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“Other beverage and consumer packaged product companies have also seen a tighter consumer spending environment and weaker demand in the quarter. The energy category globally continues to grow and has demonstrated resilience as we believe that consumers view energy drinks as an affordable luxury.”
Movies & Entertainment
"AMC Theatres and Odeon Cinemas in the U.S., across Europe and the Middle East have more premium large-format screens now than any other movie theatre operator in the world. Consumers clearly are showing that they have a preference. They're showing it through their buying habits for large-format auditoriums." Adam Aron, CEO, AMC Entertainment Holdings [world’s largest movie theatre chain]
Commodities
“The big drivers of [the] gold price will be China’s continued investment and de-dollarisation over the longer term.” Stuart Tonkin, CEO, Northern Star Ltd
Financial Advice
“The need for Australians to get investment advice has never been higher, and will continue to get higher over the next 10 to 20 years” Michael Chisholm, CEO, LGT Crestone [formerly known as UBS Wealth Management]
Global Consumer
"We're seeing lower average selling prices, or ASPs, right now because customers continue to trade down on price when they can. More discretionary higher ticket items like computers or electronics or TVs are growing faster for us than what we see elsewhere in the industry but more slowly than we see in a more robust economy" Andy Jassy, CEO, Amazon Inc
“Looking at global markets. The core golf markets of the U.S, Japan and Europe all remain healthy with field inventories, consumer demand and overall market conditions steady, if not slightly positive...The Korean market, on the other hand, remains soft” Oliver Brewer, CEO, Topgolf Callaway Brands Inc
“Other beverage and consumer packaged product companies have also seen a tighter consumer spending environment and weaker demand in the quarter. The energy category globally continues to grow and has demonstrated resilience as we believe that consumers view energy drinks as an affordable luxury.” Rodney Sacks, CEO, Monster Beverage Corp
“And coming into the year, we assumed a status quo continuation of recent customer behaviour and macro trends and with today's [earnings] report, we maintain that view and that includes caution around the global macro and consumer backdrop” Patrice Louvet, CEO, Ralph Lauren Corp
Travel & Bookings
“We also see some signs and signals around narrowing international booking windows and moderated pricing. Overall, however, we continue to see healthy travel intent in both our search and survey data that suggest travel remains a priority and experiences continue to be a mainstay at the heart of travel planning.” Matthew Goldberg, CEO, TripAdvisor Inc
“However, we are seeing shorter booking lead times globally” Brian Chesky, CEO, Airbnb Inc
Second-Hand
“You’ll continue to see those impacts of cars that have started on ride-share moving into the broader second-hand market over time.” Emma Foley, Managing Director, Uber Australia
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Venture Capital
“The growth stage investment market is underserved in Australia, and the risk versus return rate is very attractive [compared to earlier stage start-ups]” Michelle Deaker, Managing Director, OneVentures
SMEs & Accounting
“The performance from the Business Group was encouraging, particularly against the background of a challenging operating environment for small businesses in Australia and the increasingly competitive market for small business accounting and payroll solutions.” Sam Allert, CEO, Reckon Group Ltd
Search Engines & AI
“Turning to third-party search…We're seeing an evolution in the search ecosystem where Internet search, summarisation and training are blending.” Steven Huffman, CEO, Reddit Inc
Traffic & Roads
“Independent data has shown congestion levels rose almost 10% in Sydney and 7% in Melbourne in the March quarter of 2024 compared to the previous year. Similarly, research by Queensland motoring body RACQ found that more than half the roads in Brisbane were more congested in 2023 than pre-pandemic in 2019.” Market Statement, Transurban Group Ltd
Commercial & Industrial Property
“On the industrial side, global activity remained subdued in the second quarter as occupants are still cautious and looking to increase utilisation of space leased during the pandemic before committing to new deals. Rental growth remains positive but is beginning to plateau given an elevated level of supply.” Christian Ulbrich, CEO, Jones Lang LaSalle Inc
Non-For-Profit Hospitals
“If you look at market power, the insurers are making so much money they are giving it back to policyholders. The system where there are 40 different health insurers negotiating individual contracts with 200 hospitals is just totally crazy and there has to be a complete rethink on how we do it.” Steve Robson, President, Australian Medical Association
India
"On the Indian economy side, the Indian economy has shown remarkable resilience in FY24...The economy is enjoying a twin balance sheet advantage with a sound and stable banking sector and strong corporate sector." Rajneesh Karnatak, CEO, Bank of India Ltd
Property
“Melbourne is still in the change room, whilst the other [cities] have already started running. It’s actually worse than that – most of the other runners have already finished a lap” Colin Kean, Director, Research4 [property research firm]
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