ConsumerWatch – Against all odds

It is fair to say there was not much positivity in Q225 from a geopolitical and macroeconomic perspective. It was therefore no surprise that there were broad-based downgrades to profit expectations across the consumer subsectors and the regions. What may be more of a surprise is the extent to which a good number of the consumer subsectors outperformed in a number of regions, despite the less-than-favourable trends in growth estimates. For example, the majority of the UK subsectors performed better than the benchmark. Notwithstanding the overall weak growth outlook, many of the consumer subsectors and companies are expected to generate appealing levels of profit growth, and we continue to find a number of attractively valued companies with good growth prospects.

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