Looking back on apparel retailer stocks' Q2 earnings, we examine this quarter's best and worst performers, including Tilly's (NYSE:TLYS) and its peers.

Apparel sales are not driven so much by personal need but by seasons, trends, and innovation, and over the last few decades, the category has shifted meaningfully online. Retailers that once only had brick-and-mortar stores are responding with omnichannel presences. The online shopping experience continues to improve and retail foot traffic in places like shopping malls continues to stall, so the evolution of clothing sellers marches on.

The 10 apparel retailer stocks we track reported a slower Q2; on average, revenues beat analyst consensus estimates by 1.9%, while on average next quarter revenue guidance was 1.53% under consensus. Investors abandoned cash burning companies since high interest rates will make it harder to raise capital and while some of the apparel retailer stocks have fared somewhat better than others, they have not been spared, with share prices declining 5.82% since the previous earnings results, on average.

Tilly's (NYSE:TLYS)

With an emphasis on skate and surf culture, Tilly’s (NYSE:TLYS) is a specialty retailer that sells clothing, footwear and accessories geared towards fashion-forward teens and young adults.

Tilly's reported revenues of $160 million, down 4.97% year on year, beating analyst expectations by 5.99%. It was a decent quarter for the company, with optimistic earnings guidance for the next quarter.

The stock is down 13% since the results and currently trades at $7.82.

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

Best Q2: Abercrombie and Fitch (NYSE:ANF)

Founded as an outdoor and sporting brand, Abercrombie & Fitch (NYSE:ANF) evolved to become a specialty retailer that sells its own brand of fashionable clothing to young adults.

Abercrombie and Fitch reported revenues of $935.3 million, up 16.2% year on year, beating analyst expectations by 10.8%. It was a strong quarter for the company, with revenue and EPS exceeding expectations, driven by impressive sales growth at Abercrombie brands and a huge operating margin increase. On top of that, the company raised its full-year revenue guidance from 3% growth all the way up to 10% while changing its operating margin estimate from 5.5% to 8.5%.

Abercrombie and Fitch scored the strongest analyst estimates beat and fastest revenue growth among its peers. The stock is up 30% since the results and currently trades at $53.5.

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

Urban Outfitters (NASDAQ:URBN)

Founded as a purveyor of vintage items, Urban Outfitters (NASDAQ:URBN) now largely sells new apparel and accessories to teens and young adults seeking on-trend fashion.

Urban Outfitters reported revenues of $1.27 billion, up 7.5% year on year, beating analyst expectations by 1.87%. It was a decent quarter for the company, with EPS and free cash flow surpassing analysts' expectations, driven by its outperformance in same-store sales and strong improvement in gross margin.

The stock is down 6.16% since the results and currently trades at $32.

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

Gap (NYSE:GPS)

Operating under The Gap, Old Navy, Banana Republic, and Athleta brands, The Gap (NYSE:GPS) is an apparel and accessories retailer that sells its own brand of casual clothing to men, women, and children.

Gap reported revenues of $3.55 billion, down 8.01% year on year, missing analyst expectations by 1.19%. It was a mixed quarter for the company, with EPS and free cash flow exceeding analysts' expectations. On the other hand, the company's revenue missed analysts' expectations and it lowered its full-year revenue guidance.

The stock is up 6.93% since the results and currently trades at $10.19.

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

The author has no position in any of the stocks mentioned