CEOs flying blind lead to lame prognoses
Vanishing US corporate earnings guidance is a telltale sign of tariffs trouble, but there are others. Domino’s sees pizza-ordering weakness, hotel occupancy is down 10% and stores warn of empty shelves. They indicate bigger problems ahead, and that Wall Street remains too rosy.
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Domino’s Pizza on April 28 reported a 0.5% decline in first-quarter U.S. sales for stores open at least a year, as consumers spent less dining out. The company retained its 3% growth outlook for 2025.