Financial Data and Key Metrics Changes - The company has adjusted its full-year inflation assumption from 4% to 4.5% due to adverse weather conditions affecting crop yields, particularly in the UK [23][24] - There has been a noted drop in gross margin in Q2, attributed to increased inflation and weather-related challenges [24] Business Line Data and Key Metrics Changes - The company has seen a significant increase in innovation contributions to sales, with expectations for nearly double the previous year's contribution [32][34] - SG&A expenses have been reduced, primarily driven by overhead savings rather than advertising and promotion [30] Market Data and Key Metrics Changes - The market in Q2 experienced a volume decline of approximately 5.5%, particularly in key regions like the UK, which impacted sales [15][21] - The company has gained market share in volume despite overall market underperformance during the hot weather [9][10] Company Strategy and Development Direction - The company is focusing on enhancing its product assortment to better align with changing consumer preferences during hotter weather, including more natural and marinated fish options [51][54] - There is an emphasis on cost competitiveness and maintaining pricing strategies to recover from inflation while avoiding overpricing compared to competitors [30][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future despite disappointing first-half performance, citing a strong portfolio and effective strategy [60] - The company is preparing for potential future heat waves by adjusting product offerings and improving supply chain agility [54][51] Other Important Information - The company has conducted share buybacks amounting to €100 million in H1 and announced a dividend, indicating a commitment to returning value to shareholders [56] - The company is exploring partnerships with startups to enhance innovation and speed up product development [44][46] Q&A Session Summary Question: Confidence in full-year guidance after recent performance - Management acknowledged past optimism regarding ERP implementation and excess inventory issues, indicating a more cautious approach moving forward [5][6][8] Question: Organic growth expectations for Q3 and Q4 - Management clarified that while growth is expected in Q3, the overall guidance remains conservative due to market conditions [14][16] Question: Impact of ERP supply disruption on sales - Management confirmed that the ERP lag from the previous year will positively affect comparisons, but current market conditions remain challenging [19][20] Question: Inflationary pressures and pricing strategies for 2026 - Management indicated that pricing adjustments will be necessary to recover from inflation, with a focus on maintaining competitiveness [22][26] Question: SG&A savings and overhead expense reductions - Management detailed ongoing initiatives to reduce overhead costs while remaining competitive in pricing [30][31] Question: Innovation pipeline and future products - Management highlighted a significant increase in sales from innovation and renovation, with a focus on snacking and new product categories [32][34] Question: Supply chain optimization and facility closures - Management discussed plans for supply chain optimization, including the closure of a smaller factory in the Nordics [41][42] Question: Long-term strategies for dealing with climate change - Management emphasized the need for agility in product offerings to adapt to changing weather patterns and consumer preferences [49][54] Question: Capital allocation priorities - Management confirmed ongoing share buybacks and dividends while maintaining flexibility for future opportunities [56][57]

Ghana’s inflation rate fell more than expected in July, bolstering the case for further interest-rate cuts https://t.co/hqqT9L2APq ...

Core Viewpoint - Vista Gold Corp's flagship project Mt. Todd is positioned as an attractive investment opportunity in the gold development sector due to its large mineral reserves, positive economic outlook, and favorable development conditions [1] Group 1: Project Attributes - Mt. Todd has large mineral reserves, which is a critical factor for investors in gold development projects [1] - The project is located in a low-risk jurisdiction, enhancing its appeal to investors [1] - Accessible local infrastructure supports the development and operational efficiency of the project [1] - The project features a streamlined development pathway, indicating a clear route to production [1] - There are opportunities for expansion and exploration upside, which could further increase the project's value [1] Group 2: Market Context - The current trading price of Vista Gold Corp's stock presents a favorable entry point for investors [1] - The commodities sector, particularly precious metals and uranium, is expected to benefit from potential inflationary pressures in the long term [1]

The cost of food has risen faster than overall inflation in the last year. https://t.co/aaeaBSgDu0 https://t.co/aaeaBSgDu0 ...

Investment Opportunity - Forests are presented as a hedge against inflation [1] Asset Class - Forests are suggested as an investment option [1]

We were promised inflation, but instead we got a booming economy. ...

The U.S. economic growth appears to be slowing, with a 1.5% GDP growth estimated in 2026 and inflation that will likely stay in the 2.5% zone. This is the time for “safer” assets, and I believe the Vanguard Consumer Staples ETF (I am a dynamic finance professional with a Master’s in Banking & Finance from Université Paris 1 Panthéon-Sorbonne. My investing background mix corporate finance, M&A, and investment analysis, with a focus on real estate, renewable energy, and equity markets. I specialize in financi ...

A $2 trillion market for securities linked to US inflation data could be the first area of Treasuries that would crack if the Bureau of Labor Statistics is politicized: Here’s your Evening Briefing https://t.co/LTQZI5sXd0 ...

Bank of America CEO Brian Moyahan says he does does not expect a recession despite today's disappointing ISM data. Take a listen to what he said. >> Our economists believe there'll be no recession.They believe the econ the economy in the US will go about 1 one and a half% this year. They believe that the Fed will not cut rates because inflation will take longer to get down. >> That the Fed will not cut rates >> during 25.They'll cut them at 26. And that they've been on that for a long time. And they believe ...

Um, let me pivot to the economy, which is the topic in debate that's happening here, which is really just how strong it is or is not. Uh, you saw the jobs numbers on Friday. Uh, but there's a lot of folks here who have sort of varying views of what's really going on.You actually have the data. So, I'm curious what you're actually seeing. So, look, our economists believe there'll be no recession.They believe the econ the economy in the US will go about 1 one and a half% this year. They believe that the Fed w ...