NEW YORK, NY -- (Marketwire) -- 04/26/12 -- It continues to be an impressive year for companies in the Consumer Goods Sector. An improving economy and strong U.S. job market have boosted consumer spending significantly in 2012. Last week the leisure products industry ranked No. 1 out of Investor's Business Daily's 197 industry groups. The Paragon Report examines investing opportunities in the Consumer Goods Sector and provides equity research on Callaway Golf (NYSE: ELY) and Sturm, Ruger & Company (NYSE: RGR).
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The Gross Domestic Product (GDP), which represents the total dollar value of all goods and services produced in the U.S., rose at a 2.5 percent annual rate according to economists surveyed by Bloomberg news. The survey showed that consumer purchases, which account for 70 percent of the U.S. economy, grew the most since the end of 2010. "Consumer activity really accelerated last quarter," said Christopher Low, chief economist at FTN Financial in New York. "The increase in retail sales we saw was really terrific, and it came after three months of almost no spending growth at all."
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Callaway Golf Company recently announced that it will release its first quarter 2012 financial results on Thursday afternoon, April 26, 2012. The Company will subsequently hold a conference call with financial analysts and investors to review the results and discuss the Company's business at 2:00 p.m. PDT that same day.
Sturm, Ruger & Company, Inc. will announce its financial results for the first quarter and file its Quarterly Report on Form 10-Q on Tuesday, May 1, 2012, after the close of the stock market. On Wednesday, May 2, 2012, Sturm, Ruger will host a webcast at 9:00 a.m. EDT of its Annual Meeting of Stockholders.
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