|
To view the replay webcast and slides: CLICK HERE |
With over 30 companies presenting, CAGNY is the largest Consumer Staples conference of the year. Earlier today we hosted our review of what was said at the conference, our takeaways, and what is actionable from a stock call perspective. We also introduced our Consumer Staples Outlook scorecard. The scorecard ranks each company's sales and margin drivers by the visibility they provide for the company's growth plans.
CAGNY is the flagship event that starts every year, with Staples companies setting their ambitious goals and targets for the year. Some are conservative, and others are not believable. The pricing tailwind in CPG is fading, and management teams are counting on improving volumes. We will make our case for which companies have a real plan for organic growth and which are simply hoping. Our Macro Team is projecting more Quad 3 and Quad 2 ahead (i.e., accelerating inflation), which have different implications for different companies in Staples. We reviewed which companies are best positioned and which management teams 'get the Macro'. Most companies that presented at the conference outlined their growth plans for the year. We ranked the companies by expected positive or negative earnings revisions and will almost certainly have new calls, pivots, and changes to the ranking on our Position Monitor.
