By Jharonne Martis
Retail analysts polled by Refinitiv are cautious about Q2 earnings expectations, especially since many retailers lowered their earnings guidance for Q2. The Q2 2019 retail blended earnings growth estimate is 1.8% - a sharp contrast with Q1 2019, which saw an 8.3% growth in retail earnings.
Let's dig in and look at the major factors:
- The latest reading of American consumer confidence, as measured by the Refinitiv/Ipsos Primary Consumer Sentiment Index suggests consumers still have some ongoing concerns surrounding job security and possible repercussions on local economies.
- Most U.S. retailers are concerned