Victoria Greene: Hard to know if GDP contraction is really a trend or just a data point
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 hours ago
- Yahoo
Q1 Rundown: G-III (NASDAQ:GIII) Vs Other Apparel and Accessories Stocks
Looking back on apparel and accessories stocks' Q1 earnings, we examine this quarter's best and worst performers, including G-III (NASDAQ:GIII) and its peers. 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 strong Q1. As a group, revenues beat analysts' consensus estimates by 1.7% while next quarter's revenue guidance was 0.5% below. Luckily, apparel and accessories stocks have performed well with share prices up 11.1% on average since the latest earnings results. G-III (NASDAQ:GIII) Founded as a small leather goods business, G-III (NASDAQ:GIII) is a fashion and apparel conglomerate with a diverse portfolio of brands. G-III reported revenues of $583.6 million, down 4.3% year on year. This print exceeded analysts' expectations by 0.6%. Despite the top-line beat, it was still a mixed quarter for the company with a solid beat of analysts' EPS estimates but EPS guidance for next quarter missing analysts' expectations. Morris Goldfarb, G-III's Chairman and Chief Executive Officer, said, 'G-III delivered solid first quarter results, marked by earnings that exceeded the high end of guidance. Our performance was fueled by double-digit growth of our key owned brands, DKNY, Karl Lagerfeld and Donna Karan, which largely offset the exit of the Calvin Klein jeans and sportswear businesses. These results underscore the strong demand and desirability of our brand portfolio and are a testament to our team's outstanding execution.' Unsurprisingly, the stock is down 11.6% since reporting and currently trades at $24.45. Read our full report on G-III here, it's free. Best Q1: 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 $1.45 billion, up 6.4% year on year, outperforming analysts' expectations by 5.8%. The business had an exceptional quarter with an impressive beat of analysts' constant currency revenue estimates and a solid beat of analysts' EPS estimates. Levi's pulled off the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 7% since reporting. It currently trades at $21.12. Is now the time to buy Levi's? Access our full analysis of the earnings results here, it's free. Weakest Q1: 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 $131.8 million, down 1.9% year on year, falling short of analysts' expectations by 7.3%. It was a disappointing quarter as it posted a significant miss of analysts' EPS estimates. Movado delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 2.2% since the results and currently trades at $17.07. Read our full analysis of Movado's results here. Hanesbrands (NYSE:HBI) A classic American staple founded in 1901, Hanesbrands (NYSE: HBI) is a clothing company known for its array of basic apparel including innerwear and activewear. Hanesbrands reported revenues of $760.1 million, up 2.1% year on year. This result met analysts' expectations. It was a strong quarter as it also produced an impressive beat of analysts' constant currency revenue estimates and an impressive beat of analysts' EPS estimates. Hanesbrands had the weakest full-year guidance update among its peers. The stock is down 2.7% since reporting and currently trades at $4.75. Read our full, actionable report on Hanesbrands here, it's free. ThredUp (NASDAQ:TDUP) Founded to revolutionize thrifting, ThredUp (NASDAQ:TDUP) is a leading online fashion resale marketplace offering a wide selection of gently-used clothing and accessories. ThredUp reported revenues of $71.29 million, up 10.5% year on year. This print topped analysts' expectations by 4.4%. Overall, it was an exceptional quarter as it also recorded a solid beat of analysts' EBITDA estimates and a solid beat of analysts' adjusted operating income estimates. ThredUp scored the fastest revenue growth among its peers. The stock is up 88.9% since reporting and currently trades at $8.37. Read our full, actionable report on ThredUp here, it's free. Market Update As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
19 hours ago
- Business Wire
Gerald Johnson elected to Eaton's Board of Directors
DUBLIN--(BUSINESS WIRE)--Intelligent power management company Eaton (NYSE:ETN) today announced that Gerald Johnson has been elected to the company's Board of Directors effective July 23, 2025. Johnson is the retired executive vice president, Global Manufacturing and Sustainability, of General Motors, where he led the company's global manufacturing operations, labor relations and sustainable workplace practices. Over the course of his career, spanning more than 40 years at GM, he oversaw safety, quality and productivity, and held several roles of increasing responsibility, including vice president, Manufacturing and Labor Relations, North America, and vice president, Global Operational Excellence. He currently serves on the board of Caterpillar Inc. 'With his extensive experience in global manufacturing, engineering and operations, Gerald is a valuable addition to our Board,' said Paulo Ruiz, Eaton chief executive officer. 'As we continue our strategy to execute for growth at Eaton, I'm confident that Gerald's breadth of experience and proven performance in operations excellence, along with his strong customer focus, will serve our company well.' Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we're helping to solve the world's most urgent power management challenges and building a more sustainable society for people today and generations to come. Founded in 1911, Eaton has continuously evolved to meet the changing and expanding needs of our stakeholders. With revenues of nearly $25 billion in 2024, the company serves customers in more than 160 countries. For more information, visit Follow us on LinkedIn.
CNBC
20 hours ago
- CNBC
Market breadth is coming back. Here's what it means for investors
Alli McCartney, UBS managing director, joins 'Power Lunch' to discuss the market's current standing, how to avoid value traps and much more.
