Posted 11/6/2023, 11:28:51 AM
Corporate Revenue Misses Signal Eroding Consumer Demand and Slowing Sales Growth
- Corporate revenue missing estimates at highest rate in 4 years, signaling weak consumer demand
- Pace of sales growth globally has moderated, per Deutsche Bank
- Companies like Apple, Estée Lauder, and Remy Cointreau issuing cautious outlooks and lowering guidance
- Management teams sounding more negative on revenue versus profits in earnings calls
- Analysts revising sales estimates down faster than earnings as pricing power erodes