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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.
COMPANIES
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