Slashes Guidance; Blames Weather, Lumber And Faltering Consumer teaser image

"We observed more broad-based pressure across the business compared to when we reported fourth quarter results a few months ago."

Headline US Retail Sales Disappoints In April, Slowest Annual Growth Since May 2020

...(nominal) retail sales rose just 1.6% YoY (well below inflation)

https://www.zerohedge.com/personal-finance/headline-us-retail-sales-disappoints-april-slowest-annual-growth-may-2020

Poster Comment:

We are in recession. Shadow Stats inflation rate is down to 8%. So a 1.8% increase in retail sales is actually a 6% contraction.