Even with the outlook for interest rates to fall, this pool maker is seeing estimates drop as well.
Pool Corp.'s sales weren't quite as bad as management previously feared they would be. Management observed improvement in sales trends in late June, which continued into July.
Pool Corp's (POOL) second-quarter performance is negatively impacted by lower consumer spending on discretionary items and dismal building materials product sales.
Pool Corporation (NASDAQ:POOL ) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Melanie Hart - Vice President, Chief Financial Officer & Treasurer Peter Arvan - President & Chief Executive Officer Conference Call Participants Susan Maklari - Goldman Sachs David Manthey - Baird Scott Schneeberger - Oppenheimer David MacGregor - Longbow Research Steve Volkmann - Jefferies Trey Grooms - Stephens Garik Shmois - Loop Capital Sam Reid - Wells Fargo Operator Good day, and welcome to the Pool Corporation Second Quarter 2024 Conference Call. All participants will be in a listen-only mode.
Pool just updated investors last month, and its latest quarterly report outperformed those expectations. Homeowners aren't building pools right now, but they are maintaining them, giving the company plenty of business, even though it doesn't have growth.
Pool Corp. (POOL) came out with quarterly earnings of $4.98 per share, beating the Zacks Consensus Estimate of $4.90 per share. This compares to earnings of $5.89 per share a year ago.
Pool Corp. (POOL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Moats and Monopolies focuses on high-quality compounding companies, with Pool Corp. recently added to our portfolio. Pool has a vertically integrated and near monopolistic business model, offering potential alpha to investors. The article discusses Pool Corp.'s distribution, retail, production, CRM platform, future risks, valuation, and chance of beating the market.
Easing inflation could lead to an interest rate cut from the Fed. Lower rates should theoretically help the more cyclical portions of Pool Corporation's business.
Nike is currently battling through the third-largest drawdown in its history. However, Gen Z still loves the brand, and inventory levels are improving.
Pool cut full year guidance as pool sales have slowed.
Pool Corp's (POOL) ongoing challenges with declining sales, exacerbated by weak demand for new pool construction and economic uncertainties are a headwind.