Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at 1-800-FLOWERS (NASDAQ:FLWS) and the best and worst performers in the specialized consumer services industry.
Some consumer discretionary companies don’t fall neatly into a category because their products or services are unique. Although their offerings may be niche, these companies have often found more efficient or technology-enabled ways of doing or selling something that has existed for a while. Technology can be a double-edged sword, though, as it may lower the barriers to entry for new competitors and allow them to do serve customers better.
The 11 specialized consumer services stocks we track reported a mixed Q1; on average, revenues beat analyst consensus estimates by 0.6%. while next quarter's revenue guidance was in line with consensus. Stocks--especially those trading at higher multiples--had a strong end of 2023, but 2024 has seen periods of volatility. Mixed signals about inflation have led to uncertainty around rate cuts, and specialized consumer services stocks have held roughly steady amidst all this, with share prices up 1.7% on average since the previous earnings results.
1-800-FLOWERS (NASDAQ:FLWS) Founded in 1976, 1-800-FLOWERS (NASDAQ:FLWS) is an online retailer of flowers, gifts, and gourmet foods, serving customers globally.
1-800-FLOWERS reported revenues of $379.4 million, down 9.1% year on year, falling short of analysts' expectations by 1.2%. Overall, it was a weak quarter for the company with a miss of analysts' earnings estimates.
“As we continue on our reversion to the mean path, our gross margin continued its significant recovery, improving 300 basis points during the third quarter,” said Jim McCann, Chairman and Chief Executive Officer of 1-800-FLOWERS.COM,
The stock is up 21.1% since reporting and currently trades at $10.95.
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Best Q1: WW (NASDAQ:WW) Formerly known as Weight Watchers, WW (NASDAQ:WW) is a wellness company offering a range of products and services promoting weight loss and healthy habits.
WW reported revenues of $206.5 million, down 14.6% year on year, outperforming analysts' expectations by 3.6%. It was a strong quarter for the company with an impressive beat of analysts' earnings estimates.
Although it had a great quarter compared its peers, the market seems unhappy with the results as the stock is down 33.3% since reporting. It currently trades at $1.26.
Weakest Q1: LKQ (NASDAQ:LKQ) A global distributor of vehicle parts and accessories, LKQ (NASDAQ:LKQ) offers its customers a comprehensive selection of high-quality, affordably priced automobile products.
LKQ reported revenues of $3.70 billion, up 10.6% year on year, falling short of analysts' expectations by 1.6%. It was a weak quarter for the company with a miss of analysts' earnings and organic revenue estimates.
As expected, the stock is down 9.4% since the results and currently trades at $44.32.
Service International (NYSE:SCI) Founded in 1962, Service International (NYSE: SCI) is a leading provider of death care products and services in North America.
Service International reported revenues of $1.05 billion, up 1.6% year on year, surpassing analysts' expectations by 2.7%. Taking a step back, it was a good quarter for the company with a decent beat of analysts' earnings estimates.
The stock is up 1.3% since reporting and currently trades at $72.32.
Pool (NASDAQ:POOL) Founded in 1993 and headquartered in Louisiana, Pool (NASDAQ:POOL) is one of the largest wholesale distributors of swimming pool supplies, equipment, and related leisure products.
Pool reported revenues of $1.12 billion, down 7.1% year on year, in line with analysts' expectations. More broadly, it was a decent quarter for the company with strong earnings guidance for the full year.
The stock is down 14% since reporting and currently trades at $323.93.
This content was originally published on Stock Story
