Q3 earnings show resilient U.S. consumer as Coca‑Cola, Royal Caribbean, Sherwin‑Williams and UPS raise forecasts
Four major U.S. companies reported third‑quarter results that highlighted continued consumer spending despite inflation. Coca‑Cola lifted its full‑year EPS growth outlook to at least 11%, Royal Caribbean saw a 9% year‑over‑year rise in guests served and strong 2027 bookings, Sherwin‑Williams posted 7.9% net‑sales growth, and UPS beat expectations and lifted its full‑year revenue target to about $92.6 billion. Whirlpool, by contrast, missed estimates and cut its revenue guidance.
Why it matters
The raised forecasts from Coca‑Cola, Royal Caribbean and UPS suggest higher earnings and revenue expectations for the rest of the year, which could support their stock prices. Whirlpool’s guidance cut signals weaker performance for the appliance sector.
Key facts
- 1Retail sales rose 0.8% in September after a 1.3% increase in August, boosted by gas‑station spending. cnbc.com
- 2Diesel fuel prices hit an all‑time high of $6.52 per gallon in September. cnbc.com
- 3Coca‑Cola now expects comparable EPS growth of at least 11% for the full year, up from a prior range of 9%‑10%. cnbc.com
- 4Royal Caribbean served 2.7 million vacationers in the quarter, a 9% year‑over‑year increase, and said 2027 booking volumes are "up in the high teens." cnbc.com
- 5Sherwin‑Williams net sales increased 7.9% from the same period last year. cnbc.com
- 6UPS U.S. revenue rose 4.5% to $14.86 billion in the quarter. cnbc.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.