GCO

FIGS, Inc. reported robust second-quarter 2026 results with active customers rising 13.2% to 3.1 million and revenue per customer hitting a record $229. Scrubwear sales grew 26.5% while non-scrubwear revenues jumped 40.3%, driven by product innovation and repeat purchases. The company raised its full-year revenue growth outlook to approximately 20%, marking its third consecutive quarter of growth above 25%.

Boot Barn is integrating AI-powered shopping tools (Range Finder and Cassidy) into its omnichannel retail strategy. The company reported Q1 e-commerce comparable sales growth of 13.4% and total sales of $593.5 million. Boot Barn plans 70 new store openings in fiscal 2027 and projects e-commerce comparable sales growth of 11-13%, leveraging its store network for order fulfillment and customer engagement.

Revolve Group (RVLV) reported Q2 2026 sales growth of 12% to $347.4 million with improved gross margins driven by AI-powered markdown algorithms. The company is testing image-based search functionality and deploying AI analytics for store traffic tracking. Management maintains its double-digit revenue growth target for 2026, though consumer demand uncertainty persists.

Capri Holdings' Jimmy Choo brand delivered strong Q1 fiscal 2027 results with 10.5% revenue growth to $179 million, led by 26% growth in the Americas. The brand expanded accessories offerings and launched targeted marketing campaigns, driving a 40% increase in VIP sales.

Operating margin improved 480 basis points to 7.3%, though gross margin declined 170 basis points due to channel mix. Management projects approximately $635 million in annual revenues with a low-single-digit operating margin.

Steven Madden raised its 2026 revenue growth outlook to 11-13% following strong Q2 results, driven by Dolce Vita's momentum in footwear and handbags across wholesale and DTC channels. The brand's expansion into international markets and diverse product categories positions it as an increasingly significant contributor to the company's long-term growth.

Levi Strauss (LEVI) reported Q3 adjusted EPS of 48 cents, beating estimates by 33%, though revenues missed expectations at $1.61B. Tariff refunds boosted gross margins by 370 basis points. The company raised FY2026 EPS guidance to $1.54-$1.56 but faced headwinds from softer DTC traffic in the US and Europe. International expansion and wholesale strength partially offset domestic weakness.

FIGS Inc. reported record average order value of $127 (up 9%) driven by pricing actions and reduced discounting. Active customers grew 13% to 3.1 million with revenue per customer reaching a record $229.

The company raised its 2026 revenue growth outlook to approximately 20% and adjusted EBITDA margin guidance to 14.8-15%. Scrubwear revenues grew 27% while non-scrubwear sales increased 40%.

Bath & Body Works (BBWI) is implementing its Consumer First Formula strategy, focusing on product innovation and brand engagement to strengthen demand among value-conscious consumers. While successful launches like Fruit Fusion achieved higher pricing, overall Q2 fiscal 2026 sales declined 2.3% to $1.51 billion, with body care sales falling mid-single digits. The company plans $35 million in incremental marketing investments and is exiting Home Care to concentrate resources on higher-productivity categories.

Under Armour is executing a brand transformation by reducing its Fall/Winter 2026 assortment by 25% with plans for another 25% SKU reduction over 18 months. While some products like HeatGear and Bouncy Tee show strength, Q1 FY2027 revenues declined 3.2% YoY to $1.1B, with North America down 9%. The company expects mid-single-digit revenue declines for FY2027 but maintains adjusted operating income guidance of $140-160M.

G-III Apparel Group raised its fiscal 2027 adjusted EPS guidance to $2.20-$2.30 as Donna Karan sales surged over 45% year-over-year in Q2 FY2027. The brand is expanding across categories including handbags and footwear, with increased retail distribution and celebrity marketing partnerships. However, G-III shares have underperformed the industry over the past three months.