Sector analysis · US
Consumer Discretionary: which companies drove growth
The 20 largest Consumer Discretionary companies by market cap at the end of Q1 2024 (31 Mar 2024), compared with Q4 2023.
The top 20 at Q1 2024
Q1 2024 vs Q4 2023: combined net profit $31.6B (−7%), median EPS −2% (10 of 20 up), market-cap-weighted price +4%. 20 of 20 reported.
| # | Company | Weight | EPS $, base → now | EPS growth | Contribution | Price |
|---|---|---|---|---|---|---|
| 1 | Amazon.com, Inc. | 42.9% | 1.00 → 0.98 | −2% | −0.5 pp | +18% |
| 2 | Tesla, Inc. | 12.8% | 2.27 → 0.41 | −82% | −18.3 pp | −29% |
| 3 | The Home Depot, Inc. | 8.7% | 2.82 → 3.63 | +29% | +2.2 pp | +11% |
| 4 | McDonald's Corporation | 4.7% | 2.80 → 2.66 | −5% | −0.3 pp | −5% |
| 5 | Lowe's Companies, Inc. | 3.3% | 1.77 → 3.06 | +73% | +2.1 pp | +14% |
| 6 | NIKE, Inc. | 3.3% | 1.03 → 0.77 | −25% | −1.1 pp | −14% |
| 7 | Booking Holdings Inc. | 2.8% | 0.25 → 0.89 | +256% | +1.5 pp | +2% |
| 8 | The TJX Companies, Inc. | 2.6% | 1.22 → 0.93 | −24% | −0.9 pp | +9% |
| 9 | Airbnb, Inc. | 2.4% | −0.55 → 0.41 | turned profitable | +1.7 pp | +18% |
| 10 | Starbucks Corporation | 2.4% | 0.90 → 0.68 | −24% | −0.7 pp | −5% |
| 11 | Chipotle Mexican Grill, Inc. | 1.8% | 0.20 → 0.26 | +30% | +0.2 pp | +27% |
| 12 | MercadoLibre, Inc. | 1.8% | 3.25 → 6.79 | +109% | +0.5 pp | −4% |
| 13 | Marriott International, Inc. | 1.7% | 2.87 → 1.93 | −33% | −0.8 pp | +12% |
| 14 | O'Reilly Automotive, Inc. | 1.5% | 0.65 → 0.64 | −2% | 0.0 pp | +19% |
| 15 | D.R. Horton, Inc. | 1.2% | 2.82 → 3.52 | +25% | +0.6 pp | +8% |
| 16 | AutoZone, Inc. | 1.2% | 32.55 → 28.89 | −11% | −0.2 pp | +24% |
| 17 | Hilton Worldwide Holdings Inc. | 1.2% | 0.57 → 1.04 | +82% | +0.3 pp | +17% |
| 18 | Ford Motor Company | 1.2% | −0.13 → 0.33 | turned profitable | +5.2 pp | +9% |
| 19 | General Motors Company | 1.2% | 1.59 → 2.56 | +61% | +2.5 pp | +24% |
| 20 | Lululemon Athletica Inc. | 1.1% | 5.29 → 2.54 | −52% | −1.0 pp | −24% |
| Sector earnings growth | 100% | −7.0 pp |
Who joined and who left
1 joined and 1 left the top 20 since Q4 2023, as market caps moved.
Joined the top 20 since Q4 2023
Left the top 20 since Q4 2023
- Ross Stores, Inc.
EPS growth by company, Q3 2023 to Q2 2026
Each company's EPS growth quarter on quarter, every quarter it was in the top 20.
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AMZN | +45% | +6% | −2% | +29% | +13% | +30% | −15% | +6% | +16% | 0% | +43% | +107% |
| TSLA | −32% | +328% | −82% | −2% | +55% | +6% | −82% | +187% | +17% | −38% | −46% | +146% |
| HD | −18% | −26% | +29% | +27% | −20% | −18% | +14% | +33% | −21% | −29% | +28% | +45% |
| MCD | +1% | −12% | −5% | +5% | +12% | −11% | −7% | +21% | +1% | −5% | −8% | +19% |
| LOW | −33% | −42% | +73% | +36% | −28% | −33% | +46% | +46% | −33% | −38% | +63% | +47% |
| NKE | +42% | +10% | −25% | +29% | −29% | +11% | −31% | −74% | +250% | +10% | −35% | +106% |
| BKNG | +100% | −91% | +256% | +98% | +68% | −57% | −68% | +172% | +208% | −48% | −22% | +86% |
| TJX | +21% | +18% | −24% | +3% | +19% | +8% | −25% | +20% | +16% | +23% | −25% | +14% |
| ABNB | +577% | to loss | turned profitable | +110% | +148% | −66% | −66% | +312% | +115% | −76% | −52% | +427% |
| SBUX | +7% | −15% | −24% | +37% | −14% | −14% | −51% | +44% | −76% | +117% | +73% | +102% |
| CMG | −8% | −13% | +30% | +27% | −15% | −14% | +17% | +14% | −9% | outside | outside | outside |
| MELI | +40% | −55% | +109% | +54% | −25% | +61% | −23% | +6% | −20% | +33% | −25% | +12% |
| MAR | +5% | +14% | −33% | +39% | −23% | −22% | +48% | +16% | −4% | −38% | +46% | +18% |
| ORLY | +4% | −13% | −2% | +16% | +3% | −17% | −2% | +25% | +9% | −16% | +1% | +19% |
| DHI | outside | −37% | +25% | +16% | −4% | outside | outside | outside | outside | outside | outside | outside |
| AZO | +36% | outside | −11% | +27% | +41% | −37% | −13% | +25% | +38% | −36% | −11% | +38% |
| HLT | −7% | −60% | +82% | +61% | −17% | +49% | −40% | +50% | −4% | −28% | +30% | +27% |
| F | −36% | to loss | turned profitable | +39% | outside | outside | outside | outside | outside | to loss | turned profitable | to loss |
| GM | +20% | −28% | +61% | −1% | +6% | to loss | turned profitable | outside | −29% | to loss | turned profitable | −51% |
| LULU | −27% | +170% | −52% | outside | outside | +114% | outside | outside | outside | outside | outside | outside |