The end of the earnings season is always a good time to take a step back and see who shined (and who didn’t). Let’s take a look at how apparel retailer stocks fared in Q1, starting with Zumiez (NASDAQ: ZUMZ).
Apparel sales are not driven so much by personal needs 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 8 apparel retailer stocks we track reported a satisfactory Q1. As a group, revenues beat analysts’ consensus estimates by 1% while next quarter’s revenue guidance was in line.
Thankfully, share prices of the companies have been resilient as they are up 5.7% on average since the latest earnings results.
Zumiez (NASDAQ: ZUMZ)
With store associates called “Zumiez Stash Members”, Zumiez (NASDAQ: ZUMZ) is a specialty retailer of street and skate apparel, footwear, and accessories.
Zumiez reported revenues of $193.3 million, up 4.9% year on year. This print was in line with analysts’ expectations, but overall, it was a slower quarter for the company with EPS guidance for next quarter missing analysts’ expectations significantly and revenue guidance for next quarter missing analysts’ expectations.
“We continue to make important progress towards sustained profitable growth,” said Rick Brooks, Chief Executive Officer of Zumiez Inc.
The market seems disappointed with the results as the stock is down 16.8% since reporting and currently trades at $19.53.
Read our full report on Zumiez here, it’s free.
Best Q1: 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 $124.7 million, up 15.9% year on year, outperforming analysts’ expectations by 2.8%. The business had a stunning quarter with EPS guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ gross margin estimates.
Tilly's scored the biggest analyst estimate beat, highest guidance raise, and fastest revenue growth of the whole group. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 18.5% since reporting. It currently trades at $3.62.
Is now the time to buy Tilly's? Access our full analysis of the earnings results here, it’s free.
Weakest Q1: Lululemon (NASDAQ: LULU)
Originally serving yogis and hockey players, Lululemon (NASDAQ: LULU) is a designer, distributor, and retailer of athletic apparel for men and women.
Lululemon reported revenues of $2.47 billion, up 4.3% year on year, exceeding analysts’ expectations by 1.7%. Still, it was a softer quarter as it posted full-year EPS guidance missing analysts’ expectations significantly and EPS guidance for next quarter missing analysts’ expectations significantly.
Lululemon delivered the weakest guidance update and weakest full-year guidance update in the group. As expected, the stock is down 5.2% since the results and currently trades at $118.44.
Read our full analysis of Lululemon’s results here.
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 $1.48 billion, up 11.4% year on year. This print surpassed analysts’ expectations by 1.4%. It was a strong quarter as it also logged a beat of analysts’ EPS estimates and a narrow beat of analysts’ gross margin estimates.
The stock is up 6% since reporting and currently trades at $76.00.
Read our full, actionable report on Urban Outfitters here, it’s free.
Victoria's Secret (NYSE: VSXY)
Spun off from L Brands in 2020, Victoria’s Secret (NYSE: VSXY) is an intimate clothing and beauty retailer that sells its own brands of lingerie, undergarments, and personal fragrances.
Victoria's Secret reported revenues of $1.56 billion, up 15.3% year on year. This number topped analysts’ expectations by 2.6%. Overall, it was an exceptional quarter as it also put up a beat of analysts’ EPS estimates and an impressive beat of analysts’ gross margin estimates.
Victoria's Secret delivered the highest full-year guidance raise among its peers. The stock is up 64.9% since reporting and currently trades at $89.55.
Read our full, actionable report on Victoria's Secret here, it’s free.
Market Update
Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.
Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.
By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.
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.
