Ralph Lauren 13.9% surge, revenue 17% growth announced

U.S. and global apparel companies reported quarterly results. Most of the reported results beat expectations for revenue and earnings per share (EPS). However, individual stocks had mixed reactions.

Ralph Lauren's stock rose 13.9% immediately after the announcement. The company reported that revenue increased 17% from the same period a year earlier and that EPS also exceeded market expectations. It said revenue was particularly strong in women's apparel and handbags.

Amer Sports' stock rose more than 5%. The company reported that revenue increased 32% from the same period a year earlier and raised its full-year guidance. It cited increased product demand and channel improvements as reasons for the upward revision.

Deckers Outdoor’s stock 1rose by around %. The company said its Hoka brand posted record quarterly revenue. It also disclosed the performance of its other brands and the regional distribution of revenue.

Several other apparel companies also beat revenue and EPS estimates, but their share-price performance varied. The market responded to company-specific factors beyond earnings, including guidance, demand by brand, and inventory levels. Trading was active immediately after the announcements.

This was a quarter in which earnings strength and weakness, along with changes in guidance, varied by company. Some stocks saw upgraded guidance and brand strength, while others had limited share-price reactions. Earnings announcements for subsequent quarters and additional financial disclosures will follow.