General Merchandise Retail Stocks Post Strong Q1, Kohl's Revenue Declines While Five Below Leads Growth

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

The eight general merchandise retail stocks tracked by this publication reported a very strong first quarter, with revenues beating analysts' consensus estimates by 2.5% and next quarter's revenue guidance coming in 2.2% above expectations. Kohl's reported revenues of $3.17 billion, down 2% year on year and in line with expectations, making it the slowest grower in the group, though its stock has risen 33.4% since the report. Five Below led the group with revenues of $1.29 billion, up 32.5% year on year and beating estimates by 5.7%, while also delivering the highest guidance raise among peers, yet its stock fell 9.1%. Ollie's Bargain Outlet posted revenues of $658.9 million, up 14.2% but missing estimates by 0.7%, and its stock dropped 16.4%. Burlington Stores reported revenues of $2.86 billion, up 14.1% and beating estimates by 2.7%, with its stock up 5.9%. Ross Stores achieved the biggest analyst estimate beat with revenues of $6.01 billion, up 20.6% and surpassing expectations by 6.6%, and its stock gained 7.6%.

Impact on stocks 5

Consumer Discretionary± Mixed · 5 stocks
Burlington Stores Inc
BURL
▲ PositiveDemandrelevance

Burlington Stores reported revenues up 14.1%, beating estimates by 2.7%, and stock rose 5.9%.

Five Below Inc
FIVE
± MixedDemandrelevance

Five Below led growth with revenues up 32.5% and beat estimates by 5.7%, but stock fell 9.1%.

Kohl's Corporation
KSS
▼ NegativeDemandrelevance

Kohl's revenues down 2% year on year, slowest grower in the group.

Ross Stores Inc
ROST
▲ PositiveDemandrelevance

Ross Stores achieved biggest analyst estimate beat with revenues up 20.6% and stock gained 7.6%.