Conference Call Invitation: In 1 Hour: Bull & Bear debate on European consumer staples

Research evidence excerpt

Conference Call Invitation: In 1 Hour: Bull & Bear debate on European consumer staples

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Conference Call Invitation

In 1 Hour: Bull & Bear debate on European

consumer staples

Invitation

Topic 26 May 2026

European consumer staples have had a rough couple of years, underperforming the Equity Strategy

market by 45% since 2023, leaving the sector’s price relative to an 18-year low. In Europe

conversation with our sector analysts, we will explore the drivers behind staples’

Related Researchunderperformance both from a top-down perspective (including the resilient global

macro backdrop, leading to ultra-tight risk premia in financial markets, which is typically

European Equity Strategy: Shrugging off the

associated with underperformance for defensive sectors like staples) and the bottom-up energy shock

(including shifts to private label brands, the roll-out of weight-loss drugs and, in alcoholic European Equity Strategy: Year Ahead 2025:

beverages, increased moderation and fast growth of ready-to-drink cocktails). We will the curse of high expectations

discuss the outlook for the sector, taking into consideration the scope for weakening Beverages: Year Ahead 2026: Growth still in

growth momentum and a potential widening in risk premia in response to the energy the spotlight

Beverages: HEIN outperforms in latest Nielsen

supply shock from the Iran war, as well as the risks from supply chain disruptions and EU; CARL Beer, ABI and CCEP soft

increasing input cost pressures. We will also take a look at positioning, valuations and Beverages: Q1 reporting playbook

our analysts’ top picks. This video call will take place on Tuesday, May 26, at 3pm UK European Food and HPC: Healthy options

time. European Food and HPC: Industry EU HPC

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