All-Time-High Consumer Discretionary Stocks in Q1: PEP, CMG, CELH, ELF

As the earnings season is coming to an end, we’d like to review this earnings season. Many stocks rose to an all-time-high or a new high in Q1.

According to Factset, consumer discretionary sector posted the highest earnings growth. Therefore, this article will list the cosumer discretionary stocks that reach a new high in Q1.

Consumer Discretionary Stocks That Reached A New High

1.$Pepsi(PEP)$ rose to an all-time-high of $196.88 on 15th May.

It posted earnings on 26th April, which boosted its outlook for the year and beat revenue expectations.

Adjusted EPS: $1.50 vs. $1.39

Revenue: $17.85 bln vs. $17.22 bln

2. Burrito chain  $Chipotle Mexican Grill(CMG)$ rose to an all-time-high of $2139.88 on 22nd May.

Chipotle Mexican Grill jumped 7.7% on the day following the company’s latest financial results. Its earnings and revenue both topped analysts’ expectations, fueled by better than expected same-store sales growth. Same-store sales rose 10.9%, topping StreetAccount estimates of 8.6%.

EPS: $10.50 vs. $8.92

Revenue: $2.37 bln vs. $2.34 bln

Same-store sales growth: 10.9% vs. 8.6%

The company reiterated its plans to open between 255 to 285 new restaurants during 2023.

3. Energy drink firm $Celsius Holdings, Inc.(CELH)$ rose to an all-time-high of $138.8 on 18th May.

Celsius Holdings Inc's shares rose nearly 20% after its earnings and revenue beat.

The company reported first-quarter earnings of $0.40, $0.21 better than the analyst estimate of $0.19, while revenue for the quarter came in at $260 million versus the consensus estimate of $218.31M.

 EPS: $0.40 vs. $0.19

Revenue: $260 million vs. $218.31M.

Reacting to the report, Jefferies analysts raised the firm's price target on the stock to $140 from $130, maintaining a Buy rating.

4. $e.l.f. Beauty Inc.(ELF)$ , the cosmetic and skin care producer rose to all-time-high of $107.15 yesterday.

It rocketed about 20% after offering a pretty guidance of the business and its prospects.

Sales: $187.4 mln vs. $156.12 mln

Adjusted EPS: $0.42 vs. $0.20

The cosmetics and skin care producer posted a 78% jump in net sales year over year to $187.4M, comfortably beating the $156.12M consensus expectation for the quarter. Meanwhile, $0.42 in adjusted earnings per share for the quarter more than doubled the $0.20 consensus expectation.

5. $Urban Outfitters(URBN)$ , retailer and wholesale, rose to a new high of $32.52 yesterday.

Shares of Urban Outfitters popped about 8% after the company reported fiscal first-quarter earnings that beat Wall Street’s estimates on the top and bottom lines.

EPS: 56 cents vs.35 cents expected

Revenue: $1.11 bln vs.$1.09 bln expected