Husqvarna CEO Says Middle East Conflict Could Drive ‘Staycation’

Husqvarna AB’s chief executive officer said the conflict in the Middle East could trigger a “staycation” effect, echoing the pandemic, when people shifted spending from travel to consumer goods.

The Swedish maker of outdoor maintenance and recreational products published better-than-expected earnings for the first quarter on Thursday, causing its shares to jump as much as 14%, the most in more than three years.