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Micro Facts: Briggs & Stratton’s poor outlook

|Includes: BGG, VanEck Vectors Retail ETF (RTH), XLP, XLY

 B&G is a small company that sells small engines to many, many small manufacturers of consumer products. In its quarterly release yesterday, B&G management cited retailer uncertainty as to how much demand will materialize this Spring (we are there, right now!), and channel partner unwillingness to take on inventory before demand materializes. So demand is not yet materializing. Management cut guidance for the coming quarter by 40% given a weaker than expected season at retail. Commercial and riding equipment (tractors, etc) was noted as particularly weak.

Conclusion: the consumer is not back yet