read our full, actionable report on Tapestry here, it's free.

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