The global consumer industry experienced a 60% drop in company filings mentions of digital payments in Q1 2024 compared with the previous quarter, with the highest share accounted for by Nestle with 50% year-on-year decrease, according to GlobalData’s analysis of over 13 consumer company filings. GlobalData’s Consumer: Filings Trends & Signals Q1 2024 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.
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Notably, digital payments was one of the most frequently referenced themes in Q1 2024, ranking highest in terms of mentions, ahead of big data and advanced materials, according to GlobalData.
Of the top leading companies in the consumer industry, Nestle had the greatest increase in references for digital payments in Q1 2024, compared with the previous quarter. GlobalData identified two digital payments-related sentences in the company's filings and a decrease of 50% in Q1 2024 compared with Q1 2023. Conagra Brands’s mentions of digital payments to 1.
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 digital payments in Q1 2024 was 56.
For further understanding of GlobalData's Consumer: Filings Trends & Signals Q1 2024, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
