You may not think of milkshakes and energy drinks when you hear Taco Bell, but that might [music] be changing, or at least the company hopes it will. >> We think that by 2030, beverages should be a $5 billion business layer for Taco Bell. >> The Mexicaninspired [music] chain has begun remodeling some locations into what they're calling Live Moss Cafes, capitalizing on the explosion in popularity of dirty sodas [music] and specialty coffees.Taco Bell is a part of Yum Brands, which also owns KFC and Pizza Hut ...

PresentationLars JensenCEO, President & Member of Executive Board Good morning, everyone, and welcome to Royal Unibrew's Q3 '25 Trading Statement. I'm Lars Jensen, CEO of Royal Unibrew, and I'm joined today by our CFO, Lars Vestergaard. We'll take you through the highlights of our performance in the third quarter and then open for questions at the end. Before we begin, please note the usual disclaimer on Slide #2. It contains important information about forward-looking statements, assumptions and risks tha ...

Core Insights - Molson Coors is responding to declining beer sales and changing consumer preferences with urgency, projecting a 4.7% decline in the total beer market, which is expected to be cyclical [3][4] - The company is restructuring by cutting 400 salaried jobs, a 9% reduction in its corporate workforce, and plans to redeploy savings into M&A and brand investments [5] - Molson Coors is focusing on expanding its portfolio beyond beer, particularly in nonalcoholic categories and energy drinks, to mitigate the downturn in beer sales [8] Company Strategy - The company aims to fill gaps in its portfolio through new acquisitions, particularly in the "beyond beer space" [8] - Investment in marketing for larger brands remains a priority, while beer continues to be a foundational aspect of the business [6] - The restructuring includes reshaping the executive leadership team and eliminating the chief commercial officer role [5] Market Trends - There is a growing consumer interest in healthier options and a shift in alcohol consumption habits impacting sales [4] - Competitors like Anheuser Busch have seen significant revenue growth in non-alcoholic beer, with a 27% increase compared to less than 1% overall revenue growth [7]

Core Insights - Celsius Holdings, Inc. is expected to report strong third-quarter earnings on November 6, 2025, driven by brand relevance and category growth, but faces challenges from cost inflation and integration complexities [1][14] Revenue and Earnings Estimates - The Zacks Consensus Estimate for third-quarter revenues is $720.7 million, reflecting a 171.2% increase year-over-year [2] - The consensus estimate for earnings has risen to 28 cents per share, a significant improvement from breakeven results in the same quarter last year [2] Earnings Performance - Celsius Holdings has a trailing four-quarter average earnings surprise of 5.4%, with the last quarter's earnings exceeding the Zacks Consensus Estimate by 104.4% [3] Earnings Prediction Model - The current Zacks Rank for Celsius Holdings is 3 (Hold), with an Earnings ESP of -6.55%, indicating uncertainty regarding an earnings beat this quarter [4][5] Factors Influencing Q3 Earnings - Continued momentum from a strong Q2 is expected to carry into Q3, supported by brand strength and retail distribution expansion [6] - The integration of Alani Nu is enhancing consumer reach, particularly among female and Gen Z demographics, which are key growth segments in the energy drink category [6] Marketing and Product Strategy - New product launches and flavor extensions, along with effective marketing, are anticipated to boost household penetration and brand visibility [7] - Broader wellness trends and consumer preferences for functional, zero-sugar beverages are favorable for Celsius' product positioning [7] Cost Pressures - Management has indicated potential gross margin pressure in the second half of 2025 due to Alani Nu's lower margin profile and integration costs [8] - Continued investments in marketing and distribution are expected to keep costs elevated [8] Stock Performance - Over the past year, Celsius Holdings stock has increased by 96.8%, outperforming the Zacks Food – Miscellaneous industry, which declined by 18.6% [9] - The stock also surpassed the S&P 500's growth of 17.9% during the same period [9] Competitive Positioning - Celsius Holdings has outperformed major beverage competitors like PepsiCo, Coca-Cola, and Monster Beverage over the past year [10] Valuation Analysis - Celsius Holdings shares are trading at a forward 12-month price-to-earnings ratio of 42.31, significantly higher than the industry average of 14.65, indicating a premium valuation [12] - Compared to peers, Celsius' valuation is notably higher, with PepsiCo at 16.92, Coca-Cola at 21.35, and Monster Beverage at 31.6 [13] Investment Outlook - Celsius Holdings is positioned well for the upcoming earnings report, supported by strong fundamentals, but faces near-term margin pressures due to integration costs and marketing expenses [14]

