Consumer Staples
Store managers report +10.5% LFL sales growth in May and June - 81% of those interviewed have a bullish outlook for the next 6 months. Demand has remained strong despite inflationary pressures, bolstered by the introduction of new menu items such as the ‘Summer Salads’ and new sandwich ranges. Several managers noted the increasing popularity of the Greggs Rewards app, which they expect to drive footfall higher y/y. On the negative side, 48% of those interviewed noted that they are experiencing some supply chain issues - something Woozle will continue to monitor over the coming months.
Edition: 139
- 08 July, 2022
Equities still offer great value...if you look in the right places
Will Nutting continues to focus on contrarian and forgotten cyclical 'value'. Stocks featured recently in his widely read Nutstuff report include Lloyds, Avacta, Greggs and Glencore in the UK. In the US, Consol Energy (+64% in last 2 weeks) - investors are finally waking up to the world's need for coal. CNH Industrial - cycle is just beginning, farmers are feeling good and are increasing spending. ViacomCBS is another too cheap to ignore / misunderstood opportunity (60%+ upside), while Twitter is also back on the Nutstuff Buy radar…
Edition: 110
- 14 May, 2021