The Coca-Cola Company is a global leader in the beverage industry, renowned for its portfolio of soft drinks, juices, teas, coffees, and water products
Headquartered in Atlanta, Georgia, the company focuses on manufacturing, marketing, and distributing non-alcoholic beverages, with its flagship product being the iconic Coca-Cola soft drink. With a commitment to sustainability and innovation, Coca-Cola continually expands its offerings to meet consumer preferences, emphasizing healthier options and environmentally friendly practices. The company operates in numerous markets worldwide, leveraging its extensive distribution network to ensure that its products are accessible to a diverse range of consumers.
Consumer staples stocks are solid insurance policies in frothy markets ripe for corrections. Unfortunately, the sector hasn’t provided much protection lately as it pulled back by 10% over the past six months. This drop was worse than the S&P 500’s 1.6% fall.
Shares of office furniture manufacturer Steelcase (NYSE:SCS) jumped 13% in the pre-market session after the company reported an impressive fourth quarter 2024 results which blew past analysts' EPS expectations, while sales were in line.
Shares of 3D printing company 3D Systems (NYSE:DDD) fell 19.9% in the afternoon session after the company reported weak fourth-quarter 2024 results, which missed across the key metrics we track, including sales, operating income, and earnings. The major highlight for the quarter was the steep 21% drop in Healthcare revenue, largely tied to a change in accounting in its Regenerative Medicine program, which masked positive momentum in other areas.
Shares of pet-focused retailer Petco (NASDAQ:WOOF)
jumped 35.1% in the morning session after the company reported impressive fourth quarter 2024 results. Sales were in line with expectations, while EBITDA came in significantly ahead.
Three beverage companies that analysts love have outperformed the broader market this year; will renewed interest in energy drinks propel them further?
Don't be so enamored by a scintillating story that you forget to consider the fundamentals like marketability and profitability, and the likelihood of both in the future.
Looking for a growth stock that's defying the recent market downturn? This health-conscious challenger fits the bill with a global growth story ahead of it.
