Flash | 28 Jul 2026 06:30:51 ET │ 10 pages Tiger Brands Ltd (TBSJ.J) Feedback from Paarl mega site visit: Group strategy moving in the right direction CITI'S TAKE We returned from the Paarl Mega site visit yesterday encouraged by the investments and progress made by the Culinary team at Tiger brands. We see efficiencies stemming from i) in-house production eg vinegar will drive cost-savings and more consistent supply and product quality 2) Shift to PET bottles from Cans also driving lower input and selling ...

J P M O R G A N Europe Equity Research 28 July 2026 Unilever Post the call: Optimism on H2 volume despite higher prices, with levers to manage H2 cost step up Unilever management delivered an upbeat conference call after their Q226 beat, highlighting that they see limited impact from one-offs (other than 20bps Group impact from Liquid IV shipment phasing), with the volumes beat testament to underlying improvement, and pointing to 10 quarters of averaging 2.7%. Fair to say that Fifa activation, easy comps in ...

Overweight C A Z E N O V E Europe Equity Research 28 July 2026 Unilever plc Q2/H126 Results: Beat and Raise, Core HPC strength to drive rerating Our Take: Unilever reported a 1% adj. EPS beat driven by a better than expected Q2 organic sales growth at +5.8% (vs consensus +4.3%) on stronger volume growth at +5.5% ( vs consensus +2.5%) whilst pricing was softer at 0.2% (vs consensus +1.8%) driven by FIFA-related promotions especially in personal care. By region, the top-line beat came from Asia Pacific Africa ...

J P M O R G A N North America Equity Research 28 July 2026 BellRing Brands, Inc. 3Q26 Preview - Sales Upside Seems Likely (and Understood), But What Comes Next? BellRing Brands (BRBR - Overweight) is scheduled to report fiscal 3Q26 (June) results on Tuesday, August 4th. The company seems poised for a sales beat. Guidance for 3Q assumed that continued competitive pressure in the RTD shakes category would translate to flat consumption growth in the quarter. Instead, promotional activity by certain competitors ...