The first quarter of 2025 brought mixed results for consumer discretionary apparel and accessories companies, with jewelry-adjacent brands like Movado and children's apparel giant Carter's outperforming expectations. For overseas jewelry buyers, these earnings signal shifting consumer spending patterns and potential pricing pressures that could affect sourcing strategies for rings, necklaces, and other accessories.
Sector performance overview
The 15 tracked consumer discretionary apparel and accessories stocks reported a strong Q1, with revenues beating analysts' consensus estimates by 1.6%. Next quarter's revenue guidance came in line with expectations. Share prices have risen 6.4% on average since earnings releases, indicating market confidence despite ongoing headwinds from cyclical demand and promotional environments.
Movado's standout quarter
Movado, a watchmaking company with a portfolio of watch brands and accessories, reported revenues of $142.4 million, up 8.1% year on year and outperforming expectations by 5.4%. The company achieved a beat on both EPS and EBITDA estimates. Shares have surged 29.7% since reporting, currently trading at $38.69. This performance suggests sustained demand for premium accessories, which may benefit jewelry categories like sterling silver and gold-plated brass items.
Carter's strong results
Carter's, an American designer and marketer of children's apparel, reported revenues of $681.1 million, up 8.1% year on year and exceeding expectations by 3.2%. The company also beat EPS estimates and provided strong EPS guidance for next quarter. Shares rose 28.3% since reporting to $42.79. While not directly jewelry, Carter's performance indicates healthy consumer spending on children's categories, potentially supporting demand for children's jewelry and accessories.
Under Armour and Columbia Sportswear
Under Armour reported flat revenues of $1.17 billion, in line with expectations, but disappointed with full-year EPS guidance missing estimates and a significant miss on adjusted operating income. Shares remain flat at $6.09. Columbia Sportswear reported $779 million in revenues, flat year on year but topping expectations by 2.6%. The company provided strong EPS guidance for next quarter, with shares up 9.9% to $66.97.
What buyers should watch
For jewelry importers and distributors, the Q1 earnings highlight several trends: premiumization continues to support higher-margin accessories like watches and branded jewelry, while promotional intensity remains a risk. Tariff volatility and sourcing concentration in key manufacturing countries add compliance complexity. The rise of ultra-fast-fashion digital competitors compresses product life cycles, making demand forecasting challenging for OEM/ODM partners. Jewelry buyers should monitor consumer discretionary spending shifts and consider diversifying sourcing to mitigate tariff risks.
Source: Read the original report | Published: June 15, 2026