Consumer staple companies remained in the spotlight this week as investors digested quarterly results from Estee Lauder (EL), Clorox (CLX), Archer Daniels Midland (ADM), Keurig Dr Pepper (KDP), Sysco (SYY), Kraft Heinz (KHC), Monster Beverage (MNST), and Kimberly-Clark (KMB).
The Entering text into the input field will update the search result below Quick Insights Six of eight companies beat EPS estimates, and six beat revenue estimates
XLP fell 0.8% over the week versus a 2% S&P 500 decline, while its year-to-date return was 16% compared with nearly 8% for the S&P 500. Kraft Heinz raised its adjusted EPS guidance and narrowed its expected organic sales decline. ADM raised its adjusted EPS outlook and lowered planned capital expenditures.
Clorox maintained its sales growth outlook