Celsius (NASDAQ:CELH): Strongest Q3 Results from the Beverages and Alcohol Group [Yahoo! Finance]
Molson Coors Beverage Company Molson Coors Brewing Company Class A (TAP.A)
US:NYSE Investor Relations:
ir.molsoncoors.com/overview/default.aspx
Company Research
Source: Yahoo! Finance
Let's take a look at how Celsius (NASDAQ:CELH) and the rest of the beverages and alcohol stocks fared in Q3. The beverages and alcohol category encompasses companies engaged in the production, distribution, and sale of refreshments like beer, wine, and spirits, along with soft drinks, juices, and bottled water. These companies' performance is influenced by brand strength, marketing strategies, and shifts in consumer preferences. Changing consumption patterns are particularly relevant and can be seen in the explosion of alcoholic craft beer drinks or the steady decline of non-alcoholic sugary sodas. The industry is highly competitive, with a diverse range of products from large multinational corporations, niche brands, and startups vying for market share. It's also subject to varying degrees of government regulation and taxation, especially for alcoholic beverages. The 14 beverages and alcohol stocks we track reported a mixed Q3; on average, revenues beat analyst consensus estimate
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