To date, 191 of the 201 companies in our Retail/Restaurant Index have reported their EPS results for Q1 2024, representing 95% of the index. Of those companies that have reported their quarterly results, 73% announced profits that beat analysts’ expectations, while 1% delivered on-target results and 26% reported earnings that fell below estimates. The Q1 2024 blended earnings growth estimate now stands at 22.6%. The blended revenue growth estimate for the 201 companies in this index is 4.0% for Q1 2024. Of those companies that have reported their quarterly results so far, 53% announced revenue that exceeded analysts’ expectations and

To date, 151 of the 201 companies in our Retail/Restaurant Index have reported their EPS results for Q1 2024, representing 75% of the index. Of those companies that have reported their quarterly results, 74% announced profits that beat analysts’ expectations, while 1% delivered on-target results and 25% reported earnings that fell below estimates. The Q1 2024 blended earnings growth estimate now stands at 21.7%. The blended revenue growth estimate for the 201 companies in this index is 4.0% for Q1 2024. Of those companies that have reported their quarterly results so far, 53% announced revenue that exceeded analysts’ expectations and

The Refinitiv U.S. Retail and Restaurant Q1 earnings index, which tracks changes in the growth rate of earnings within the sector, is expected to show a 25.5% growth over last year’s levels. Our metrics show that seven of 10 consumer-related industries have turned negative (Exhibit 1). Of the 204 retailers tracked by Refinitiv, the Hotels, Restaurant & Leisure sector is headed for the highest earnings growth rate in the first quarter, recording a 3245.6% surge over last year’s level. In fact, it has been the strongest performing sector over the past year as consumers’ preferences have changed towards services. Making

The Refinitiv U.S. Retail and Restaurant Q3 earnings index is expected to rise 2.5% — considerably below last year’s 18.6% Q3 2018 earnings growth. When looking at the earnings growth rates for Q3 for the 209 retailers tracked by Refinitiv, the Hotels, Restaurant & Leisure sector has the highest earnings growth rate at 7.1%. On the flip side, the Household Durables has the weakest anticipated growth compared to Q3 2019. The Household Durables earnings growth rate is being affected by negative earnings growth expectations among homebuilding and household appliances companies. The homebuilding companies William Lyon Homes and Toll Brothers are