LRLCF - Procter & Gambles impresses again with latest Nielsen numbers; CENT and CLX also strong

The latest batch of Nielsen numbers indicated some divergence among the traditional "COVID winners." Categories such as aerosol disinfectants, wipes, and lawn care showed strong growth over the 4-week tracking period, while categories such as kitchen cleaners and charcoal remained challenged Colgate-Palmolive (CL +0.8%) returned to positive growth for the first time since late 2020 amid the delta variant spike, while Clorox (CLX +1.5%) trends accelerated into the high single-digit range as growth in wipes was complemented some strength in some other areas. UBS analyst Peter Grom says Procter & Gamble (PG +0.5%) continues to deliver strong double-digit takeaway growth. Other notable were the 12.3% Y/Y four-week jump in sales for Central Garden & Pet (NASDAQ:CENT) and biting 14.4% drop in sales for Newell Brands (NASDAQ:NWL). In beauty, L'Oreal (OTCPK:LRLCF) saw sales increase 12.6% as more people went out, while e.l.f. Beauty (NYSE:ELF) recorded a 21.1% decline as some pandemic

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Procter & Gambles impresses again with latest Nielsen numbers; CENT and CLX also strong