RBC Capital Markets
May 28, 2026
UK and European Research At A Glance
Daily UpdateEquitiesMacro Economic IndicatorsConsumer DiscretionaryFinancials
RBC's research briefing provides a comprehensive update on European luxury goods, consumer staples themes, and sector-specific analysis for Spanish and UK financials.
Key Takeaways
- 1.Luxury brands are expanding SKU counts via new adjacencies (Home, Kids), but SKU productivity is under pressure due to revenue declines during the 2024–25 period.
- 2.The 'Stratified Society' framework suggests new opportunities for consumer staples companies, such as affordable functional products for low-end consumers and age-specific breakfast items.
- 3.US Auto sales are forecast to remain steady with a May 2026 SAAR of 16.0M, largely insulated from external geopolitical conflicts like the Iran situation.
Table of Contents
- Premium Research
- Company Comments
- Industry Comments
- Investment Strategy Research
- Quick Takes
- Disclaimer
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Authors
Piral DadhaniaJainik Mody
Securities
SABCHRTGREMTROQLTKNEBV.HE
Themes
SKU Architecture & ProductivityStratified SocietyPost-Pandemic Pent-Up Demand
Regions
EuropeNorth AmericaUnited StatesUnited KingdomSpain