Is The New York Times Company (NYT) Outperforming Other Consumer Staples Stocks This Year?

Company Performance - New York Times Co. (NYT) has returned about 0.1% year-to-date, outperforming the Consumer Staples sector, which has returned an average of -4.4% [4] - The Zacks Consensus Estimate for NYT's full-year earnings has moved 0.3% higher in the past quarter, indicating improving analyst sentiment and a positive earnings outlook trend [4] Industry Context - NYT is part of the Publishing - Newspapers industry, which includes 2 companies and currently ranks 218 in the Zacks Industry Rank; this industry has gained an average of 9.5% year-to-date, indicating that NYT is slightly underperforming its industry [6] - In contrast, United Natural Foods (UNFI), another Consumer Staples stock, has returned 3.4% year-to-date and belongs to the Food - Miscellaneous industry, which is ranked 203 and has moved -11.3% year-to-date [5][6] Zacks Rank - NYT currently holds a Zacks Rank of 2 (Buy), which suggests it has characteristics to outperform the market over the next one to three months [3] - The Zacks Rank system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks, which applies to NYT [3]