Is Coca-Cola HBC (CCHGY) Stock Outpacing Its Consumer Staples Peers This Year?

Company Performance - Coca-Cola HBC (CCHGY) has returned 21.3% year-to-date, significantly outperforming the average return of 6.3% for Consumer Staples companies [2] - The Zacks Consensus Estimate for CCHGY's full-year earnings has increased by 1.3%, indicating improved analyst sentiment and a stronger earnings outlook [2] - Coca-Cola HBC holds a Zacks Rank of 2 (Buy), suggesting a favorable investment outlook [1] Industry Context - Coca-Cola HBC is part of the Beverages - Soft drinks industry, which has an average gain of 6.2% this year, indicating that CCHGY is performing better than its industry peers [3] - Another notable stock in the Consumer Staples sector is International Flavors (IFF), which has returned 28.4% year-to-date and has a Zacks Rank of 2 (Buy) [2] - The Consumer Products - Staples industry, to which International Flavors belongs, is currently ranked 167 and has seen a gain of 3.4% this year [3]