Here's Why Pool Corp. Stock Sank in June
The Motley Fool • 595 days
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Information
Spending on new swimming pools is declining more than management thought it would. The installed bas...
Original sourceAI Summary
- Pool Corp's shares declined by 15.5% in June due to weak pool construction demand. - Management lowered full-year earnings estimates due to declining new pool units and remodeling activity. - High interest rates and lockdown-driven spending pullback affected consumer pool spending. - Price Impact Rating: Bearish - Impact Horizon Rating: Long-term - Type: Industry News
Market-Moving
- Pool Corp's shares declined by 15.5% in June due to weak pool construction demand.
- Management lowered full-year earnings estimates due to declining new pool units and remodeling activity.
- High interest rates and lockdown-driven spending pullback affected consumer pool spending.
Key Facts
- Pool Corp's shares declined by 15.5% in June due to weak pool construction demand.
- Management lowered full-year earnings estimates due to declining new pool units and remodeling activity.
- High interest rates and lockdown-driven spending pullback affected consumer pool spending.