Seven NZX-listed consumer stocks that are grabbing headlines

September 12, 2022 07:59 PM NZST | By Jasmine Anand
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  • Restaurant Brands New Zealand’s Group CEO and Group CFO to exit next year.
  • The a2 Milk Company to organise its Annual Meeting in November.
  • KMD Brands plans to publish its FY22 results next week.

Consumer stocks are those companies that produce or grow consumer-oriented products like food, beverages, apparel, household items, tobacco, alcohol, and pharmaceuticals. These are generally those products that consumers are unable to cut from their budgets, irrespective of their financial condition. These stocks are always in demand, regardless of how the economy is faring.

That said, let us walk through some of the renowned NZX-listed consumer stocks, such as Restaurant Brands New Zealand, The a2 Milk Company, Marlborough Wine Estates Group, KMD Brands and Fonterra Co-operative Group, among others.

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Restaurant Brands New Zealand Limited (NZX:RBD)

Restaurant Brands New Zealand Limited is a well-known name across the country’s hospitality sector, having more than NZ$1 billion as its market cap.

Recently, the Company revealed that both its Group CEO and Group CFO would be retiring from the Company next year. However, they would be involved in the business until their retirement. The Board will begin a search process for both positions.

At the time of writing on 13 September, Restaurant Brands New Zealand was gaining 1.59% to NZ$8.330.

The a2 Milk Company Limited (NZX: ATM)

The a2 Milk Company Limited is one of the leading dairy companies across New Zealand, supplying a range of nutritional products. Its market capital stands at NZ$4.83 billion. Besides NZ, its trading activities span across Australia, Greater China, North America, and many other emerging markets.

It will hold its Annual Meeting on 18 November in Auckland, details of the same will be intimated later. Furthermore, by 30 September, ATM’s shareholders are urged to send director nominations. It must be noted that in case of increased COVID-19 protection measures, ATM may elect to hold an online meeting only.

At the time of writing on 13 September, The a2 Milk Company was down 1.56% to NZ$6.300.

Marlborough Wine Estates Group Limited (NZX:MWE)

Known for producing high-quality wines, Marlborough Wine Estates Group Limited has a market cap of around NZ$59 million. It manages and operates six vineyard blocks with more than 336 hectares situated across the Awatere Valley in Marlborough.

In its FY22 results, the wine company reported a revenue of NZ$7.96 million, a rise of 18% on pcp, and an improved NPAT of NZ$328,012 for the year, on account of its expansion into international markets. MWE is focused on further premiumisation of its branded wines and will continue to look for acquisition opportunities.

At the time of writing on 13 September, Marlborough Wine Estates Group was trading flat at NZ$0.200. 

KMD Brands Limited (NZX:KMD)

One of the leading retailers across Kiwiland, KMD Brands Limited was established in 1987 and has more than NZ$746 million as its current market capitalisation.

It is planning to release its FY22 performance on 20 September, which will be followed by a briefing session to be conducted for both investors and analysts. Further, KMD has revealed that the last day for sending director nominations is 16 September. Here, it must be noted that only those shareholders can send these nominations who are eligible to vote at the Annual Meeting.

At the time of writing on 13 September, KMD Brands was dipping 0.95% to NZ$1.040. 

Fonterra Co-operative Group Limited (NZX:FCG)

Another famous NZ-based dairy company is Fonterra Co-operative Group Limited, which aims to supply top-quality milk products to its customers and boasts of having one of the lowest carbon footprints on the farm across the globe. Its market cap is around NZ$4.44 billion.

A few days ago, it announced that it was revising its FY23 earnings guidance from 30.0 cps-45.0 cps to 45.0 cps-60.0 cps. FCG has also upgraded its forecast milk collections for the 2022-23 season to 1,495 million kgMS, from the earlier given 1,510 million kgMS. The said increase in forecast earnings is due to the ongoing strong demand for dairy products across the world.

At the time of writing on 13 September, Fonterra Co-operative Group was rising 2.55% to NZ$2.820.

The Warehouse Group Limited (NZX:WHS)

With its market capital of more than NZ$1 billion, The Warehouse Group Limited operates discount retail department stores selling a host of grocery and non-grocery products.

Recently, it has appointed Caroline Rainsford as a full director, following her participation in WHS’s Future Directors programme. Currently, she is the Country Director for Google NZ and is responsible for the overall revenue and business strategy for the company’s NZ business.

At the time of writing on 13 September, The Warehouse Group was down 0.86% to NZ$3.450.

My Food Bag Group Limited (NZX:MFB)

My Food Bag Group Limited operates in the online food delivery business segment and has about NZ$143 million as its current market cap.

Last month, MFB conducted its online ASM, where its shareholders passed resolutions related to the election of Cecilia Robinson and the re-election of Tony Carter as its director. Also, directors were entitled to fix the auditor’s remuneration for the ensuing year.

At the time of writing on 13 September, My Food Bag Group was trading flat at NZ$0.600. 

Bottom Line

Given their nature, consumer stocks generally witness constant demand regardless of how the economy is performing or during recessionary times.


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