latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/expedia-q3-earnings-miss-drags-on-consumer-discretionary-stocks-in-november-55938530 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Expedia Q3 earnings miss drags on consumer discretionary stocks in November

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Expedia Q3 earnings miss drags on consumer discretionary stocks in November

The S&P 500 Consumer Discretionary index posted an increase of 1.3% for the month of November, compared to the 3.6% growth in the overall S&P 500 index, according to data compiled by S&P Global Market Intelligence.

SNL Image

The performance of Expedia Group Inc., whose stock fell 25.3%, and Dollar Tree Inc., which saw its shares decline 17.2%, dragged the consumer discretionary sector down in November. The companies were two of the five worst performers of the overall S&P 500 index.

SNL Image

Shares of online travel company Expedia reached a 52-week low of $93.53 on Nov. 19. following Expedia's announcement that third-quarter adjusted EPS declined 5% year over year, missing analysts' expectations for the period.

Meanwhile, Dollar Tree's shares slid nearly 15% on Nov. 26 after it posted weaker-than-expected earnings for the third quarter. The discount chain lowered its forecast for fiscal 2019 as it anticipates a negative impact from tariffs in 2020.

Under Armour Inc. recorded a loss of 8.5% in November. Its shares dropped 19% on Nov. 4 after the athletic apparel company reported third-quarter loss that was wider than analysts' expectations. Under Armour is also facing a federal investigation into its accounting practices, specifically whether it overstated its quarterly sales figures, according to a report by The Wall Street Journal.

Kohl's Corp., whose stock fell 8.3% during the month, announced Nov. 19 that its adjusted diluted EPS for the third quarter dropped 24% year over year, missing analysts' estimates. It also cut its earnings outlook for the full year.

Booking Holdings Inc. saw its shares fall 7.1% in November. Shares of the travel company declined 9% on Nov. 7 despite posting better-than-expected earnings for the three-month period.

SNL Image

The consumer discretionary company with the highest return for the month was Capri Holdings Ltd. with a gain of 19.5%. The owner of the Michael Kors and Versace brands reported second-quarter earnings that fell short of expectations on Nov. 6 but saw its shares steadily climb throughout the month, reaching $37.61 on Nov. 25.

Target Corp. recorded an increase of 17.6% in November. Shares of the general merchandiser soared to a 52-week high of $127.97 on Nov. 21 after the company posted better-than-expected results for the third quarter and raised its forecast for fiscal 2019. CEO and Chairman Brian Cornell said Target is "well-positioned" to deal with the impact of tariffs on Chinese imports.

L Brands Inc.'s total return during the month grew 14.3%. The retailer narrowed its outlook for fiscal 2019 and said it will not hold its annual Victoria's Secret fashion show this year in a bid to update the brand's marketing strategy.

Best Buy Co. Inc. posted a gain of 12.3% for the month. It raised its guidance for fiscal 2020 after beating estimates for the third quarter, prompting its shares to reach a 52-week high of $83.63 on Nov. 26.

Meanwhile, casino operator MGM Resorts International recorded a 12.1% increase in November as its shares hit a 52-week high of $32.24 on Nov. 29.