The global consumer industry experienced a 53% drop in company filings mentions of health & wellness in Q1 2024 compared with the previous quarter, with the highest share accounted for by Philip Morris International with 33% year-on-year decrease, according to GlobalData’s analysis of over 184 consumer company filings. GlobalData’s Consumer: Filings Trends & Signals Q1 2024 report delves into earnings call transcripts and quarterly reports within the consumer industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
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Notably, health & wellness was one of the most frequently referenced themes in Q1 2024, ranking highest in terms of mentions, ahead of digital media and batteries, according to GlobalData.
Of the top leading companies in the consumer industry, Philip Morris International had the greatest increase in references for health & wellness in Q1 2024, compared with the previous quarter. GlobalData identified 56 health & wellness-related sentences in the company's filings - 2% of all sentences - and a decrease of 33% in Q1 2024 compared with Q1 2023. Unilever’s mentions of health & wellness dropped by 27% to 19 and Nestle’s by 56% to 12 and Danone’s by 33% to 8.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for health & wellness in Q1 2024 was 98.
For further understanding of GlobalData's Consumer: Filings Trends & Signals Q1 2024, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
