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)....
Read the full article on Seeking Alpha
For further details see:
Q4 2023 U.S. Retail Preview: Retailers Had A Jolly Holiday Season