Americans Divided On Feeling Richer Or Poorer This Fourth Of July, Nearly Half Say Inflation Is Worse Than Last Year
Portfolio Pulse from Chris Katje
A Benzinga survey reveals that nearly half of Americans feel inflation is worse this Fourth of July compared to last year. Consumers are likely to cut back on spending for fireworks and alcoholic beverages, potentially impacting companies like Anheuser-Busch InBev (NYSE:BUD) and Walmart Inc (NYSE:WMT).
July 03, 2024 | 4:59 pm
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NEGATIVE IMPACT
Anheuser-Busch InBev may see reduced sales in alcoholic beverages as 36% of surveyed consumers plan to cut back on such purchases this Fourth of July.
The survey indicates a significant portion of consumers are planning to reduce spending on alcoholic beverages, which could negatively impact Anheuser-Busch InBev's sales during the holiday.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Walmart Inc might experience lower sales this Fourth of July as consumers plan to cut back on various holiday-related purchases.
With 44% of consumers planning to buy fewer fireworks and 36% cutting back on alcoholic beverages, Walmart's holiday sales could be negatively impacted.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70