Consumer CreditSubprime delinquencies are close to all-time highs, with the 60+ day subprime delinquency rate recently hitting 6.12%.
EarningsHLLY delivered Q3 results that significantly missed consensus across the board and cut FY2024 and implied Q4 guidance.
Market PerformanceThe midpoint of Q4 2024 sales guidance implies sales decline -11.4% y-o-y, with management citing continued softness in the overall performance market, a challenging macroeconomic environment, and cautious consumer spending.