The pool company Leslie's has been particularly hard-hit, with its stock tumbling 41% over the past month.
Pool-products retailer Leslie's, for example, has seen its stock plunge more than 41% over the last month.
"The discretionary business has proven to be extremely sensitive to macroeconomic pressure including items such as hot tubs and aboveground pools," Egeck told analysts.
And while its stock hasn't taken the same hit as Leslie's, leadership struck a similarly cautious tone on its earnings call.
"Additionally, we have seen some indication that more discretionary purchases like heaters and high-end cleaners have been deferred."
Persons:
There's, Mike Egeck, Egeck, Peter Arvan
Organizations:
Service, Pool Corp, Federal Reserve
Locations:
Wall, Silicon