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Expedia sinks as soft US travel demand weighs on the online travel giant’s Q1 results

Travel stocks are under pressure as more would-be vacationers stay put.

Nia Warfield

Expedia shares were down about 7% Monday afternoon after the travel booking company missed Q1 expectations, hit by slowing US booking demand. Adjusted earnings per share came in at $0.40, slightly ahead of estimates — but a diluted loss of $1.56 per share was far steeper than Wall Street’s expected $0.46 loss.

Revenue also came up short, landing at $2.98 billion versus the $3.01 billion forecast. The softness came from weaker bookings in the US across Expedia’s portfolio, which includes Hotels.com and vacation rental platform VRBO.

Expedia’s stumble adds to growing signs of a travel cooldown. Hotel giant Hilton Worldwide recently trimmed its full-year outlook for room revenue, and Airbnb reported softer results and said travelers are booking closer to departure — a signal that consumers may be getting pickier with their plans.

Meanwhile, with domestic demand easing, airfare prices are dropping. Airlines are slashing off-peak fares and cutting extra capacity for the back half of the year. Expedia shares are now down about 16% year to date.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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