2026年一季度消费者零售与服务报告（英）2026

Consumer Retail &Services Report PE trends and investment strategies Contents PE activity3 Institutional Research Group Eric BellomoSenior Research Analyst, Retail, E-Commerce, Gamingeric.bellomo@pitchbook.com Harrison WaldockSenior Data Analyst Q1 2026 timeline pbinstitutionalresearch@pitchbook.com Published on May 19, 2026 Macroeconomic indicators22 Segment data27 Consumer staples Consumer discretionary Consumer retail & services public comparables31 PE activity Executive summary Overview Q1 data confirmed the structural underweighting of consumer retail & services (CRS) in US PE activity.Deal volume reached the lowest level in our 12-year reporting window, exits remained concentratedwithin a small batch of premium assets, and combined tariff and oil-price shocks widened thebifurcation between defensible categories (such as consumables, scaled platforms, and services) and Our highest-conviction calls in Q2: food, beverage, cannabis & grocery add-ons (expected to increase80% YoY by year-end); pet add-ons (+140%); and residential services platforms (+45.5%). Mostexposed are discretionary categories absorbing the combined tariff and oil-price shocks: clothing, Deals CRS PE deal flow logged a fifth consecutive QoQ contraction, producing the lowest deal count in ourreporting window at an estimated 181 deals (-11.9% QoQ and -37.6% YoY) and $16.4 billion in deal value(-43.2% QoQ and -56.2% YoY). The CRS share of aggregate US PE deals held QoQ at 3.8%, down from a Consumer staples