- Coca-Cola beat Q3 earnings and revenue expectations and raised its full-year comparable EPS growth outlook to at least 11%, up from 9% to 10%.
- Royal Caribbean beat EPS expectations and narrowly missed on revenue, with Q3 guests served up 9% year over year to 2.7 million and 2027 bookings up in the high teens.
- Sherwin-Williams beat revenue expectations but missed EPS, grew net sales 7.9% on higher selling prices, and maintained full-year guidance.
- Diesel prices hit an all-time high of $6.52 per gallon in September, fueling concern that consumer product prices would rise.
- US retail sales rose 0.8% in September after a 1.3% gain in August, with gas station spending boosting September.
Quotes
“The underlying momentum remains quite strong”
“There's been a lot of noise in the market this year. There's a lot of geopolitical stuff”
“Despite muted underlying market volumes, we continued to win new customers, increase share-of-wallet and deliver sales growth across all three reportable segments”