Weather transitioned from a major negative in May to a major positive in June,
More Quotes from Ken Perkins:
One obvious explanation (for the weakness) is that investors are aware that Best Buy faces much tougher sales comparisons, particularly in the second half of the year. Looking at the numbers, second-quarter sales were up 7.8 percent, third-quarter sales rose 5.8 percent.Ken Perkins
Retailers are facing slightly more difficult year-over-year sales comparisons in February and the weather is unlikely to be as cooperative over the next two months as it was in January.
Ken Perkins
All groups showed comparable sales up over 5 percent for the month, ... The economy is certainly an element of the upside surprises. We saw back-to-back quarters of GDP growth. People also anticipate a significant amount of fiscal spending particularly in an election year. This bodes well for consumer sentiment.
Ken Perkins
The tough head winds are definitely there but March was still a decent month,
Ken Perkins
If numbers are better than expected and the news is good for second quarter outlooks, then we could rally on that. But I think the results are pretty much baked into the cake here.
Ken Perkins
If the price of oil remains between 45 to 50 a barrel, that's not a good sign especially if we experience a very cold winter. Heating oil prices will go up and that's likely to dampen consumer spending during the winter months.
Ken Perkins
Readers Who Like This Quotation Also Like:
Based on Topics: Weather QuotesBased on Keywords: transitioned
I have been in love, and in debt, and in drink, this many and many a year.
Alexander Brome
The workers of the nation were tired of waiting for corporate industry to right their economic wrongs, to alleviate their social agony and to grant them their political rights. Despairing of fair treatment, they resolved to do something for themselves.
John L. Lewis
I have a little baby. She knows who I am. My friends know. My family knows.
Marla Maples