Keurig Dr Pepper and Its Peers: A Q3 Rundown

Industry Overview

Earnings results provide insights into company performance and future prospects. In Q3, beverages, alcohol, and tobacco companies exhibited mixed results. Despite missing revenue estimates, this sector has outperformed the market with a 12.9% increase in share prices.

Keurig Dr Pepper (KDP)

* Reported revenue of $3.89 billion, a 2.3% increase year-over-year, falling short of estimates.
* Beat EBITDA estimates but missed gross margin estimates.
* Announced the acquisition of GHOST, expanding its portfolio.
* Stock price has declined 14.1% since earnings, currently trading at $31.55.

Philip Morris (PM)

* Reported revenue of $9.91 billion, an 8.4% increase year-over-year, exceeding estimates.
* Beat EBITDA and EPS estimates.
* Stock price has gained 9.8% since earnings, currently trading at $130.65.

Celsius (CELH)

* Reported revenue of $265.7 million, a 30.9% decrease year-over-year, below estimates.
* Missed adjusted operating income estimates.
* Delivered the slowest revenue growth among peers.
* Stock price has declined 19.7% since earnings, currently trading at $25.50.

Vita Coco (COCO)

* Reported revenue of $132.9 million, a 3.7% decrease year-over-year, below estimates.
* Beat EBITDA and gross margin estimates.
* Stock price has gained 25% since earnings, currently trading at $38.50.

Zevia (ZVIA)

* Reported revenue of $36.37 million, a 15.6% decrease year-over-year, below estimates.
* Exceeded EBITDA guidance and beat EPS estimates.
* Had the weakest performance against analyst estimates.
* Stock price has surged 282% since earnings, currently trading at $4.15.

Market Update

* Inflation has cooled due to interest rate hikes.
* Stock market performance has been positive, boosted by rate cuts and Trump's election.
* Uncertainty persists regarding future economic policy.