Dear Client:   In a note last month, Bernstein analysts said the three months through June was the "worst 3m period for volume trends in NABCA since early 2009," [see WSD 08-10-2022]. They reiterated that statement for the three month period through July in a note out last week. But in recent earnings reports, big … Continue reading "Bernstein: The Disconnect Between Scan Data and Supplier Earnings"