Despite a decent start for earnings season, Wall Street experts are increasingly warning that corporate profits are likely to take a hit as inflation remains a “headwind” to economic growth and pricing pressures take a bigger toll on consumers....
What’s more, out of the companies that have reported first-quarter earnings so far, many are warning about the heightened impact from inflation, as pricing pressures affect both margins and consumer demand. Restaurant traffic and customer demand “may be more volatile in the near term as consumers face significant cost inflation,” food processing company Lamb Weston warned on its earnings call earlier this month.
Just like the 1970s. Record profits till 1975, which was followed by record commodity prices. Crushing companies