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RBC warns on German consumer weakness, cuts H&M and JD Sports forecasts
Source: proactiveinvestors.co.uk
Consumer Demand & RetailAnalyst EstimatesAnalyst InsightsCompany FundamentalsCorporate Guidance & Outlook
RBC Capital Markets warned that sluggish consumer demand in Germany is a rising risk for European retailers, cutting profit forecasts for H&M and JD Sports. The forecast cuts signal earnings pressure from weaker demand conditions rather than a company-specific shock. Expect modest downside bias for the affected retail stocks as the market reprices near-term profitability.
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