Are these US retail stocks worth watching in Q1 2023?

Highlights:

• Dollar Tree’s revenue in Q3 2022 was US$ 6,939.9 million.
• MarineMax stock gained 10.41 per cent in the running quarter.
• RumbleON's net income in Q3 2022 was US$ 3 million.

The slowing economy, the running inflation, and the Fed Reserve’s hawkish monetary policies brought volatility into the US equity market in 2022. Sectors like tech and retail suffered the most throughout the year. However, as a new year begins, investors are looking for a dovish stance from the Central Bank officials.  

Amid, we look at three US retail stocks and their performances in the latest quarter:

Dollar Tree Inc. (NASDAQ: DLTR)

Dollar Tree is an American MNC that runs discount stores in the US and Canada. The Chesapeake, Virginia-based Fortune 500 company has an EPS of 7.17 and a P/E ratio of 20.50.

The total revenue of Dollar Tree in Q3 2022 was US$ 6,939.9 million compared to US$ 6,417.7 million in the same quarter in 2021.

Meanwhile, the operating income of the US retail giant was reported at US$ 381.3 million versus US$ 310.5 million in the year-ago quarter. Dollar Tree’s consolidated net sales in the third quarter of 2022 jumped 8.1 per cent to US$ 6.94 billion compared to the same period a year ago.

The company said that in its outlook for the year, it expects the consolidated net sales of the company in the range between US$ 28.14 billion and US$ 28.28 billion. The DLTR stock rose 4.11 per cent YTD.

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MarineMax Inc. (NYSE: HZO)

MarineMax is a US company that sells recreational boats under premium brands. They sell new and old boats and related marine products, including engines, parts, accessories, etc.

The revenue of MarineMax soared to US$ 536.76 million in the fourth quarter of 2022, up 16 per cent year-over-year (YoY).

The company's gross profit in the last quarter of 2022 came to US$ 196.76 million versus US$ 174.55 million in the year-ago quarter. The net income of MarineMax in the third quarter of 2023 was US$ 38.36 million against US$ 32.82 million in the corresponding quarter a year ago.

The diluted net income per share was reported to be US$ 1.73 in Q3 2022 compared to US$ 1.45 in the same period in 2021.

The HZO stock gained 10.41 per cent in the running quarter.

RumbleOn Inc. (NASDAQ: RMBL)

RumbleON Inc is an American online retailer that facilitates both consumers and dealers to buy and sell used motorcycles.

RumbleON posted a revenue of US$ 470.3 million in the third quarter of 2022 compared to US$ 221.2 million. Its gross profit in the reported quarter was US$ 116.3 million, up 211 per cent YoY.

The company's net income in Q3 2022 was US$ 3 million, compared to a net loss of US$ 22.5 million. Its adjusted EBITDA in Q3 2022 was US$ 25.7 million. The RMBL stock surged over 50 per cent YTD.

Bottom line:

Although retail stocks are part of investors’ portfolios, they cannot guarantee profits. It is always necessary to keep yourself updated on market conditions and strategize accordingly.