What earnings calls have been revealing about consumer weakness

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 41 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 63%

Lamb Weston News

Scott Krisiloff,Quarterly Reports,Comcast

In their latest quarterly reports, LVMH (MC.PA), Lamb Weston (LW), and Comcast (CMCSA) all suffered from decreasing demand amid broader consumer weakness...

Scott Krisiloff, Editor of The Transcript, studies earnings and conference calls. He anticipates that after the July jobs report and stock market selloff, executives will be asked about recession worries more, but he notes that"we had been seeing broadening consumer softness, slowdown in growth... so these were the precursors to things that we're seeing today."

And broadly, when, when you look at those earnings calls Scott and they talk about consumer weakness, was it was it specific consumers?Well, you know, for the past probably 18 months, almost two years, we have been seeing that lower income consumers were showing a lot more weakness than higher income consumers.

You actually have had weakness within the economy for a much longer period of time, up to eight quarters in areas like transports in areas like capital markets where capital markets have been more or less frozen IP O markets for a long time now.And so you've actually had this like recession going on underneath the hood of the economy that as the FED is starting to lower interest rates, that provides a springboard for more interest rate, sensitive sectors to start to rebound.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Loblaw, parent company George Weston agree to pay $500-million to settle bread price-fixing lawsuitsCanada’s largest grocer and holding company already publicly acknowledged their participation in price-fixing in 2017 in exchange for immunity from criminal charges
Source: globeandmail - 🏆 5. / 92 Read more »