Jon Cox
Jon Cox
Jon Coxis an American soccer player...
changes commodity confusion currency given higher impact negative result solid underlying
As expected, (there was) some confusion about the impact of IFRS changes but the underlying result was solid given the impact from negative currency and higher commodity prices.
categories coffee cream food ice niche phenomena positive regions seeing segments small tend view
We tend to view small bolt-on acquisitions in niche segments or regions as positive with ice cream part of the trading-up-to-premium-brands phenomena we are seeing in other food categories such as coffee and chocolate.
although data luxury middle parts premium strong watch weak
Watch data for February, although strong in the premium segment, was weak in the middle and even up into parts of the luxury segment.