Home Furnishing and Improvement Retail Stocks: Q1 Earnings Review and Comparison

As the first quarter of 2024 comes to a close, it's time to take stock of the best and worst performers in the home furnishing and improvement retail industry. The 7 home furnishing and improvement retail stocks we track reported a slower Q1, with revenues and next quarter's revenue guidance in line with analysts' consensus estimates. However, share prices have collectively declined by an average of 2.2% since the latest earnings results. Home Depot (NYSE: HD), a home improvement retailer that sells everything from tools to building materials to appliances, reported revenues of $39.86 billion, up 9.4% year on year, surpassing analysts' expectations by 1.6%. Despite this, the stock is down 6.4% since reporting and currently trades at $354.95. The company logged a miss of analysts' EBITDA estimates and gross margin in line with analysts' estimates. On the other hand, Williams-Sonoma (NYSE: WSM), a specialty retailer of higher-end kitchenware, home goods, and furniture, reported revenues of $1.73 billion, up 4.2% year on year, outperforming analysts' expectations by 4%. The business had a strong quarter with a decent beat of analysts' EBITDA estimates. The stock is down 9.3% since reporting and currently trades at $152.13. Sleep Number (NASDAQ: SNBR), known for its adjustable mattresses, reported revenues of $393.3 million, down 16.4% year on year, falling short of analysts' expectations by 1.2%. It was a softer quarter as it posted a significant miss of analysts' EBITDA and EPS estimates. The stock is down 6.7% since the results and currently trades at $7.27. Floor And Decor (NYSE: FND), a specialty retailer that specializes in hard flooring surfaces for the home such as tiles, hardwood, stone, and laminates, reported revenues of $1.16 billion, up 5.8% year on year, in line with analysts' expectations. However, it produced full-year revenue guidance missing analysts' expectations. The stock is up 1.8% since reporting and currently trades at $73. In conclusion, while some home furnishing and improvement retail stocks have fared better than others, they have collectively declined in the first quarter of 2024. As these companies continue to adapt to new realities and consumer behaviors, investors should carefully consider their options before making any decisions on whether to buy or sell these stocks. For a more detailed analysis of these companies' earnings results, please visit our website for free access to our full reports.