Caseys General Stores IncLower gas prices boost disposable income, benefiting Casey's convenience store sales.
U.S. consumer confidence edged up to 91.2 in June from a downwardly revised 90.6 in May, supported by easing inflation as lower oil and gasoline prices reduced pressure on household budgets. The Present Situation Index declined 3 points to 116.4, while the Expectations Index advanced 3 points to 74.4, indicating mixed underlying sentiment. Zacks Investment Research identifies Five Below, Casey's General Stores, Ross Stores, and Dollar Tree as well-positioned to benefit from improved disposable income and selective consumer spending. Five Below and Casey's both carry a Zacks Rank of 1, or Strong Buy, with consensus estimates projecting double-digit sales and earnings growth for the current fiscal year. Ross Stores also holds a Zacks Rank of 1, while Dollar Tree carries a Zacks Rank of 2, or Buy.
Caseys General Stores IncLower gas prices boost disposable income, benefiting Casey's convenience store sales.
Dollar Tree IncLower gas prices boost disposable income, benefiting Dollar Tree's discount retail sales.
Five Below IncLower gas prices boost disposable income, benefiting Five Below's discretionary spending.
Ross Stores IncLower gas prices boost disposable income, benefiting Ross Stores' off-price retail sales.