**Over 80% of Consumer Staples Stocks Beat Estimates: Earnings Scoreboard**
As earnings season takes center stage, 11 consumer defensive and staples companies included in the Consumer Staples Select Sector SPDR Fund (NYSEARCA: XLP) reported their quarterly results last week. Key names such as Altria (MO), Kimberly-Clark (KMB), and Mondelez (MDLZ) were among those in focus.
### Earnings Highlights
– **Strong Sector Performance:** Nine out of eleven defensive stocks in the XLP posted earnings beats, while two reported mixed results. This indicates solid overall performance within the consumer staples sector during the quarter.
– **Altria (MO):** The company met profit expectations but missed on revenue, primarily due to a larger-than-expected decline in sales.
– **Mondelez (MDLZ):** The company reported elevated market elasticity in Europe, which impacted demand. In response, Mondelez has been focusing on innovation and promotional efforts to drive growth.
– **Church & Dwight:** The company raised its annual sales growth outlook, citing sustained momentum. This optimism is fueled particularly by strong performance from its TOUCHLAND brand heading into the next quarter.
Stay tuned for more updates and insights as the earnings season continues.
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