- The latest Nielsen numbers show a strong performance for carbonated beverages across retail outlets. The category was 9.5% higher for the four week period that ended on September 25 to accelerate from the 7.3% pace from the prior tracking period.
- Oatly (NASDAQ:OTLY) recorded 59.5% year-over-year growth, while Coca-Cola (NYSE:KO) +10.4%, PepsiCo (NASDAQ:PEP) +8.1%, Zevia PBC (NYSE:ZVIA) +7.3% and Keurig Dr Pepper (NASDAQ:KDP) +6.2% all saw positive growth as well. Notably, Coca-Cola's retail sales were up 21.3% from the 2019 level and PepsiCo's sales were 16.3% higher.
- Beer sales were more sluggish during the tracking period as more people went out to bars and restaurants than a year ago. Anheuser-Busch InBev (NYSE:BUD) saw sales drop 9.0% for the four-week tracking period and Molson Coors (NYSE:TAP) recorded a drop of 9.6%. It was a different story for Boston Beer (NYSE:SAM) +10.6% vs. the 2020 mark and +64.6% vs. 2019. Constellation Brands (NYSE:STZ) also impressed with +4.3% growth vs. 2020 and 18.5% growth vs. 2019.
- See which beverage stock is the favorite at Credit Suisse.