Americas Consumer Staples: NielsenIQ First Take: Total store growth moderated in L2wks, though trends diverged across sub-sectors

Research evidence excerpt

Americas Consumer Staples: NielsenIQ First Take: Total store growth moderated in L2wks, though trends diverged across sub-sectors

Equity Research

21 July 2026 | 7:42AM EDT

Americas Consumer Staples: NielsenIQ First Take: Total store growth

moderated in L2wks, though trends diverged across sub-sectors

NielsenIQ released its latest data this morning, for the week ending July 11, 2026. Bonnie Herzog

+1(212)902-0490 |

Overall, total store sales were up +1% in the latest quad-week, with sales growth bonnie.herzog@gs.com

Goldman Sachs & Co. LLC

moderating in the latest-2wks relative to prior-2wks. Over the latest quad-week,

Leah Jordan, CFA

sales growth was led by Pet Care, Grocery, and Health & Beauty Care, aided by +1(713)658-2691 | leah.jordan@gs.com

modest growth across Household Care, while General Merchandise, Tobacco, Goldman Sachs & Co. LLC

Ankit PrasadAlcohol, Dairy, and Baby Care declined. Note that results for both the recent and +1(212)934-6394 |

prior year periods include the July 4th holiday weekend. ankit.prasad@gs.comGoldman Sachs India SPL

Ethan HuntleySales trends diverged across Food & HPC in the latest quad-week, as Food sales +1(617)772-7940 |

posted marginal growth (vs. slight declines last month), while HPC posted ethan.huntley@gs.comGoldman Sachs & Co. LLC

sequentially lower sales growth relative to the last month even as sales on Olivier Nicolaï

promotions increased +230bps YoY. That said, both Food & HPC saw sequentially +44(20)7774-2895 | olivier.nicolai@gs.com

higher sales growth on a 2-yr stacked basis. Within HPC, growth was led by CL, which Goldman Sachs International

along with KMB were amongst the few companies that saw sequential sales growth Eli Thompson

+1(713)904-8289 |

acceleration in the latest quad-week.