The global consumer industry experienced a 63% drop in company filings mentions of health & wellness in Q3 2023 compared with the previous quarter, with the highest share accounted for by Philip Morris International with 23% year-on-year decrease, according to GlobalData’s analysis of over 163 consumer company filings. GlobalData’s Consumer: Filings Trends & Signals Q3 2023 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.
Notably, health & wellness was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of experience economy and low cost evolution, 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 Q3 2023, compared with the previous quarter. GlobalData identified 47 health & wellness-related sentences in the company's filings - 2% of all sentences - and a decrease of 23% in Q3 2023 compared with Q3 2022. Dabur India’s mentions of health & wellness rose by 24% to 21 and Reckitt Benckiser Group’s by 33% to 12 and Diageo’s by 33% to 4 and Havells India’s by 200% to 3.
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 Q3 2023 was 99.
For further understanding of GlobalData's Consumer: Filings Trends & Signals Q3 2023, buy the report here.