MGP Ingredients IncQ2 revenue fell 14.5% and missed expectations, though EPS and EBITDA beat.
MGP Ingredients reported second-quarter revenues of $124.4 million, down 14.5% year on year and 0.7% below analyst expectations, though it beat EPS and EBITDA estimates. Among the 13 beverages, alcohol, and tobacco stocks tracked, the group overall beat revenue consensus by 1% and guided next quarter 2.2% above. Vita Coco was the best performer with revenue up 28.1% to $216.2 million, while Celsius was the weakest, missing revenue estimates by 6.2% despite 10.6% growth to $817.9 million. Molson Coors revenue fell 3.3% to $3.10 billion, meeting expectations, and Zevia revenue rose 1.1% to $45 million, beating by 1.8%.
MGP Ingredients IncQ2 revenue fell 14.5% and missed expectations, though EPS and EBITDA beat.
Celsius Holdings IncRevenue missed estimates by 6.2% despite 10.6% growth, indicating weaker-than-expected demand.
Vita Coco Company IncRevenue up 28.1% to $216.2 million, best performer in the group.
Molson Coors Brewing Co Class BRevenue fell 3.3% to $3.10 billion, meeting expectations but showing decline.
Zevia PbcRevenue rose 1.1% to $45 million, beating by 1.8%.
Walmart Inc.