Q4 Earnings Highlights: Bowlero (NYSE:BOWL) vs The Consumer Discretionary Sector
In this analysis, we compare the Q4 earnings of Bowlero (NYSE:BOWL) to the broader consumer discretionary sector, which includes companies from various industries including entertainment, travel, and retail.
Sector Performance
The 59 consumer discretionary stocks tracked by our platform reported a satisfactory Q4. As a group, revenues surpassed analysts' estimates by 1.7%, while revenue guidance for the next quarter fell 1% short. However, despite some outperforming stocks, the sector has declined overall, with share prices averaging a 1.1% drop since the earnings release.
Bowlero (NYSE:BOWL)
Operating over 300 locations globally, Bowlero offers a contemporary bowling experience. The company reported revenues of $300.1 million, a 1.8% year-over-year decrease, falling short of analysts' expectations by 4.9%. The quarter was weaker overall, with a significant miss on analysts' adjusted operating income estimates. The stock remains flat since reporting, currently trading at $11.80.
Best Q4: VF Corp (NYSE:VFC)
VF Corp is a clothing conglomerate known for brands such as The North Face, Vans, and Supreme. The company exceeded analysts' expectations by 1.2%, reporting revenues of $2.83 billion, a 1.9% year-over-year increase. VF Corp had a strong quarter, beating estimates for constant currency revenue and EPS. Despite the positive earnings, the market reacted negatively, with the stock declining 4.8% since reporting, currently trading at $25.29.
Weakest Q4: 1-800-FLOWERS (NASDAQ:FLWS)
1-800-FLOWERS, an online retailer of flowers and gifts, reported revenues of $775.5 million, a 5.7% year-over-year decrease, missing analysts' expectations by 3.4%. The quarter was disappointing, as the company missed estimates for full-year EBITDA and EPS. The stock has fallen 2.8% since the results, currently trading at $8.57.
Other Notable Earnings
* Apple (NASDAQ:AAPL): Revenues met expectations at $124.3 billion, up 4% year-over-year. The stock is up 1.6% since reporting.
* CBRE (NYSE:CBRE): Revenues exceeded analysts' expectations by 1.2%, reaching $10.4 billion, a 16.2% year-over-year increase. The stock is up 1.2% since reporting.