Core Insights - The Consumer Staples sector is gaining investor attention as a defensive stronghold amid macroeconomic uncertainty, benefiting from steady demand for essential products [1] - Despite higher interest rates and cautious consumer sentiment, staple consumption remains stable, allowing companies to sustain revenue visibility and cash flow generation [2] - The sector is expected to see a revenue increase of 2.4% while the bottom line is projected to decline by 2.4% this earnings season [3] Key Trends Shaping the Season - Consumer staple companies face challenges from elevated input costs, changing consumer preferences, and increased pricing sensitivity due to tariffs and trade-related levies [4] - Companies are mitigating these challenges by diversifying sourcing, localizing production, and renegotiating supplier contracts, which have stabilized cost structures and improved margin predictability [5] - Pricing discipline and a favorable product mix are crucial for offsetting cost pressures, with companies leveraging brand strength and innovation to protect demand and support profitability [6] Earnings Outlook - Defensive demand, manageable tariff-related pressures, and continued cost discipline position select consumer staple stocks to potentially surpass earnings estimates this season [7] - The Hershey Company (HSY) is well-positioned with strong brand equity, disciplined pricing, and ongoing productivity initiatives, with an Earnings ESP of +0.78% and a Zacks Rank 1 [10][11] - Estee Lauder Companies (EL) is focused on restoring sustainable growth through brand prioritization and innovation, with an Earnings ESP of +6.62 and a Zacks Rank 2 [12][13] - Celsius Holdings, Inc. (CELH) is driving demand through innovation and strategic partnerships, with an Earnings ESP of +15.27% and a Zacks Rank 3 [14][15] - Monster Beverage Corporation (MNST) benefits from global energy drink expansion and strong consumer connections, with an Earnings ESP of +17.16% and a Zacks Rank 3 [16][17]

THIRD QUARTER 2024 INVESTOR PRESENTATION C E LS I US HO LD IN GS , IN C . | QU A RT E R 3, 2 02 4 IN V E S TOR P R E S E N TAT ION Nov. 6, 2024 O SAFE HARBOR & NON-GAAP MEASURES This presentation contains statements that are not historical facts and are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forwardlooking statements contain projections of Celsius' future results of operations or financial position, or state other forward -look ...