What they said, checked against what they filed.

I pair what CPG executives said on earnings calls, podcasts, and in interviews with what the official documents reported for the same period. The quote explains the driver; the filing documents the result — never from the same source.

Alex Khmurets

I'm Alex Khmurets, Sr. Director of Product Management at Profitero, an eCommerce intelligence company. I work with pricing and promo data every day — these pages are where I test whether executive narratives survive contact with the numbers.

The point is finding patterns in data that humans can't comb efficiently — like 1,000 annual reports — and writing down only what the evidence supports. Counterexamples included.

Start with any thesis

Sep 18, 2026
The same question got ten different answers
Ten blank Amazon accounts, one pain-reliever question, four stages each. Alexa personalized on what I told it — never on what sat silently in the cart.
Read the analysis →
Sep 17, 2026
Pricing Masked Weak Volumes. That Era Is Over.
For three years, CPG growth was a pricing story wearing a volume costume. Company-reported price, volume and mix, mapped to what executives actually said.
Read the analysis →
Sep 17, 2026
The K-shaped consumer is now a CPG operating model
Affluent households are trading into convenience, health and premium value. Pressured households are trading down. The middle is losing the right to price without proving volume.
Read the analysis →
Sep 15, 2026
The retail-media org shift
How retail media is changing brand org structures: the operating-model journey, the sales-versus-marketing turf war over budgets, and the in-house playbook. Named sources only.
Read the analysis →
Sep 16, 2026
Amazon’s hunt
June 2017: Amazon discounts Prime for EBT holders and buys Whole Foods — in the same month. Every move since has pulled benefit dollars onto Amazon.
Read the analysis →
Sep 16, 2026
Medical CPG: the competitor is non-treatment
Medical CPG growth is coming from converting untreated need, not stealing share. Data from Q1 2025–Q2 2026 earnings calls.
Read the analysis →
Sep 14, 2026
Retail media: the budget shift
Five years of retailer advertising revenue and brand media spending, with sourced excerpts from filings, interviews and podcasts.
Read the analysis →
Where retail-media money comes from
Direct-source evidence on retail-media funding, on the companion site rmn.aakhmurets.com.
Visit rmn.aakhmurets.com ↗