Citi
May 21, 2026
The SMID Point
Weekly UpdateEquitiesMacro Economic IndicatorsConsumer DiscretionaryConsumer Staples
A Citi Research roundup highlighting positive growth outlooks for Boot Barn and mixed quarterly results for e.l.f. Beauty. It also notes an improvement in US home repair and remodel spending data for May.
Key Takeaways
- 1.Boot Barn (BOOT) management remains confident as its customer base is resilient to high gas prices and its needs-based merchandise provides a competitive edge.
- 2.e.l.f. Beauty (ELF) reported an F4Q26 beat driven by rhode brand sales, though FY27 guidance presented a mix of better-than-feared topline and soft EPS views.
- 3.US Building Products spending improved in May, accelerating to +5.0% Y/Y, though macro uncertainty and high gas prices remain watchpoints.
Table of Contents
- Company
- Industry
- Analyst Certification
- Important Disclosures
- Guide to Citi Research Fundamental Research Investment Ratings
- Catalyst Watch/Short Term Views (“STV”) Ratings Disclosure
- Other Disclosures
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Authors
Steven ZacconeFilippo FalorniAnthony PettinariJohn Godyn
Securities
BOOTELF
Themes
Consumer ResilienceR&R Activity Recovery
Regions
North AmericaEuropeUnited States