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business/news//Seeking Alpha
Consumer staples companies delivered a broadly positive and resilient set of earnings last week.
Eleven out of twelve consumer staple companies beat earnings estimates this week.
KEY POINTS
Consumer Staples Select Sector SPDR Fund (XLP) outperformed relative to broader markets.
Revenue growth in consumer staples was mainly supported by pricing power, not volume increases.
Volume for consumer staples products remained under pressure despite positive earnings.
Earnings scoreboard: 11 of 12 consumer staple names beat earnings estimates this week
Comments
Consumer staples companies delivered a broadly positive and resilient set of earnings last week, with pricing power continuing to support revenue growth even as volumes remained under pressure.
Broadly, the Consumer Staples Select Sector SPDR Fund (XLP) has outperformed
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