Peloton Interactive IncPeloton reported Q1 revenue beat of 2.1% and adjusted operating income beat, driving shares up 10.4%.
Peloton reported first-quarter revenues of $630.9 million, up 1.1% year on year and exceeding analysts' expectations by 2.1%. The company also delivered an impressive beat on adjusted operating income, though full-year EBITDA guidance missed estimates. Among the 141 consumer discretionary stocks tracked, overall revenues beat consensus by 2% while next-quarter guidance came in 4.1% below. The sector's share prices have risen 5.9% on average since earnings, with Peloton's stock up 10.4% to $5.74. Howard Hughes Holdings was the best performer with a 20.4% revenue beat, while Leggett & Platt was the weakest after missing revenue estimates by 3.3%.
Peloton Interactive IncPeloton reported Q1 revenue beat of 2.1% and adjusted operating income beat, driving shares up 10.4%.
Leggett & Platt IncorporatedLeggett & Platt missed revenue estimates by 3.3%, making it the weakest performer.
Brunswick Corporation
Stitch Fix
Howard Hughes Holdings Inc.Howard Hughes Holdings had the best revenue beat (20.4%) among tracked consumer discretionary stocks.