Latest Reports

June 8, 2026

Ticket by Sector Intrigue from Auto Parts to Consumer Fintech; Spend Trend More Stable; Gas Prices Retreating from Highs; Wealth Effect Accelerated: Macro Monday

By David Schick

Summary: (1) We note strength in average transaction in accommodations, entertainment and outdoor recreation, gas station recedes a bit, and categories from pizza to consumer fintech (and more) remain pressured, See Chart of the Week…

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June 5, 2026

Optimal Cost Factor (-0.1% w/w, +7.4% y/y); Energy/Packaging Firm, Grains & Coffee Lower. HSY+, LW+, MDLZ+, KDP+, SBUX+, PG-, CLX-, EPC-

By Jonathan Feeney

The Optimal Advisory Cost Factor decelerated (-0.1% w/w, +7.4% y/y) for the first time since the outbreak of Iran hostilities. Energy & packaging are up sharply while some tailwinds remain including softs, sweeteners, and proteins….

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June 4, 2026

CPG’s World Cup: Shots on Goal for Customer Acquisition…. Event Recap & Takeaways

By Jonathan Feeney

We sat down earlier today with Jimmy McCloud, Founder and CEO of DISTINCT Technologies for a well-attended event titled the World Cup Catalyst: Consumer Activation in the Age of Agentic AI. We discussed how the…

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June 3, 2026

Sports Spending Flat While Fandom Stocks Top Broader Market; NKE Improving Online; News & Game of the Week: The Optimal Sports Section. AS (+), PTON (–)

By David Katzman

Summary: (1) Optimal’s Sports Ecosystem T8W revenue tracker is flat y/y led by accelerating Sports Betting & Data spending, while Sports Fandom and Sports Participation continued to decline on weak transactions (T16W revenue tracker continues…

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June 2, 2026

Restaurant Spend Hurting, Cost Whiplash Threatens CPG Outlooks – Midyear FYs At Most Risk (CPB-, GIS-, CAG-), GLP-1 Effects Surprising. June Consumer Staples Briefing Book

By Jonathan Feeney

Optimal Advisory is pleased to bring you an updated Consumer Staples Briefing Book with 40+ pages and 100+ charts. May real-time spending pressured as 4/19 proprietary Optimal staples subsectors inflecting positively (compared to just 2/19…

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June 2, 2026

The Evolution of Customer Acquisition… CPG’s World Cup

By Jonathan Feeney

CPG companies have been forced to shift their customer acquisition playbook over the last 5 years. We survey how several leaders described the shift in their customer acquisition strategies since 2021 publicly. Notably, e-commerce has…

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June 1, 2026

Rare Spending Streak; This Week in Store Pics – DKS HD LOW WMT LIDL; Spend Muted but More Stable: Macro Monday

By David Schick

Summary: (1) We call out an economic momentum risk factor … see Chart of the Week … spending has outpaced income for 22 months in a row, this is unsustainable and only the second time…

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May 31, 2026

Agentic Commerce & AI Momentum Analysis: May Callouts Include WMT TPR CVNA BBY ABNB HD KSS CHH

By David Schick

Summary: (1) BBY, HD, WMT, DKS are the highest measured names in AI contribution, see Fig 1; (2) AI growth continues, but rate-of-change is now mixed across categories and companies: positive in Travel and Autos,…

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May 29, 2026

Gross Margin Whipsaw (300 bps+) as Input Costs +18.6% since Mid-Feb (+1.5% w/w, +7.9% y/y) PG-, EPC-. Isolated Tailwinds: HSY+, LW+, MDLZ+, Center Plate (ex-beef) +

By Jonathan Feeney

The Optimal Advisory Cost Factor rose this week (+1.5% w/w, +7.9% y/y) as energy and packaging costs drive higher on Iran uncertainty. Some tailwinds remain including softs, sweeteners, and proteins. We think it means 3…

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May 28, 2026

SBUX, GME, TPR, SHAK, M, BLMN Callouts in Gen Z Inflections: May Updated Analysis

By David Schick

Summary: Our report analyzes Gen Z traction against short positioning, traffic trend, and mix composition across 113 names: (1) TPR, SHAK, BOOT lead Gen Z traction growth (Figure 1), all three also showing rising short…

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May 27, 2026

Inflation Impacts Unit Demand as 13/32 Subsectors Showing Transaction Count Growth; Sentiment by Ticker … May 2026 Consumer Discretionary Briefing Book

By David Schick

Summary: our attached 37-page Consumer Discretionary Briefing Book tracks spending, ticker-by-ticker sentiment, early-indicator mindshare traction, and macro conditions across discretionary: (1) consumer spending is mixed, with 19 out of 32 measured categories showing negative inflections…

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May 27, 2026

ONON (+); LUCK (–); The Emergence of the Sports Hospitality Hybrid Industry; Experiences & Entertainment Spending Negative but Continues Rebound; NKE In-Store and Online Monitors Improving: The Optimal Sports Section

By David Katzman

Summary: (1) Optimal’s Sports Ecosystem T8W revenue tracker remained positive led by accelerating Sports Betting & Data spending, while Sports Fandom and Sports Participation continued to decline on weak transactions (T16W revenue tracker was negative);…

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May 26, 2026

A Key Five Sigma Macro Divergence; Store Pics of Seasonal Items & Protein Power Alley; Spend Muted; Sentiment Historically Low: Holiday Macro Monday on Tuesday

By David Schick

Summary: (1) See charts of the week at the top and store pics at the end of full report – there is now real risk in the five sigma divergence between Consumer Sentiment and stock…

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May 22, 2026

Cost Inflation ~300 bps GM Outlook Shock, Inputs -0.1% w/w, +7.2% y/y, HSY+, LW+, Protein+, Wings+, MDLZ+, PG-, CLX-, EPC-

By Jonathan Feeney

The Optimal Advisory Cost Factor was flat this week (+7.2% y/y). Energy & packaging increases since Iran hostilities have rapidly erased late 2025/early 2026 tailwinds – an especially thorny problem for CPG companies in categories…

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May 21, 2026

Summer Wine & Spirits Preview: Near-Term Wine & Spirits Headwinds Unabated, RNDC Disruption, Premium Outperforming

By Jonathan Feeney

Earlier today, we hosted a virtual event with Michael Manzo, EVP and CFO of Winebow — a national premium wine and spirits distributor. The summer outlook for wine and spirits remains challenging, with no meaningful…

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