Seven of Eight Consumer Staples Firms Posted Year-Over-Year Earnings Growth

Seven of eight companies in the latest consumer staples results group posted year-over-year earnings growth, while six beat earnings-per-share (EPS) estimates and six topped revenue forecasts. The group included Estee Lauder, Clorox, Archer Daniels Midland, Keurig Dr Pepper, Sysco, Kraft Heinz, Monster Beverage and Kimberly-Clark.

Kraft Heinz increased its adjusted EPS forecast and reduced the projected decline in organic sales. Archer Daniels Midland increased its adjusted EPS outlook and lowered planned capital expenditures. Clorox kept its sales-growth outlook unchanged.

An earlier consumer staples tally also found that seven of eight companies beat EPS estimates and seven topped revenue forecasts; those results are separate measures.