As Q4 earnings season comes to a close, it’s time to take stock of this quarter's best and worst performers amongst the apparel, accessories and luxury goods stocks, including Figs (NYSE:FIGS) 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 1.5% while next quarter's revenue guidance was 4.2% below consensus. Investors abandoned cash-burning companies to buy stocks with higher margins of safety, but apparel, accessories and luxury goods stocks held their ground better than others, with the share prices up 5.6% on average since the previous earnings results.

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.

Figs reported revenues of $144.9 million, flat year on year, falling short of analyst expectations by 2.8%. It was a mixed quarter for the company, with an impressive beat of analysts' earnings estimates. On the other hand, revenue fell short.

“Looking back on 2023, we delivered strong growth and profitability, reduced inventory levels by 33% and generated cash flow from operations of $100 million, while advancing a number of our growth strategies,” said Trina Spear, Chief Executive Officer and Co-Founder.

The stock is down 18.5% since the results and currently trades at $4.92.

Is now the time to buy Figs? Access our full analysis of the earnings results 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. The company also beat Wall Street's same-store sales estimates, posting 9% growth (vs the forecasted 4.3% growth).

The stock is up 27.6% since the results and currently trades at $187.76.

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 8.8% since the results and currently trades at $15.47.

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

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 17.9% since the results and currently trades at $47.6.

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

Carter's (NYSE:CRI)

Rumored to sell more than 10 products for every child born in the United States, Carter's (NYSE:CRI) is an American designer and marketer of children's apparel.

Carter's reported revenues of $857.9 million, down 5.9% year on year, falling short of analyst expectations by 1.3%. It was a weaker quarter for the company, with underwhelming earnings and revenue guidance for the next quarter.

The stock is up 4.3% since the results and currently trades at $85.

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

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