Nigeria’s post-festive retail season is increasingly shaped by caution rather than recovery. January has emerged as a period of deliberateread more FoodCo flags January ‘reset’ as shoppers cut back and spend more deliberately
LEVI surged +12% on Q1 beat (EPS $0.42 vs $0.37, rev +14%) with DTC crossing 52% of revenue for the first time. CFO Harmit Singh announced retirement. Guidance raised. Macro: Dow +1,325 pts on Iran ceasefire, WTI −16%. SKORE: LEVI 7.9 Buy.
RH fell 20% to 6-year lows after a double miss (EPS $1.53 vs $2.22 est.) and a brutal Q1 guide (revenue −2–4%, EBITDA 5.5–6.5%). Macro: WTI surged +11.4% to $111.54 on Trump "stone ages" comments, Dow swung 700 pts intraday. SKORE: RH 3.8 Reduce.
PVH +11% on Q4 blowout (EPS $3.82 vs $3.31); nCino +19% on record ACV bookings, 76% EPS beat; Conagra returned to organic growth but missed adj. EPS on 7% COGS inflation. Market: Iran whipsaw, Dow swung 600 pts intraday, closed flat. SKORE: PVH 7.8 Buy · NCNO 7.4 Buy · CAG 5.2 Hold.
The Goldilocks macro environment that opened 2026 ended on 28 February. US-Israel strikes on Iran triggered the largest oil supply disruption on record. Growth forecasts cut. Inflation forecasts raised. The stagflation risk is back — with less ammunition to fight it.
