Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Bowlero (NYSE:BOWL) and the best and worst performers in the consumer discretionary industry.
This sector includes everything from cable TV services to hotel stays to gym memberships. While diverse, the way people buy and experience these products is being upended by the internet and digitization. Consumer discretionary companies are working to adapt to secular trends such as streaming video, online marketplaces for lodging accommodations, and connected fitness. That discretionary purchases are, by definition, something consumers can give up makes it even more imperative for companies in the space to adapt.
The 46 consumer discretionary stocks we track reported a satisfactory Q4. As a group, revenues beat analysts’ consensus estimates by 2% while next quarter’s revenue guidance was 1.7% below.
In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.
Bowlero (NYSE:BOWL)
Operating over 300 locations globally, Bowlero (NYSE:BOWL) is a contemporary bowling company merging classic lanes with entertainment and deluxe food offerings.
Bowlero reported revenues of $300.1 million, down 1.8% year on year. This print fell short of analysts’ expectations by 4.9%. Overall, it was a slower quarter for the company with a significant miss of analysts’ adjusted operating income estimates.
The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $11.80.
Read our full report on Bowlero here, it’s free.
Best Q4: VF Corp (NYSE:VFC)
Owner of The North Face, Vans, and Supreme, VF Corp (NYSE:VFC) is a clothing conglomerate specializing in branded lifestyle apparel, footwear, and accessories.
VF Corp reported revenues of $2.83 billion, up 1.9% year on year, outperforming analysts’ expectations by 1.2%. The business had a stunning quarter with an impressive beat of analysts’ constant currency revenue estimates.
Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 7.2% since reporting. It currently trades at $24.66.
Is now the time to buy VF Corp? Access our full analysis of the earnings results here, it’s free.
Weakest Q4: 1-800-FLOWERS (NASDAQ:FLWS)
Founded in 1976, 1-800-FLOWERS (NASDAQ:FLWS) is an online retailer of flowers, gifts, and gourmet foods, serving customers globally.
1-800-FLOWERS reported revenues of $775.5 million, down 5.7% year on year, falling short of analysts’ expectations by 3.4%. It was a disappointing quarter as it posted full-year EBITDA guidance missing analysts’ expectations and a significant miss of analysts’ EPS estimates.
As expected, the stock is down 10.8% since the results and currently trades at $7.86.
Read our full analysis of 1-800-FLOWERS’s results here.
Brunswick (NYSE:BC)
Formerly known as Brunswick-Balke-Collender Company, Brunswick (NYSE: BC) is a designer and manufacturer of recreational marine products, including boats, engines, and marine parts.
Brunswick reported revenues of $1.15 billion, down 15.2% year on year. This number topped analysts’ expectations by 11.3%. Aside from that, it was a satisfactory quarter as it also logged an impressive beat of analysts’ EPS estimates but full-year EPS guidance missing analysts’ expectations significantly.
Brunswick achieved the biggest analyst estimates beat and highest full-year guidance raise among its peers. The stock is down 2.7% since reporting and currently trades at $66.35.
Read our full, actionable report on Brunswick here, it’s free.
Comcast (NASDAQ:CMCSA)
Formerly known as American Cable Systems, Comcast (NASDAQ:CMCSA) is a multinational telecommunications company offering a wide range of services.
Comcast reported revenues of $31.92 billion, up 2.1% year on year. This print beat analysts’ expectations by 1%. It was a strong quarter as it also recorded a decent beat of analysts’ EPS and adjusted operating income estimates.
The stock is down 7.7% since reporting and currently trades at $34.47.
Read our full, actionable report on Comcast here, it’s free.
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