巴克莱-全球-消费品行业-全球消费品2019会议总结_前景乐观-2019.9.9-75页_2mb.pdf

FOCUS 用户上传 更多免费报告请查看研报客 Equity Research 9 September 2019 Global Consumer Staples ’19 Conference Recap: Prism for INDUSTRY UPDATE Optimism Americas Agribusiness NEUTRAL Unchanged At our conference last week, p resenting companies took on a decidedly more optimistic tone than we have heard in several years. To be sure, fundamentals across the board European Consumer Staples still reflect considerable dispersion with recent performance pointing to a wide NEUTRAL spectrum of progress towards a model of sustainable growth. But, companies that are Unchanged farther along (if not already delivering high quality, high growth results) did not suggest any signs of retreat, while companies still in the midst of a turnaround suggested signs U.S. CHPC Beverages NEUTRAL of progress below the surface -- expressing confidence that they a