2 Beverage Stocks in Focus as Competition Heats Up
CELHCelsius(CELH) Schaeffers Investment Research·2024-08-09 02:39

Consumer stocks are feeling the pressure of high inflation, with consumer sentiment hitting an eight-month low at the end of July. Within the beverage sector, energy drink names Monster Beverage Corp (NASDAQ:MNST) and Celsius Holdings Inc (NASDAQ:CELH) are both in focus after reporting earnings this week. Earlier this week, Stifel analysts highlighted "belt-tightening" amongst lower-income consumers, which both beverage companies sell to at convenient stores. Monster co-CEO Hilton Schlosberg said in the ear ...