By Jharonne Martis
The Refinitiv U.S. Retail and Restaurant Q3 earnings index is expected to rise 2.5% - considerably below last year's 18.6% Q3 2018 earnings growth. When looking at the earnings growth rates for Q3 for the 209 retailers tracked by Refinitiv, the Hotels, Restaurant & Leisure sector has the highest earnings growth rate at 7.1%. On the flip side, the Household Durables has the weakest anticipated growth compared to Q3 2019.
The Household Durables earnings growth rate is being affected by negative earnings growth expectations among homebuilding and household appliances companies. The homebuilding