Hurricane Milton has made landfall in Florida and is expected to make landfall on Florida’s Gulf Coast Wednesday night. Milton was initially upgraded to Category 5 a few days ago, but was downgraded back to Category 4 as it neared Florida. Archie Collins, CEO and president of Tampa Electric, told Yahoo Finance that the company’s power grid restoration efforts will be “the largest in our company’s history” in the wake of the Milton incident.
In 2022, Hurricane Ian’s damage will be “$121 billion” [in damages] And it only hit Fort Myers and the wetlands. [Milton] It’s affecting Tampa, Sarasota, Disney, Cape Canaveral – a lot of properties. Therefore, it is predicted that at least $121 billion [in damages]” Bill Kirk, founder and CEO of Weather Trends International, tells Madison Mills and Seana Smith about Catalyst.
Weather Trends International is a private company that provides weather information and guidance to clients including major retailers, manufacturers, and agricultural producers.
Kirk discusses the impact of Hurricane Milton and its aftermath on home improvement retailers such as Lowe’s (LOW), Home Depot (HD), and Tractor Supply Company (TSCO), as well as Weather Trends International’s research on this year’s weather and climate patterns. I am commenting on the results.
“We think the fourth quarter will be very strong. We think it will be stronger because we have a very cold, wet, snowy La Niña-type winter. Last year was the hottest on record, so sales will be “It was postponed until the polar vortex hit last January, and we’re going to take all of that sales this year at full price on full margin products,” Kirk said of the weather forecast. “So we’re very bullish for the fourth quarter, but 2025 is a train wreck. That means a cold, wet spring and snow in April…”
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This post was written by Luke Carberry Mogan.