The hot word for CEOs on earnings calls is 'choiceful'
Publishing timestamp: 2023-11-20 10:05:31
Summary
The article discusses the increasing use of the word "choiceful" by CEOs in describing consumer spending behavior and their own companies' strategies. The word has appeared in 15 quarterly earnings calls for S&P 500 companies in 2023, compared to just two in 2021. CEOs use the term to describe consumers who are cutting back on spending but are still willing to splurge on what they consider valuable. The article highlights how CEOs have found the word useful in describing the changing behavior of consumers and reassuring investors about their ability to navigate the current economic landscape. The use of "choiceful" reflects the pressure on companies to explain why consumers are not buying their products or why inventory is piling up. The article also mentions specific examples of CEOs using the term to describe their strategies in response to changing consumer habits and inflation. Overall, the article suggests that CEOs are emphasizing thoughtfulness and selectivity in their strategies to adapt to the evolving consumer landscape.
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Keywords: earnings, ralph lauren corp, breaking news: business, business, mccormick & company inc, starbucks corp, retail industry, business news, molson coors beverage co, restaurants, walmart inc, mcdonald's corp,
Source: https://www.cnbc.com/2023/11/20/ceos-favorite-word-choiceful.html