Why Pool Corp., Home Depot, and Lowe's Took a Dive Today
Pool Corp. lowered full-year guidance on Monday. New pool construction could be down 15% to 20%, which doesn't bode well for the home improvement sector generally.
Pool Corp (POOL) Stock Declines on Weak Demand & Macro Woes
Pool Corp (POOL) anticipates second-quarter performance to be hampered by weak demand for new pool construction, lower remodel activity and the macroeconomic environment.
Pool Corporation Slashes Outlook as Economic Conditions Hurt Sales
Pool Corporation (POOL) shares sank in intraday trading Tuesday, a day after the distributor of pool products slashed its guidance as economic conditions have led to a pullback in consumer discretionary spending and cut into demand.
Pool Lowers FY24 EPS Forecast, Joins SolarEdge Technologies, Spirit AeroSystems And Other Big Stocks Moving Lower In Tuesday'S Pre-Market Session
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 80 points on Tuesday.
Pool Corporation's Q2 Guidance Cut Indicates Further Weakness
POOL Corporation shares have underperformed the market, losing 5% in the past year during a bull market, and POOL significantly cut guidance, leading to a 10% drop after hours. Pool construction activity is particularly weak, more than offsetting stability in maintenance-related work. Slow income growth, high rates, and decreased construction activity may continue to impact POOL's performance, making it an unattractive investment at 26x earnings.
POOL Gains From POOL360 Platform, Expansion Amid High Costs
POOL benefits from the POOL360 platform, expansion strategy and solid brand presence. However, softness in new pool construction and high costs remain a concern for the company.
