1534 ET - Recent commentary from luxury companies in home construction to outerwear suggests their wealthy customers are largely immune to tariff- and macro-induced affordability challenges faced by the rest of consumers. Toll Brothers' CEO said demand for its luxury homes softened last quarter into the current period, but backed the company's full-year guidance and said the long-term outlook for its luxury homes niche remains positive, with its affluent customers yielding more financial flexibility than entry-level buyers. High-end coat retailer Canada Goose, meanwhile, withheld any full-year guidance but logged higher sales last quarter, with positive trends continuing into the current period, according to the company's executives. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
May 21, 2025 15:34 ET (19:34 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.