Looking back on beverages, alcohol, and tobacco stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including Vita Coco (NASDAQ:COCO) and its peers.
Shares of Celsius Holdings Inc. (NASDAQ: CELH) jumped on Tuesday, extending a week-long streak of gains for the energy company's stock. Morgan Stanley upgraded its rating to Overweight and raised the price target to $70 from $61.
Morgan Stanley has significantly upgraded Celsius Holdings (NASDAQ: CELH), a prominent player in the energy drink market, from "Equal Weight" to "Overweight." This upgrade, accompanied by a raised price target from $61 to $70, signals a strong vote of confidence from the financial giant. The immediate aftermath saw Celsius Holdings'
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Brown-Forman (NYSE:BF.B) and the best and worst performers in the beverages, alcohol, and tobacco industry.
A number of stocks jumped in the morning session after a key inflation report, the Personal Consumption Expenditures (PCE) price index, came in line with expectations.
Earnings results often indicate what direction a company will take in the months ahead. With Q2 behind us, let’s have a look at Altria (NYSE:MO) and its peers.
While strong cash flow is a key indicator of stability, it doesn’t always translate to superior returns.
Some cash-heavy businesses struggle with inefficient spending, slowing demand, or weak competitive positioning.
Markets had another strong week as inflaton data set the stage for the Federal Reserve’s meeting next week; a rate cut is expected but may already be priced in
Energy drink company Celsius Holdings (NASDAQ: CELH) is a top growth story in the CPG segment, with potential to gain market share and expand the energy drink category.
Shares of energy drink company Celsius (NASDAQ:CELH)
jumped 2.1% in the morning session after Goldman Sachs initiated coverage on the stock with a 'Buy' rating and a $72 price target.
Looking back on beverages, alcohol, and tobacco stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including Zevia (NYSE:ZVIA) and its peers.
Let’s dig into the relative performance of Philip Morris (NYSE:PM) and its peers as we unravel the now-completed Q2 beverages, alcohol, and tobacco earnings season.
A number of stocks fell in the afternoon session after the latest jobs report showed nonfarm payrolls rose by only 22,000, significantly below the forecasted 75,000.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how beverages, alcohol, and tobacco stocks fared in Q2, starting with Celsius (NASDAQ:CELH).
Shares of energy drink company Celsius (NASDAQ:CELH)
fell 3.4% in the morning session after peer beverage company Constellation Brands (STZ) revised its fiscal 2026 outlook downward, citing challenging macroeconomic conditions. Constellation Brands updated its comparable earnings per share guidance to a range of $11.30-$11.60, a significant drop from its previous forecast of $12.60-$12.90, and now expects an organic net sales decline. The negative outlook from a major industry player appears to be weighing on investor sentiment for the broader beverage sector.
