Consumers can expect a net $68 billion tailwind in 2024 from perks such as changes in social security and lower gas prices — a boost to discretionary spending for many that could provide some support for retail stocks.
Genuine Parts Co (NYSE: GPC) reported third-quarter (Q3) FY23 sales growth of 2.6% year-on-year to $5.82 billion, missing the analyst consensus estimate of $5.92 billion.