beverages

“Markets have memories” is an old Wall Street expression — and it's true. It means an important price level can retain its importance for a long time. As you can see on the chart, this is the case with the $162.00 level for PepsiCo Inc (NASDAQ:PEP). It had support in March and...

Delta 8 THC — popularly known as "intoxicating hemp" — regulation bills were voted on in the New Jersey legislature on July 1. The bills passed in both the Assembly and State Senate, with amendments allowing liquor stores to sell hemp drinks after obtaining proper permission. To this end, the NJ...

Montreal-based company, The Good Shroom (TSTX:MUSH), announced its financial results for the quarter ended on April 30, 2024. The report includes results for the subsidiary Teonan Biomedical Inc. “The consistent profitability this quarter, despite a challenging market, highlights our focused...

Non-alcoholic beverage maker Mixoloshe has officially rebranded as Smashd — a fitting name considering what one of the startup’s employees has been up to as of late.  What Happened: When Mixoloshe launched in 2022, it racked up a number of awards for its various mocktail options,...

Sam Adams maker Boston Beer Co (NYSE:SAM) isn’t seeing its cannabis-infused beverage segment tap revenue from its flagship lager. What Happened: The company disclosed its financial results for the first quarter, which ended on March 30. Its performance exceeded analyst expectations, too....

Despite a decline in the wine and spirits business, Constellation Brands (NYSE: STZ) outperformed its expectations with beer sales with its latest quarterly report. Constellation Brands, whose operations span across the U.S., Mexico, New Zealand, and Italy, ...

With consumer spending taking a hit on elevated interest rates, more economical alcohol brands, especially beer stocks, have been in focus. Analyst Michael Lavery of Piper Sandler initiated coverage of these three beer brands, highlighting their prospects. The Ratings: Molson Coors...

The latest earnings reports from Coca Cola Company (NYSE: KO) and Pepsi Co (NASDAQ: PEP) reflected a resilientUS consumer, however with changing habits. As for Coca Cola, its earnings were in line with analyst estimates while sales surpassed analyst expectations. Pepsi Is Facing A ...

In the latest episode of Benzinga’s Cannabis Insider, Kenneth Shea, the senior consumer products analyst at Bloomberg Intelligence, revealed findings from the BI 2024 Cannabis Survey that are shaking up the cannabis industry. With findings revealing a shift toward cannabis as a substitute...

Key Takeaways: Nongfu Spring will invest 5 billion yuan with the city of Jiande in Zhejiang province to build a new production base for its drinking water and other beverage products  With gross and net profit margins of 60% and 28%, respectively, the company far outperforms its Mainland...

Starbucks Corporation (NASDAQ: SBUX) just reported its fiscal fourth quarter that topped estimates due to the fact that even when being pressured by inflation, its U.S. customers continue to splurge on custom and indulgent coffee drinks. Starbucks joined the trend McDonald’s Corporation (NYSE...

Unlike McDonald’s Corporation (NYSE: MCD) who topped Wall Street estimates across the board last week, Starbucks Corporation (NASDAQ: SBUX) delivered a mixed quarterly earnings reported on Tuesday after market close, with the highlight of the report being the coffee giant’s skyrocketing...

Coca-Cola Co (NYSE: KO) reported first-quarter earnings results before the open on Monday. CEO James Quincey called the quarter a success and teased some of the company's plans for incorporating artificial intelligence. What Happened: Coca-Cola said first-quarter revenue increased 5%...

Coca-Cola Co (NYSE:KO) on Tuesday reported a 7% year-on-year growth in its net revenue at $10.1 billion, against a consensus estimate of $10.02 billion. The stock, which closed at $59.59 on Tuesday, has remained largely flat over the last year — something that draws the attention of...

The QRAFT AI-Enhanced US Large Cap Momentum ETF (NYSE: AMOM) has added electrical solutions provider Atkore Inc (NYSE: ATKR) shares to its holdings during December, with the stock being the seventh-largest holding with a weight of 3.8%. Atkore shares have gained over 21% in the last month....