Consumer Defensive

RAW Rolling Papers, through its charitable arm RAW Giving, donated $100,000 to The Weldon Project, a non-profit organization working to reform cannabis laws and support individuals impacted by cannabis prohibition. This donation will directly support The Weldon Project's Mission Green initiative, providing aid and resources for people reentering society after incarceration for cannabis-related offenses.

Ireland has experienced a €700 million Brexit windfall as customs duties skyrocket due to new controls and levies on imports from Great Britain. This surge in tax revenue marks a significant boon for the Irish economy, with customs duties collected on imports from Great Britain accounting for nearly half of Ireland's total customs revenues in 2023.

Sprouts Farmers Market exceeded expectations with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $1.00 per share. The company's strong performance has been reflected in its stock price, which has surged 37.3% since the beginning of the year, significantly outperforming the S&P 500's gain of 5.6%.

A new report by Crisil reveals that extreme weather events are significantly impacting vegetable prices in India, leading to frequent price fluctuations and contributing to a rise in food inflation. The report emphasizes the urgent need to address climate change and its impact on vegetable production to ensure price stability and food security in the country.

The Godrej family has announced a new succession plan, with Adi Godrej's son Pirojsha set to take over as chairman of the Godrej Industries Group in 2026, while Nyrika Holkar, daughter of Smita Godrej Crishna, will become executive director of Godrej Enterprises Group. The families have also agreed to a six-year non-compete agreement.