While the consumer continues to benefit from a high level of employment, healthy raises & some cost relief in the form of lower inflation & gas prices, significantly higher borrowing rates are driving an increase in credit card delinquencies & personal bankruptcies.
Total U.S. retail systemwide unit count for NoBull’s 80+ retail company coverage increased +1.9% y/y in 2022 and +1.3% compared to 2019 while systemwide sales increased +9.2% y/y in 2022 and +33.6% compared to 2019.
The aggregated 2Q23 financial performance for NoBull’s 80+ retail company coverage reveals the impact of disinflation driving slower revenue growth but lower input costs & higher margins.
NoBull’s Retail Same Store Sales Report benchmarks 80+ large consumer retail companies by domestic same store sales including annual (2019 – 2022) and quarterly results (2Q22 to 2Q23).
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