Pool Corp. updates the market Why Pool Corp.'s sales have disappointed Shares in wholesale swimming pool products distributor Pool Corp. (POOL 0.12%) declined by 15.5% in June, according to data provided by S&P Global Market Intelligence. The move comes after a disappointing swimming pool season update in late June that caused the company to lower its full-year earnings estimates. Given the importance of spring and summer to Pool's yearly sales, management took down its full-year estimate for earnings per s ...

While we do much to enrich backyard living for families, we also support many environments "Where Outdoor Living Comes to Life." Launched in 2021, our Swimpact! program is a testament to our dedication to our communities and to the belief that every child deserves to learn how to swim. Swimpact! has sponsored swimming lessons and water safety training for 42,000 children and has also sponsored trainings for roughly 3,000 lifeguards. Through our partnership with the YMCA, we are helping create a safer future ...

Shares of housing-related stocks Pool Corp. (POOL -7.25%), Home Depot (HD -4.08%), and Lowe's (LOW -4.62%) were falling in Tuesday's trading, down 6.9%, 4.1%, and 4.6%, respectively, as of 1:12 p.m. ET. While management noted the "non-discretionary" parts of the business remained solid, as one thinks they would, the "discretionary" parts of the business, predicated on general economic conditions, are much weaker than expected. In fact, CEO Peter D. Arvan elaborated the company now expects new pool construct ...

Royal Caribbean Cruises Ltd. (RCL) currently sports a Zacks Rank of 1 (Strong Buy). RCL has a trailing four-quarter earnings surprise of 18.3%, on average. The stock has rallied 58.9% in the past year. You can see the complete list of today's Zacks Rank #1 stocks here. The Zacks Consensus Estimate for RCL's 2024 sales and EPS calls for growth of 16.8% and 63.8%, respectively, from the year-ago levels. AMC Entertainment Holdings, Inc. (AMC) currently carries a Zacks Rank #2 (Buy). The company has a trailing ...

Pool Corporation (POOL) shares sank in intraday trading Tuesday, a day after the distributor of pool products slashed its guidance as economic conditions have led to a pullback in consumer discretionary spending and cut into demand. Shares of Pool Corporation sank about 8% as of 11:10 a.m. ET Tuesday to $309.47, their lowest level since October. Shares of rival Leslie's (LESL) were down more than 4%. Pool Corporation said it now believes new pool construction activity could drop 15% to 20% from 2023. It exp ...

Loading... U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 80 points on Tuesday. Pool shares dipped 8.6% to $308.90 in pre-market trading. Now Read This: Nasdaq Records Worst Session Since April With Nvidia Plunging 7%: Dow Jones Sees Modest Gains Amid Mixed Market Close Loading... The company announced its year-to-date sales are trending down and seasonally significant Q2 2024 revenues are below previous expectations. SolarEdge Technologies, Inc. SEDG shares tumbled 15% t ...

hikesterson/iStock via Getty Images Shares of Pool Corporation (NASDAQ:POOL) have been a weak performer over the past year, losing 5% during a significant bull market. Lower construction activity, high rates, and modest disposable income growth have caused consumers to pull back on large home projects, like pool construction. This concern led me to rate shares as a "sell" last October. Since then, they have significantly underperformed, gaining just 6% vs the market's 29% rally. On Monday, POOL significantl ...

Non-discretionary and recurring pool maintenance and repair demand is solid with company execution on track for continued organic share expansion; discretionary pool spending, however, continues to be hampered by the macroeconomic environment Seasonally significant Q2 2024 revenues are below previous expectations driven by lower new pool construction and remodel activity YTD net sales, although sequentially better than Q1 2024, are trending down around 6.5%; full year 2024 net sales are now expected to be i ...

Non-discretionary and recurring pool maintenance and repair demand is solid with company execution on track for continued organic share expansion; discretionary pool spending, however, continues to be hampered by the macroeconomic environment Seasonally significant Q2 2024 revenues are below previous expectations driven by lower new pool construction and remodel activity YTD net sales, although sequentially better than Q1 2024, are trending down around 6.5%; full year 2024 net sales are now expected to be i ...

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