As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the consumer discretionary industry, including Sysco (NYSE: SYY) and its peers.

This sector includes everything from cable TV services to hotel stays to gym memberships. While diverse, the way people buy and experience these products is being upended by the internet and digitization. Consumer discretionary companies are working to adapt to secular trends such as streaming video, online marketplaces for lodging accommodations, and connected fitness. That discretionary purchases are, by definition, something consumers can give up makes it even more imperative for companies in the space to adapt.

The 141 consumer discretionary stocks we track reported a satisfactory Q1. As a group, revenues beat analysts’ consensus estimates by 2% while next quarter’s revenue guidance was 4.1% below.

Thankfully, share prices of the companies have been resilient as they are up 6.2% on average since the latest earnings results.

Sysco (NYSE: SYY)

Powering more than 730,000 commercial kitchens across North America and Europe, Sysco (NYSE: SYY) is a global food distributor that supplies restaurants, healthcare facilities, schools, hotels, and other foodservice establishments with food products and related services.

Sysco reported revenues of $20.52 billion, up 4.7% year on year. This print was in line with analysts’ expectations, but overall, it was a mixed quarter for the company.

“Sysco delivered strong results in the third quarter of fiscal 2026, driven by continued acceleration in local case volume and expanded gross margins,” said Kevin Hourican, Sysco’s Chair of the Board and Chief Executive Officer.

Interestingly, the stock is up 10.5% since reporting and currently trades at $83.25.

Read our full report on Sysco here, it’s free.

Best Q1: Smith & Wesson (NASDAQ: SWBI)

With a history dating back to 1852, Smith & Wesson (NASDAQ: SWBI) is a firearms manufacturer known for its handguns and rifles.

Smith & Wesson reported revenues of $178.4 million, up 26.7% year on year, outperforming analysts’ expectations by 14.9%. The business had an incredible quarter with a beat of analysts’ EPS and EBITDA estimates.

The market seems happy with the results as the stock is up 5.2% since reporting. It currently trades at $15.41.

Is now the time to buy Smith & Wesson? Access our full analysis of the earnings results here, it’s free.

Weakest Q1: Leggett & Platt (NYSE: LEG)

Founded in 1883, Leggett & Platt (NYSE: LEG) is a diversified manufacturer of products and components for various industries.

Leggett & Platt reported revenues of $918.2 million, down 10.2% year on year, falling short of analysts’ expectations by 3.3%. It was a disappointing quarter as it posted a significant miss of analysts’ adjusted operating income and EPS estimates.

Interestingly, the stock is up 2.4% since the results and currently trades at $11.64.

Read our full analysis of Leggett & Platt’s results here.

Wyndham (NYSE: WH)

Established in 1981, Wyndham (NYSE: WH) is a global hotel franchising company with over 9,000 hotels across nearly 95 countries on six continents.

Wyndham reported revenues of $327 million, up 3.5% year on year. This print surpassed analysts’ expectations by 1.8%. Zooming out, it was a mixed quarter as it also recorded a beat of analysts’ EPS estimates but a miss of analysts’ adjusted operating income estimates.

The stock is up 3.1% since reporting and currently trades at $86.69.

Read our full, actionable report on Wyndham here, it’s free.

Figs (NYSE: FIGS)

Rising to fame via TikTok and founded in 2013 by Heather Hasson and Trina Spear, Figs (NYSE: FIGS) is a healthcare apparel company known for its stylish approach to medical attire and uniforms.

Figs reported revenues of $159.9 million, up 28% year on year. This result beat analysts’ expectations by 4.7%. Overall, it was a stunning quarter as it also put up a beat of analysts’ EPS and EBITDA estimates.

The stock is down 26.5% since reporting and currently trades at $11.30.

Read our full, actionable report on Figs here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand-wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.