Leisure and Luxury CEO’s cite consumer strength

They said it- Quotes from the recent earnings season:

Live Nation Entertainment CEO Michael Rapino:

“Despite varying economic headwinds, including inflation, we have not seen any pullback in demand as on-sales on-site spending, advertising, and all other operating metrics continue showing strong year-on-year growth”.

Marriott Vacations Worldwide CFO Tony Terry:

“When we look at the trends of what we're seeing for defaults and delinquencies, they are tracking in line with what we saw back in 2019. So besides some of the accounting changes that we've made in the reserve, we're really not seeing a whole bunch of negativity in that right now”.

Ferrari N.V. Group CEO Benedetto Vigna:

“With all that said, I know you all are curious about how many orders we already have and how long the order book is. But you also know that we do not provide this kind of detail. Trust me, it is unlike any other. It is way above our most promising expectations -- we feel very much confident and that's the reason why we are increasing, number one, the confidence -- the guidance for this year and we are also very positive for the next year”.

The Cheesecake Factory CFO Matthew Clark:

"We continue to see very strong attachment across the desert, across alcohol between entrees and appetizers. So that would also tell me that when guests are coming in, they're not managing their check or they don't have any sticker shock, because they're actually continuing to order a little bit more than they used to."

Darden Restaurants CEO Rick Cardenas:

“Looking at guest behavior across our entire portfolio… we are seeing strength with guests in higher income households.”

Uber CEO Dara Khosrowshahi:

“Seasonal trends remain the same. Even lower-income riders continue to have higher trips per rider as things are opening up, showing absolutely no signs of slowing down… Again, we looked to see if there's any weakness and we're not observing any weakness”.