The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world.
The carnage in consumer companies continues. And Coach is the latest victim. The company missed revenue expectations as growth in North America slowed. Coach isn’t the only company to report a slowdown. We heard something similar from McDonald’s about the American consumer and Starbucks warned about a weak outlook going forward. We’ve also heard about the troubles facing the European consumer from apparel companies Nike and Deckers Outdoor. Every company just mentioned is a great brand with a strong franchise. But David and John don’t think that now is the time to buy them. With all of the warnings about the global consumer, investors may want to wait for better prices in the future.
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David Meier has no positions in the stocks mentioned above. John Reeves has no positions in the stocks mentioned above. The Motley Fool owns shares of McDonald's and Starbucks. Motley Fool newsletter services recommend Coach, McDonald's, Nike, and Starbucks. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.