Third-quarter earnings are indicating a divided economy
1. Consumers are showing divergent spending behaviors amidst inflation pressures. 2. Wealthy consumers report stronger confidence, while lower-income shoppers cut back. 3. E.l.f. Beauty, among others, prepares for quarterly earnings amid economic uncertainty. 4. McDonald's reports declining traffic among low-income consumers due to economic concerns. 5. Experts anticipate a potential shift in consumer dynamics in the upcoming quarters.