Business

Add as a preferred source on Google

Consumer Discretionary Firms Log Sales Growth More Often Than Earnings Gains

Revenue forecasts were topped by eight firms and missed by five; seven companies exceeded EPS forecasts, five fell short and one matched.

Updated 1 min read
Shoppers pass department-store windows along Chicago’s Magnificent Mile on an overcast afternoon. / EconoTimes.ai
Shoppers pass department-store windows along Chicago’s Magnificent Mile on an overcast afternoon. / EconoTimes.ai

A 13-company consumer discretionary results tally found year-over-year revenue growth at nine firms, one more than the eight that reported higher earnings, as four major companies are expected to report next week.

Revenue results included eight beats and five misses; EPS results included seven beats, five misses and one in-line result.

Four companies are expected to report next week. Analyst estimates are McDonald’s: $7.29 billion in revenue and $3.38 EPS; Airbnb: $4.75 billion and $2.85; Booking Holdings: $9.54 billion and $4.50; DoorDash: $4.84 billion and $1.58.

Related articles

View all