Apparel companies posting strong performance in Q3 2025
The third quarter of 2025 highlighted a distinct divergence in the global fashion industry. While traditional luxury giants faced headwinds, sportswear innovators, value-driven retailers, and specific premium brands delivered exceptional financial results. Companies like On Holding, Aritzia, and Amer Sports defied macroeconomic pressures, posting double-digit revenue growth and raising their full-year outlooks. Similarly, the off-price sector, led by TJX Companies and Burlington, thrived as consumers prioritized value amidst inflation. This period demonstrated that despite tariff uncertainties and cautious spending, brands with strong identities, performance innovation, or clear value propositions can achieve record-breaking profitability and expansion.
Top Performing Companies
Sportswear & Footwear
- On Holding: Continued its rapid ascent with a 24.9 percent revenue increase in Q3 to 794.4 million Swiss francs. The company raised its annual forecast again, projecting currency-adjusted sales growth of at least 32 percent for the full year.
- Amer Sports: The parent company of Arc’teryx and Salomon reported a 23 percent revenue jump to 1.24 billion dollars in Q2, with adjusted operating profit soaring by 130 percent. Consequently, it raised its full-year guidance.
- Deckers Brands: Delivered a strong start to its fiscal year with net sales up 16.9 percent to 964.5 million dollars. Growth was fuelled by a 19.8 percent surge in Hoka sales and an 18.9 percent rise for UGG.
- Asics: Raised its annual forecast after reporting a 19 percent increase in net sales to 625 billion yen for the first nine months, alongside a 39.4 percent jump in operating profit.
- Skechers: Remained on a growth trajectory with Q2 revenue rising 13.1 percent to 2.44 billion dollars, driven by strong international performance.
- Wolverine Worldwide: Surprised the market with an 11.5 percent revenue increase in Q2 and an 88.7 percent jump in net profit, driven by double-digit growth at Merrell and Saucony.
High Street & Apparel
- Abercrombie & Fitch Co.: Achieved record Q3 net sales of 1.3 billion dollars (up 7 percent), marking its 12th consecutive quarter of growth. Its Hollister brand was a standout performer, growing 16 percent.
- Aritzia: Reported a 31.9 percent revenue surge in Q2 to 812.1 million Canadian dollars, driven by massive growth in the US market (+40.7 percent), and achieved record profitability.
- Fast Retailing (Uniqlo): Confirmed its fourth consecutive year of record profits, with annual revenue rising 9.6 percent to 3.4 trillion yen and net profit expanding 16.4 percent.
- Mango: Closed the first half of the year with a 12 percent increase in sales, reaching 1.73 billion euros, confirming the robustness of its business model.
- Gap Inc.: Showed signs of a successful turnaround with Q3 net sales up 3 percent and comparable sales up 5 percent. The company raised its full-year outlook based on momentum across Old Navy and Gap.
Value & Off-Price Retail
- The TJX Companies: Exceeded expectations with a 7 percent sales increase to 14.4 billion dollars in Q2 and raised its full-year guidance for profit margin and earnings per share.
- Burlington Stores: Reported a 10 percent increase in total sales to 2.7 billion dollars for Q2, with net income reaching 94 million dollars. The retailer subsequently raised its full-year adjusted EPS guidance.
- Ross Stores: Saw Q3 sales climb 10 percent to 5.6 billion dollars and raised its full-year earnings guidance despite tariff headwinds.
- Walmart: Raised its full-year outlook after Q2 revenue grew 4.8 percent to 177.4 billion dollars, driven by a 25 percent surge in global e-commerce.
Premium & Luxury
- Prada Group: A standout in the luxury sector, reporting a 9 percent net revenue increase in H1. Miu Miu continued its stellar run with retail sales surging 49 percent.
- Puig: The beauty and fashion group saw H1 net profit jump 79 percent to around 275 million euros, with sales up around 6 percent to 2.3 billion euros.
- Ralph Lauren: Defied the luxury slowdown with a 17 percent revenue increase in Q2 to 2 billion dollars. The company raised its fiscal 2026 outlook citing broad-based momentum.
- Brunello Cucinelli: Continued its steady double-digit growth, with Q3 revenue up 12 percent to 335.5 million euros, confirming its annual growth targets.
OR CONTINUE WITH
Data
Q3