ANZ FMCG Suppliers NielsenIQ Data Read-Through

NielsenIQ data shows declining YoY FMCG volumes in the Americas due to Easter timing, though sequential trends are improving. Goldman maintains its Buy rating on Amcor and Sell rating on Brambles.

Key Takeaways

• 1.NielsenIQ data for the 4-weeks ending 5/2/26 showed declining YoY volume trends across key FMCG categories, primarily due to tough comparisons from the previous year's Easter peak.
• 2.Trends improved sequentially in the latest 2-week period as Easter-related headwinds began to wane across all key FMCG categories.
• 3.PepsiCo's sports drinks outperformance (+5.9% volume growth) is a specific positive read-through for Amcor (AMC) as a high-value customer category.

Table of Contents

• Why is this relevant?
• Bottom line
• Key takeaways:
• Price Target Risks and Methodology - Brambles
• Price Target Risks and Methodology - Amcor
• Disclosure Appendix

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial