1202 ET - Toll Brothers CEO Douglas Yearley takes an optimistic view on long-term trends for luxury homes in the company's latest earnings call, but that's not without some nearer-term pain. The home construction company saw softer demand last quarter as consumer confidence fell due to economic uncertainty, a trend that's continued into the current period, Yearley says. The company has yet to see any tariff impacts on building costs or product availability, though, he says. "While it is difficult to predict where tariffs will land and the precise impact to our business, we do not believe we will see any significant impact in fiscal 2025," he says. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
May 21, 2025 12:02 ET (16:02 GMT)
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