article thumbnail

Home Depot CFO expects flat consumer spending, sales

CFO Dive

The home goods and improvement company is committed to a $1 billion investment in compensation for its frontline workers, CFO John McPhail said, even as it forecasts flat 2023 sales.

CFO 227
article thumbnail

Why Outsourced CFO Services Are Perfect for Financial Forecasting

CFO Share

Accurate financial forecasting is crucial for small businesses, but developing and updating forecasts can be time-consuming, frustrating, and ultimately inaccurate. Precise forecasts provide the roadmap for future growth, but most small companies spin their wheels developing and maintaining forecasts.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Retail sales exceed forecasts, highlighting steady consumer-fueled growth

CFO Dive

Robust retail sales defy predictions that trends such as declining savings and a cooling labor market will inhibit consumer spending.

Sales 247
article thumbnail

How CFOs can supercharge their organization's sales forecasting

CFO Dive

Virtual processes are faster, more granular in detail and provide a fresh sales forecast in a clean, concise dashboard each morning.

article thumbnail

Recession odds fall below 50% amid rising sales, profits: NABE survey

CFO Dive

The mix of slowing inflation and cooling demand has prompted many economists to abandon forecasts for a decline in gross domestic product in 2024.

Sales 285
article thumbnail

Using Cash Flow Forecasting to Withstand the Downturn

Centage

However, one of the most important planning tools for a business of any size is cash flow forecasting – and it’s especially important in times of uncertainty. Knowing the timing, amount and predictability of future cash flows with cash flow forecasting should be an essential component of the budgeting and planning process.

article thumbnail

Reviving a Financially Troubled Business: The Role of the CFO

CFO Share

Working tirelessly to break through the morass, founders often focus too much on sales and operations while under leveraging the skills of a CFO. What is the role of a CFO in reviving a financially troubled business? What does a CFO do when your business is in trouble? What does everyone else think?”

CFO 52