Consumer Discretionary Mixed Earnings: Sysco, FIGS, Mattel, Opendoor, AT&T
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Show Notes
Consumer discretionary companies wrapped up Q4 with mixed earnings, despite topping analyst estimates by 1.9% and meeting guidance for the next quarter. Sysco led the pack, with revenues up 3% and earnings per share beating forecasts, but EBITDA fell short. FIGS crushed it with sales up 33% and shares jumping 17%, while Mattel disappointed with sales up just 7.3% and shares dropping 30.6%. Opendoor and AT&T also reported mixed results, with shares only slightly affected. Overall, the sector is adapting to digital shifts, but earnings signal some are gaining traction while others hustle to catch up.
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