The International Monetary Fund update showed a drop around 6% for advanced economies and only a 1% drop in emerging markets. Infant formula sales are up and not just for BUB. The hoarding mentality of shoppers is going to continue for the next couple of months.
I am very interested to see the KTD numbers but I would expect an increase in sales given BUB and A2M have seen demand surge.
This is looking like infant formula boom 2.0. BUB is really well placed to benefit from the current conditions. At this point in time, supply chain disruption looks unlikely because the number of new infections is starting to decrease.
in my opinion the demand will continue into 2021, global recession with the lowest impact felt in emerging markets which happens to be where infant formula has the highest demand.
BUB Price at posting:
89.0¢ Sentiment: None Disclosure: Held
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