Earnings Scoreboard: 12 of 17 consumer cyclical stocks beat estimates last week

With earnings season in focus, 17 consumer discretionary/cyclical names reported their quarterly results last week, with names like Tesla (NASDAQ:TSLA), General Motors (NYSE:GM), Chipotle Mexican Grill (NYSE:CMG), and others in focus.

During the week, 12 of the 17 reporting cyclical stocks that are a part of the Consumer Discretionary Select Sector SPDR Fund ETF (NYSEARCA:XLY) posted an earnings beat, while 2 missed expectations. The remaining 3 names gave either in-line or mixed results.

Quick recap of last week’s earnings from sector giants:

EV giant Tesla (NASDAQ:TSLA) earned an adjusted profit of $0.40 per share, that matched the consensus estimates. Revenue estimates beat expectations at $22.49B, down 11.8% from last year. The results were not as bad as Wall Street expected, and they avoided a second consecutive top- and bottom-line miss with profits in line with expectations. Additionally, the company assured investors that plans for a lower-cost vehicle “remain on track for the second half of 2025.”

Weighed down by import tariffs, General Motors’ (NYSE:GM) earned a profit of $2.53 per share, which stood above market expectations. The automaker acknowledged a $1.1B hit to its core profit as a result of tariffs and a 300 basis point erosion in EBIT margin of 6.1%.

Chipotle Mexican Grill saw a 3%Y/Y increase in total revenue, which was driven by new restaurant openings; however, the figure fell below estimates, missing by $60M. The restaurant chain saw earnings of $0.33, which were in line with expectations. “We are seeing momentum build as we rolled out our summer marketing initiatives and as our comparisons ease,” said CEO Scott Boatwright.

Domino’s (NASDAQ:DPZ) earned a profit of $3.81 per share, down from $4.03 a year ago and 14 cents less than Wall Street expected. It earned a profit of $3.81 per share, down from $4.03 a year ago and 14 cents less than Wall Street expected. The pizza maker expects global retail sales growth to be generally in line with 2024.

Overall, roughly 70% of the S&P 500 consumer discretionary (XLY) companies have exceeded consensus EPS estimates so far this quarter.

For the upcoming week, notable consumer discretionary tickers scheduled to report results are Starbucks (NASDAQ:SBUX), Booking.com (NASDAQ:BKNG), Royal Caribbean (NYSE:RCL), and eBay (NASDAQ:EBAY), among others.

ETFs to keep a tab on consumer cyclicals: (NYSEARCA:XLY), (NYSEARCA:VCR), (NYSEARCA:FXD), (NYSEARCA:FDIS), (NYSEARCA:RSPD), and (NYSEARCA:RXI).