"Is Consumer Travel Spending Easing?" - BofA Identifies New Trend As Travel Companies Miss Earnings One theme we've spotted this earnings season has been an increasing number of companies warning about low-income consumers. From McDonald's to Starbucks to Tyson Foods, executives on earnings calls have warned about mounting headwinds hitting the working poor. Last Tuesday, Starbucks CEO Laxman Narasimhan told investors on a call, "Our performance this quarter was disappointing... Read this story
