Dick's Sporting Goods leads Q1 specialty retail revenue growth but shares fall

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

Dick's Sporting Goods posted the fastest revenue growth among seven tracked specialty retailers in the first quarter, with sales surging 62.7% year on year to $5.16 billion, beating analyst estimates by 2.1%. Despite also delivering the highest full-year guidance raise in the group, Dick's shares have fallen 6.7% since the report. Bath and Body Works outperformed expectations with a 1.2% revenue beat and the highest guidance raise overall, sending its stock up 17.7%. Best Buy topped estimates by 1.3% on revenue of $8.94 billion and saw its stock jump 32.5%, while Sally Beauty posted the weakest results, missing EPS guidance significantly. Warby Parker exceeded revenue forecasts by 1.3% but issued the weakest full-year guidance update, though its stock still rose 21.9%.

Impact on stocks 5

Consumer Discretionary± Mixed · 5 stocks
Bath & Body Works Inc.
BBWI
▲ PositiveCapitalrelevance

Bath and Body Works beat revenue estimates by 1.2% and issued the highest guidance raise, sending stock up 17.7%.

Best Buy Co. Inc
BBY
▲ PositiveCapitalrelevance

Best Buy topped revenue estimates by 1.3% and saw its stock jump 32.5%.

Warby Parker Inc
WRBY
▲ PositiveCapitalrelevance

Warby Parker exceeded revenue forecasts by 1.3% and its stock rose 21.9% despite weak guidance.