Traders,

Each earnings season we get to hear from the CEOs of the world’s largest companies. Their comments reveal much about consumers’ health. Here’s a roundup of positive comments from CEOs in a variety of industries. They sure don’t sound recessionary.

“Look, the consumer demand, especially if we use kind of our in-store experience right now, looks to be there. Especially as you look at the higher-income consumer, their purchase frequency has actually gone up” – Chipotle Mexican Grill CEO Brian Niccol

“We continue to view the health of our customers as strong, supported by extremely low unemployment and robust growth in wages over the past 2 years.” – O’Reilly Automotive Co-President Brad Beckham

“The demand trends here and now are really strong. And while there’s a lot of noise out there…the reality is we’re not seeing it.” – Hilton Worldwide CEO Chris Nassetta

“Overall, we continue to see robust demand, financially healthy, highly engaged consumers that are excited to sail on our brands…Growth in cruise search has outpaced general vacation searches, resulting in double the number of visits to our websites compared to 2019…the seven biggest booking weeks in our company’s history all occurred since our last earnings call. Our commercial apparatus is full speed ahead, and all channels are delivering quality demand above 2019 levels.” – Royal Caribbean Cruises CEO Jason Liberty

“We’re seeing pretty good — very strong ordering patterns throughout the portfolio, both at our premium X line all the way through our midline and NXT models. So — and the consumers continue to option up the boats and put different features on.“ – MasterCraft Boat Chief Revenue Officer George Steinbarger

“Consumer spending remains resilient in the first few weeks of 2023. Mastercard SpendingPulse insights show that the overall retail story remains largely positive with January posting a solid month of growth across the country…U.S. retail sales excluding automotive were up +8.8% year-over-year in January.” – Mastercard Senior Advisor Steve Sadove

Company Optimism

Note the jump in optimism mentions during conference calls this earnings season.   

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