ONLN - Q4 2023 U.S. Retail Preview: Retailers Had A Jolly Holiday Season

2024-02-21 03:03:00 ET

Summary

• The LSEG U.S. Retail and Restaurant Q4 earnings index, which tracks changes in the growth rate of earnings within the sector, is expected to show a 33.7% growth over last year’s levels.
• Within the Broadline Retail sector, Amazon already recorded the strongest earnings growth rate of 3,233.3%.
• So far, 94 retailers have reported Q4 earnings; of this group, 57 mentioned inflation.
• The LSEG Restaurant Same Store Sales index has improved, and the index is expected to see a robust 4.9% growth in SSS in Q4 2023, despite facing last year’s difficult comparison of a 6.1% gain.

By Jharonne Martis

The LSEG U.S. Retail and Restaurant Q4 earnings index, which tracks changes in the growth rate of earnings within the sector, is expected to show a 33.7% growth over last year’s levels. However, much of this growth is coming from just two categories, and our metrics show that six of 10 consumer-related industries have turned negative (Exhibit 1)....

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