After a year of resilient consumer spending, retailers are bracing for a potential slowdown ahead.
Tractor Supply , a pandemic darling whose stock has nearly tripled since its March 2020 bottoms, knows it isn't immune to the potential headwinds lurking. The retailer sells products for home improvement, lawn care and even at-home farming. As the pandemic sparked new hobbies around the house, Tractor Supply's annual revenue increased from $8.3 billion in 2019 to $14.2 billion in 2022.
"The student loan repayment is certainly one that we watch," Burton said at the conference. "We're aware of it. And anything that takes money out of the wallet, certainly is harder for the consumer and takes some of that spend away from the goods and services that they spend on. So I think it's one to be very conscious of."are still present, but how much they will materially slow consumption remains to be seen.
In a research note titled the "Q4 pothole," Goldman Sachs economists wrote the three key factors will bring gross domestic product growth from a projected 3.1% in Q3 down to 1.3% in Q4.
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