Investors can look forward to another busy next week in terms of consumer companies reporting, especially in the UK. Names in the frame include Associated British Foods (LON:ABF), Cake Box (LON:CBOX), Curry’s (LON:CURY) and Sainsbury’s (LON:SBRY).
It’s a similar story in the US, although the intensity of reporting is considerably reduced compared with previous weeks. Investors will be watching Constellation Brands (NYSE:STZ), General Mills (NYSE:GIS) and Nike (NYSE:NKE) in particular.
Why Moonpig is flying high today
Associated British Foods (LON:ABF)
Unloved conglomerate Associated British Foods (LON:ABF) will remain friendless unless its Q3 update (1 July) shows improved trading trends across the group. Back in April, ABF delivered an H1 earnings miss against a backdrop of rising costs and weak consumer spending. At the time, the FTSE 100 giant warned of ‘a risk to Primark sales’ if the Middle East conflict were to persist.
Investors will be hungry to learn if the Europe-wide heatwave is proving a help or a hindrance to cut-price clothing chain Primark. They will also want to see how ABF’ grocery brands are performing and whether the sugar outlook has soured in recent months.
The market will also want more detail regarding the demerger of Primark, planned to take place before the end of 2027. ABF has long suffered from a ‘conglomerate discount’, so there is logic in separating its retail and food businesses, which investors will be able to value as standalone entities.
Controlled by the Weston family, the firm finally decided to demerge Primark following a review of its sprawling group structure in order to boost shareholder improve returns. Post split, ABF and Primark will both be listed on the FTSE 100.
Consensus forecasts for Associated British Foods
| FY26 | FY27E | FY28E | |
| Revenue (£bn) | 19.5 | 20 | 20.7 |
| EBITDA (£bn) | 2.4 | 2.6 | 2.8 |
| EPS (p) | 146.6 | 158.2 | 177.5 |
Source: MarketScreener
J Sainsbury (LON:SBRY)
After a disappointing Q1 update from Tesco (LON:TSCO), investors in UK supermarkets will be hoping for better news from rival Sainsbury’s (LON:SBRY) on 30 June.
In its FY26 update, the firm said grocery sales had been ‘ positive’ in March and April with volume growth ahead of the market. However, it cautioned trading at Argos ‘continues to reflect a subdued general merchandise market’.
The latest figures from Worldpanel for the 12 weeks to mid-June show Sainsbury’s marginally outpacing the broader market. Sales for the period were up 2% against 1.5% for the total grocery market and 1.6% for Tesco.
Like Tesco, Sainsbury’s is having to keep prices down to stay competitive. Not only are Lidl and Aldi growing theiur market share, but customers are increasingly focused on value for money.
According to Worldpanel data, spending on supermarket promotions rose for the 39th consecutive month in June. Over 30% of sales now involve some form of deal, so retailers are having to fight to attract and retain customers.
Consensus forecasts for Sainsbury’s
| FY26 | FY27E | FY28E | |
| Operating profit (£m) | 1,025 | 1,061 | 1,125 |
| Retail free cash flow (£m) | 574 | 567 | 595 |
| Earnings per share (p) | 21.9 | 23.5 | 26.2 |
Source: Sainsbury’s data correct as of 11 June 2026
Nike (NYSE:NKE)
While the Q4/FY2026 numbers will be important, markets will be far more focused on whether Nike (NYSE:NKE) CEO Elliott Hill can demonstrate his turnaround plan is gaining traction. Consensus expectations point to fiscal Q4 revenue of roughly $10.8bn-$10.9bn, representing a low-single-digit year-on-year decline, broadly in line with management’s previous guidance for sales to fall 2%-4%. Earnings are also expected to remain under pressure as NIKE continues to clear inventory and invest in product innovation.
China remains the key battleground. Investors will scrutinise whether sales declines are moderating after management previously warned of a potential 20% drop in Greater China as the company works through excess inventory and faces intense competition from domestic brands. Any sign that market share losses are easing could be a significant positive for sentiment.
Markets will also be listening closely for commentary on disruption linked to the Iran conflict and wider Middle East tensions, which NIKE has previously cited as a factor affecting inventory flows, logistics and consumer demand in some regions.
Perhaps most important will be guidance for FY27. Investors want evidence that Hill’s strategy of rebuilding wholesale partnerships, refocusing on performance sports and accelerating innovation is beginning to drive sustainable growth. While early progress has emerged in North America and running products, analysts generally believe a full recovery remains several quarters away.
Consensus forecasts for Nike
| Q4 FY26 | FY26 | FY27 | |
| Revenue ($bn) | 10.88 | 46.33 | 46.69 |
| Earnings per share ($) | 0.11 | 1.49 | 1.85 |
Source: Zacks.com, data correct as of 26 June 2026
