1534 ET - Recent commentary from luxury companies in home construction to outerwear suggests their wealthy customers are largely immune to tariff- and macro-induced affordability challenges faced by the rest of consumers. Toll Brothers' CEO said demand for its luxury homes softened last quarter into the current period, but backed the company's full-year guidance and said the long-term outlook for its luxury homes niche remains positive, with its affluent customers yielding more financial flexibility than entry-level buyers. High-end coat retailer Canada Goose, meanwhile, withheld any full-year guidance but logged higher sales last quarter, with positive trends continuing into the current period, according to the company's executives. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
May 21, 2025 15:34 ET (19:34 GMT)
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