Nielsen Report: No Big Lift From Memorial Day

Research evidence excerpt

Nielsen Report: No Big Lift From Memorial Day

Equity Research

Industry Update — June 9, 2026

Containers & Packaging

Nielsen Report: No Big Lift From Memorial

Day

Promos Not Enough to Offset Weather + Consumer

Weakness

Our Call Gabe Hajde

Memorial Day did not deliver the vol bump some had hoped. Though weather was less- Equity Analyst | Wells Fargo Securities, LLC

Gabe.Hajde@wellsfargo.com | 216-470-8960

than-ideal, promos aren't on pace with '25 (ex-Energy) and signs of cons. struggle cont. to

Richard C Carlson, CFAemerge. Glass vols remain the weakest but bev cans and PET also sluggish.

Associate Equity Analyst | Wells Fargo Securities, LLC

Richard.Carlson@wellsfargo.com | 212-214-5045

Bi-weekly Nielsen report. In this bi-weekly report, we showcase the latest Nielsen Bailey Gordon

equivalized volume scanner data across different bev (and some food) categories by Associate Equity Analyst | Wells Fargo Securities, LLC

substrate including soft drinks (CSDs), beer, energy drinks, sparkling water, and others. Bailey.Gordon@wellsfargo.com | 212-214-3310

Given potential for volatility in the 1-week volume changes (i.e., holiday timing), we tend

to focus on (though not exclusively) the 4-and 12-week y/y volume changes to identify

trends and inflections that are likely impacting Container stocks.

Aluminum cans: Total vols declined 0.4% over 4-wks but stayed +ve on a 12-wk basis. By

key categ. (all 4-wk basis), CSDs were +2.3%, beer fell 5.2% (with declines re-accelerating

after spending most of YTD in -LSD territory), sparkling water growth was just +0.1%

(lowest in over 2 yrs) and energy bev growth were +4.9% (on increasingly diff comps).

Despite 12-wk trends staying +ve, we clearly see headwinds such as input costs,