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The Party May Be Over for Consumer Stocks Like Chipotle and Marriott

Por: MarketWatch Business May 12, 2023

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Aggregate sales for the sector beat analyst’s estimates by just over 3%, according to Evercore. Earnings per share beat by about 24%. Since bottom line figures beat expectations by a larger percentage than top-line results means these companies’ profit margins came in higher than forecast on average.  None of this is necessarily a surprise. In the several months leading up to first quarter reports, many of the firms saw , setting a lower... + full article



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