To date, 180 of the 204 companies in our Retail/Restaurant Index have reported their EPS results for Q1 2023, representing 88% of the index. Of those companies that have reported their quarterly results, 76% announced profits that beat analysts’ expectations, while 2% delivered on-target results and 22% reported earnings that fell below estimates. The Q1 2023 blended earnings growth estimate now stands at 33.3%. The blended revenue growth estimate for the 204 companies in this index is 4.6% for Q1 2023. Of those companies that have reported their quarterly results so far, 73% announced revenue that exceeded analysts’ expectations and

Michael Kors thrives despite a slow retail environment.