US consumers haven't fallen off a cliff with $4 gas: JPMorgan CEO Jamie Dimon [Yahoo! Finance]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: Yahoo! Finance
"So if you look at gas, it's literally a rather small component of consumer spend," Dimon told Yahoo Finance on a media call Tuesday when asked why the consumer has remained so resilient. "So obviously, for the lower-income people, it's more. But they have jobs, and they have wages ... People need some extra income to fix a car or medical bill, they maybe take a gig job or cut back on travel or something like that. But always think the most important thing is jobs. And there's plenty of jobs. Unemployment is rather low, so that's what it is." The US economy added a surprising 178,000 jobs in March after a dismal run of employment reports. The unemployment rate ticked down to 4.3%. Whether that consumer resilience can continue if the US-Iran conflict continues is anyone's guess. But the backdrop for consumer spending remains mixed, at best. Read more: What an extended war with Iran could mean for gas prices Over the past several days, oil prices have undergone a volatile relie
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STZ
Earnings
- 4/8/26 - Beat
STZ
Sec Filings
- 4/16/26 - Form 4
- 4/9/26 - Form 4
- 4/9/26 - Form 4
- STZ's page on the SEC website