Consumer SpendingRecent commentary from retailers and travel companies suggests the spending backdrop is challenging, even for the high-end consumer.
Revenue GrowthRevenue growth forecast for 2024 has been lowered to around 9%, which may disappoint investors accustomed to higher performance.
Share Price ExpectationsUnachievable 2025 expectations are baked into the share price, including for EPS and revenue growth, which are likely to be missed.