WSJ's Take On the Week
Taking the Measure of Consumer Spending at Home Depot
Nov 12, 2023
This podcast discusses the upcoming earnings report of Home Depot and how factors like the housing market, consumer spending, and supply chains play a role in their success. It also examines the impact of slowing inflation on corporate profits and analyzes the expected earnings from Target and Walmart. The podcast offers insights into the state of the consumer and the effects of inflation on retail spending.
17:49
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Quick takeaways
- The upcoming release of the Consumer Price Index and the Producer Price Index will provide insights into the trajectory of inflation and its impact on consumers' purchasing power and companies' profit margins.
- Home Depot's third-quarter earnings report will provide insights into margins, input costs, and the strength of consumer willingness to spend on discretionary home improvement projects.
Deep dives
Inflation Indicators and Corporate Profits
The upcoming release of the Consumer Price Index and the Producer Price Index will provide insights into the trajectory of inflation and its impact on consumers' purchasing power and companies' profit margins. Analysts are closely watching these indicators to gauge the need for further rate hikes by the Federal Reserve, the potential impact on consumer spending during the holiday season, and the pricing power of companies. Despite some concerns about inflationary pressures, corporate profit margins have been resilient, aided by cost-cutting measures and stabilizing revenue growth.
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