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Sector Primer Series: Consumer Staples How does the Consumer Staples sector affect the S&P 500?
BY Louis Bellucci

The Global Industry Classification Standard® (GICS®) assigns companies to business classifications, such as the Consumer Staples sector, according to their principal business activities. The sector is the first level of the four-tiered, hierarchical industry classification system that includes 11 sectors, 24 industry groups, 69 industries, and 158 sub-industries. The GICS assignment system uses quantitative and qualitative factors, including revenues, earnings, and market perception. GICS was developed in 1999 and is jointly managed by S&P Dow Jones Indices and MSCI.



The Consumer Staples sector comprises companies primarily engaged in:



•   Food and staples retailing and distribution, such as owners and operators of hypermarkets, super centers, and pharmacies;



•  Producing food, beverage, and tobacco products; and



•  Manufacturing household and personal products, such as detergents, soaps, diapers, cosmetics, and perfumes.

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