Row 13291

Row ID: 13291 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 13291 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

With higher prices and elevated interest rates stubbornly sticking around, [Chipotle](https://www.cnbc.com/quotes/CMG/) burrito bowls and European vacations are still on the table for many consumers. But Big Macs and kitchen remodels aren’t.

The most recent round of quarterly [earnings](https://www.cnbc.com/earnings/) reports helped to sort companies into largely two camps: [McDonald’s](https://www.cnbc.com/quotes/MCD/), [Starbucks](https://www.cnbc.com/quotes/SBUX/) and [Home Depot](https://www.cnbc.com/quotes/HD/) were among the consumer-centric companies that surprised investors with weaker-than-expected results, saying customers had pulled back on their spending. Others, like [Sweetgreen](https://www.cnbc.com/quotes/SG/) and [Delta Air Lines](https://www.cnbc.com/quotes/DAL/), bucked the trend and reported [growth](https://www.cnbc.com/2024/04/10/delta-air-lines-dal-q1-2024-earnings.html).

The takeaway? Consumers have become more selective about how and where they spend their dollars.

“Consumers continue to be even more discriminating with every dollar that they spend as they faced elevated prices in their day-to-day spending,” McDonald’s CEO Chris Kempczinski said on the company’s conference call in late April.

For more than two years, consumers have dealt with sharply rising prices. This year, most companies expect that their pricing strategies will return to their pre-pandemic approaches, thanks to stabilizing commodity prices. But that doesn’t mean the actual prices seen on grocery store shelves or restaurant menus will fall, and shoppers are feeling that pinch.

The [consumer price index rose](https://www.cnbc.com/2024/05/15/cpi-inflation-april-2024-consumer-prices-rose-0point3percent-in-april.html) 3.4% over the last 12 months through April, according to Department of Labor data. On Tuesday, a day before the monthly CPI report, Federal Reserve Chair [Jerome Powell reiterated](https://www.cnbc.com/2024/05/14/powell-says-inflation-has-been-higher-than-thought-and-expects-rates-to-hold-steady.html) that inflation is falling more slowly than expected, which likely means the central bank won’t be cutting interest rates anytime soon.

More: [https://www.cnbc.com/2024/05/20/consumer-pullback-ceos.html](https://www.cnbc.com/2024/05/20/consumer-pullback-ceos.html)

Field	Value
text	With higher prices and elevated interest rates stubbornly sticking around, [Chipotle](https://www.cnbc.com/quotes/CMG/) burrito bowls and European vacations are still on the table for many consumers. But Big Macs and kitchen remodels aren’t. The most recent round of quarterly [earnings](https://www.cnbc.com/earnings/) reports helped to sort companies into largely two camps: [McDonald’s](https://www.cnbc.com/quotes/MCD/), [Starbucks](https://www.cnbc.com/quotes/SBUX/) and [Home Depot](https://ww…
label	r/economics
dataType	comment
communityName	r/Economics
datetime	2024-05-20
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Raw Record

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  "text": "With higher prices and elevated interest rates stubbornly sticking around, [Chipotle](https://www.cnbc.com/quotes/CMG/) burrito bowls and European vacations are still on the table for many consumers. But Big Macs and kitchen remodels aren’t.\n\nThe most recent round of quarterly [earnings](https://www.cnbc.com/earnings/) reports helped to sort companies into largely two camps: [McDonald’s](https://www.cnbc.com/quotes/MCD/), [Starbucks](https://www.cnbc.com/quotes/SBUX/) and [Home Depot](https://www.cnbc.com/quotes/HD/) were among the consumer-centric companies that surprised investors with weaker-than-expected results, saying customers had pulled back on their spending. Others, like [Sweetgreen](https://www.cnbc.com/quotes/SG/) and [Delta Air Lines](https://www.cnbc.com/quotes/DAL/), bucked the trend and reported [growth](https://www.cnbc.com/2024/04/10/delta-air-lines-dal-q1-2024-earnings.html).\n\nThe takeaway? Consumers have become more selective about how and where they spend their dollars.\n\n“Consumers continue to be even more discriminating with every dollar that they spend as they faced elevated prices in their day-to-day spending,” McDonald’s CEO Chris Kempczinski said on the company’s conference call in late April.\n\nFor more than two years, consumers have dealt with sharply rising prices. This year, most companies expect that their pricing strategies will return to their pre-pandemic approaches, thanks to stabilizing commodity prices. But that doesn’t mean the actual prices seen on grocery store shelves or restaurant menus will fall, and shoppers are feeling that pinch.\n\nThe [consumer price index rose](https://www.cnbc.com/2024/05/15/cpi-inflation-april-2024-consumer-prices-rose-0point3percent-in-april.html) 3.4% over the last 12 months through April, according to Department of Labor data. On Tuesday, a day before the monthly CPI report, Federal Reserve Chair [Jerome Powell reiterated](https://www.cnbc.com/2024/05/14/powell-says-inflation-has-been-higher-than-thought-and-expects-rates-to-hold-steady.html) that inflation is falling more slowly than expected, which likely means the central bank won’t be cutting interest rates anytime soon.\n\nMore: [https://www.cnbc.com/2024/05/20/consumer-pullback-ceos.html](https://www.cnbc.com/2024/05/20/consumer-pullback-ceos.html)",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-20",
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Entry Information

Entry ID: 13291
Repository: Axioma AXP
Dataset: arrmlet/reddit_dataset_36
Total Entries: 100,000