This week, the consumer staples sector attracted attention as seven out of nine S&P 500 companies exceeded earnings expectations, with notable performances from PepsiCo, Mondelez, and Philip Morris. These companies demonstrated sector resilience, with PepsiCo reporting robust beverage sales and raising its shareholder return outlook, while Philip Morris saw significant growth in smoke-free products. The consumer staples sector has gained 12.33% this year, showcasing its strength and appeal amidst economic uncertainty, and consistently outperformed the broader market, which has declined in the same period.
7 out of 9 S&P 500 consumer staples firms beat EPS expectations this week
