PZ Cussons, Colruyt, Edenred, ...: EU Consumer Sector Specialist Commentary Retail • Luxury • Staples • Leisure • Airlines

Research evidence excerpt

PZ Cussons, Colruyt, Edenred, ...: EU Consumer Sector Specialist Commentary Retail • Luxury • Staples • Leisure • Airlines

Olivia Petronilho - Specialist Sales - European Consumer AC (44-20) 3493-3709 Europe Specialist Sales J P M O R G A Nolivia.b.petronilho@jpmorgan.com

J.P. Morgan Securities plc 17 June 2026

• J.P. Morgan U.S. SMid FTM 16 Jun 26 - Retail vs. AMZN and More. here

• J.P. Morgan U.S. FTM 16 Jun 26 - Retail vs. AMZN; Large Cap Banks CCAR 2026 Preview; TFC and More. here

• U.S. Analyst Focus List - Current Snapshot (17-JUN-26). here

• Bz Protein - Q1 Cattle Slaughter Rose 3.3% y/y; ~27% of Beef Production Exported. here

• The Charcuterie - Weekly Chart Updates for US Meat, Dairy, and Eggs (Link to Databook Within). here

J.P. Morgan Macro & Strategy Research

• Daily Economic Briefing - China slowdown to prompt policy response. here

• Daily Financial Markets Monitor. here

• China: activity remained weak, growth to slow in 2Q. here

• Carbon Counts 2026 - EU Council reaches agreement to extend CBAM to downstream sectors. here

• US: Housing starts extend decline in May. here

• US: Another month of firm import price inflation. here

• China Securities - Summer-time rally continues; identifying brokers more likely to issue profit alerts. here

J.P. Morgan Consumer Contacts

EU Consumer Specialist

Olivia Petronilho

olivia.b.petronilho@jpmorgan.com

+44 207 134 2676

US Consumer Specialist

Briggs Barton

briggs.barton@jpmorgan.com

+1 212-622-2677

APAC Consumer & Internet Specialist

Lisa Otani

lisa.otani@jpmorgan.com

+852 2800 8871

Consumer Trading

David Nicolas (EU) david.c.nicolas@jpmorgan.com

Tina Nasser (EU) tina.nasser@jpmorgan.com

Alex Murphy (US) alexandra.murphy@jpmchase.com

Consumer Investor Access

George Carswell george.carswell@jpmorgan.com

Airlines Research