The US consumer market continues to show signs of weakness, with companies like Kohl’s (KSS) and Dick’s Sporting Goods (DKS) raising concerns about their sales projections.
Kohl’s is expecting a significant drop in comparable sales this year, while Dick’s lowered its earnings and sales forecast, disappointing Wall Street.
However, D.A. Davidson managing director and senior research analyst Michael Baker sheds light on the situation and offers a more optimistic outlook on Dick’s performance.
"Dick’s had a very good quarter. Given the environment and the uncertainty … it makes sense to guide conservatively," Baker tells Catalysts host Madison Mills. "We just got off the phone with the CEO … and they are not seeing any concern with the consumer at all."
He reassures investors by suggesting that the current weakness in the stock may be irrelevant when considering the company’s strong quarter and recent successful investment strategies.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here: https://finance.yahoo.com/videos/series/catalysts/
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