EBIZ - Kicking Around Preliminary Earnings Trends In The Consumer Space
2024-01-24 23:40:00 ET
Summary
- December Retail Sales were impressive, generally topping economists' estimates.
- Three Consumer Discretionary companies provided earnings updates earlier this month.
- Spotting key volatility catalysts on the calendar is key ahead of the retail reporting season next month.
Never bet against the American consumer. That's what so many pundits say, and the December Retail Sales report put out by the US Census Bureau last Wednesday underscored strength in spending to wrap up 2023.[1]
Both the headline figure and the "control group," which backs out some volatile categories, came in well above economists' estimates.[2]...
Kicking Around Preliminary Earnings Trends In The Consumer Space