Watch Canada Goose Jackets for companies to claim ‘Jack Frost ate our profits’
By James B. Kelleher and Nivedita Bhattacharjee
CHICAGO, canada goose uk outlet Feb 19 (Reuters) Sick of hearing Americans complain about the winter weather? Too bad. Because the corporate kvetching has only just begun. companies.
buy canada goose jacket cheap Indeed, if history is any guide, CEOs will still be moaning about the recent cold snap well into spring, when they report first quarter earnings. Why? Because the coldest winter in a quarter century provides them with a handy and reasonably plausible excuse for any results that fall Canada Goose Parka short of expectations.
For some companies, such as those in transport dependent businesses, the explanations may be valid. For others, it may well be a case of the (chilly) dog ate their canadian goose jacket homework. Gulf Coast in 2005, a host of companies with not especially big exposures to the affected region including Avon Products Inc., Canada Goose sale Books A Million Inc and Tempur Pedic International Inc, now a unit of cheap Canada Goose Tempur Sealy International Inc blamed the disaster for poorer than expected results. When their rivals did just fine despite the hurricane, analysts cried foul.
Canada Goose Jackets The latest weather related claims have begun to come in. economic indicators, canada goose uk shop including unexpected drops in retail sales and manufacturing output in January, canada goose uk black friday showed the deep freeze is having an impact. restaurants on the frigid cold and snow, while vitamin and nutritional supplements retailer GNC Holdings Inc warned uk canada goose outlet that https://www.canadagoosesale.info its first quarter results would fall short of expectations because of bad weather.
canada goose coats on sale Earlier this month, Ford Motor Co, CSX Corp uk canada goose and United Continental Holdings Inc have also warned that the severe cold Canada Goose online weather is wreaking havoc on their operations in the first quarter.
Canada Goose online Analysts say Canada Goose Outlet experience shows it is inevitable some companies will use the severe temperatures and serial snow and ice storms as a cover to conceal problems, such as management missteps and other internal shortcomings.
Canada Goose Parka managers will be quick to canada goose factory sale use weather as an excuse for soft earnings. most sectors of the economy aren impacted, said Matthew Patten, the president, canada goose coats Cutler Investment Counsel LLC.
cheap Canada Goose BEYOND RETAIL To be sure, this winter will go down in the record books as canada goose black friday sale one of the coldest in recent history.
canadian goose jacket last one Canada Goose Online that was this cold was the winter of 1993, 1994 and this one is edging that one out, canada goose said Dale Mohler, a senior meteorologist with Accuweather, the private weather forecasting company. is something that comes around maybe once every 25, 30 years.
Canada Goose Outlet Temperatures across a vast area of the United States, stretching east from the Great Plains through the Midwest and into the northern Appalachians, have been running 6 to 10 degrees Fahrenheit (3.3 to 5.5 degrees Celsius) below normal for two and a half months straight.
canada goose store The weather clearly has discouraged some consumers from heading out to shop. retail sales fell 0.4 percent in January, led by a tumble in automobile sales and categories such as clothing, furniture stores and restaurants that depend on foot traffic.
But the impact of the cold snap has extended beyond the retail industry. companies, including Ingersoll Rand Plc and Emerson Electric Co, canada goose store have complained about transportation and logistical problems that the snow and sub zero temperatures have triggered.
canada goose black friday sale all losing days of production, we losing days of shipments, Emerson Chief Executive Officer David Farr told an investor conference last Thursday. airlines have been especially hard hit, with flight cancellations and delays soaring.
canada goose coats As a result, most big airlines, including Delta Air Lines Inc, American Airlines Group Inc and United Continental have waived change fees and relaxed rebooking rules for customers who had tickets to fly through storm hit airports.
United Continental said the storms and cheap canada goose uk sub zero temperatures cost United buy canada goose jacket cheap $60 million in January alone. They among the worst weather events in our history, said company spokesman Luke Punzenberger.
Canada Goose sale SOUP SALES UP Mike Englund, chief economist at Action Economics, points out that the prolonged bad weather has been good news for some industries. For example, it has boosted demand for the power that publicly traded utilities generate, as well as for the industries that supply the power plants.
canada goose clearance sale Campbell Soup Co, the world largest soup maker, reported a higher than expected quarterly profit on Friday, helped in part by the cold weather.
canada goose clearance But Miles Yourman, a portfolio analyst with Knightsbridge Asset Management LLC, warned investors not to assume the weather will have a positive effect just because a company is in one of the industries that stand to benefit. He cited Chesapeake Energy Corp, Canada Goose Coats On Sale one of the stocks in the Knightsbridge portfolio, as an example.
canada goose deals cold weather has obviously been very good for natural gas prices, but on the other hand it interfered with their production. So they haven enjoyed the benefit, he said.
And weather related downturns, like the cold weather itself, may soon melt away. A company like canada goose clearance sale motorcycle maker Harley Davidson Inc may see a drop in foot traffic to its showrooms canada goose coats on sale in the current quarter, but wind up benefiting in the next few quarters, canada goose coats Yourman said.
canada goose being cooped up canada goose clearance after a long winter, that when you really buy canada goose jacket want to go out and buy a new bike to get the wind in your face, he said.