Shares are trading around a 15% premium to our valuation for the wide-moat firm.
The narrow-moat firm's results show that it is withstanding intense competitive and macro headwinds well, and our long-term outlook remains.
Share prices are up, and we suggest investors await a more attractive entry point.
Efforts to hone its focus are starting to yield top-line gains.
The narrow-moat firm raised its revenue and profitability outlook for the fourth quarter.
With 9% of our consumer defensive coverage universe in 5-star territory, investors have a chance to feast on firms with strong competitive advantages.
Given the importance of a physical presence, companies that marry it with digital efforts are set to win market share.