RTH - Consumer Confidence Pushing Q1 U.S. Retail Sales
By Jharonne Martis
The Q1 2019 retail blended earnings growth estimate is 6.3%. In the U.S. retail landscape, ongoing strength in consumer spending continued in Q1, but is the economy's strength sustainable?
Let's dig in and see:
- The Refinitiv consumer confidence index remained strong in Q1 2019, which benefited retail sales.
- Globally, the U.S. job index is the strongest, but consumers are questioning whether this strength is sustainable.
- These trends in consumer confidence are also reflected in the latest earnings guidance numbers, as retailers are providing more negative earnings pre-announcements vs. positive for Q1 and