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Ralph Lauren, Skechers, VF 'Cautiously Optimistic' Despite Macro Headwinds, Deutsche Bank Says

4:02PM ET 6/22/2022 MT Newswires
The tone from apparel and footwear manufacturers Ralph Lauren (RL), Skechers (SKX) and VF Corp. (VFC) was "cautiously optimistic" at a recent conference, with the three companies "highlighting a resilient consumer despite increasing macro headwinds," Deutsche Bank said in a note emailed Wednesday.

The investment bank said the three companies were among the firms attending its dbAccess global consumer event in Paris last week.

Deutsche Bank said major discussion points at the event were supply chain issues, inventory levels, price elasticity and China.

"While we expect ongoing market volatility (especially in consumer discretionary), we walk away incrementally positive on our apparel/footwear manufactures given solid demand trends," analyst Gabriella Carbone said in the note.

Carbone said the supply situation was improving while the three companies' "diversified channel and geographic mix" should help if sales start slowing down in the US.

Price: 92.58, Change: +0.42, Percent Change: +0.46