Core Insights - PepsiCo exceeded Wall Street expectations for third-quarter revenue and profit, driven by steady demand for its energy drinks, healthier sodas, and snack brands in key international markets [1] Financial Performance - The company reported better-than-expected revenue and profit figures for the third quarter, indicating strong performance in its product categories [1] Market Demand - Demand for energy drinks, healthier sodas, and snacks remained robust in important international markets, contributing to the company's positive financial results [1]

Group 1 - Dutch Bros is a promising growth stock with a unique blend of high sales growth and positive cash generation, making it an attractive investment opportunity as its stock has recently declined by 30% [1] - The company has rapidly expanded its store count to over 1,000 locations since 2021, focusing on iced and blended beverages, and has developed a loyal customer base [2][3] - Despite the increase in store count, the number of shares outstanding has nearly tripled, leading to significant shareholder dilution; however, the company has recently reached a tipping point where cash from operations exceeds capital expenditures [4][5] Group 2 - Dutch Bros plans to double its store count to 2,029 locations by 2029, with a long-term addressable market of over 7,000 stores, indicating substantial growth potential [6] - The company is now funding its expansion plans through its own cash flows, which should help mitigate further dilution of shareholder value [8] - Dutch Bros generated $272 million in cash from operations while spending $200 million on capital expenditures, resulting in $73 million in free cash flow [5]

Company Overview - Black Rock Coffee Bar, Inc. (NASDAQ:BRCB) operates a chain of drive-thru coffee shops that serve specialty coffees, teas, smoothies, and energy drinks [2] Financial Performance - The company achieved a revenue growth of 21% last year, which accelerated to 24% in the first half of this year [1] - In the latest quarter, Black Rock Coffee reported a same-store sales growth of 10.9%, an increase of 3.9% compared to the same quarter last year [1] Market Position - Jim Cramer noted that while there is nothing inherently wrong with Black Rock Coffee, Dutch Bros presents a "better risk-reward" scenario [1] - Black Rock Coffee has 1.8 million rewards members, who account for 63% of their transactions, indicating strong customer loyalty [1]

Core Viewpoint - Black Rock Coffee Bar is entering the IPO market with plans to raise approximately $267.4 million by offering 16.9 million shares at a price range of $16-$18, aiming to expand its network of company-owned stores [2][3] Company Overview - Founded in 2008, Black Rock Coffee Bar is a drive-thru-focused coffee chain based in Arizona, operating 158 locations across seven U.S. states as of mid-2025 [1] - The company serves premium coffee, iced beverages, and energy drinks through fast, customer-centric outlets [1] Financial Performance - In 2024, Black Rock Coffee reported revenues of $160.7 million, a 20.8% increase from the previous year, with store count rising from 125 to 149 [6] - For the first half of 2025, revenues reached $95.1 million, up from $76.5 million in the same period the previous year, with store count increasing to 158 [6] - Same-store sales growth improved from 5.1% in 2023 to 6.1% in 2024, and further to 10.1% in H1 2025 [7] Profitability and Losses - The company remains profitable on a store-level basis, reporting $27.5 million in H1 2025 compared to $21.5 million in H1 2024 [7] - However, Black Rock Coffee is overall a loss-making company, with losses narrowing from $8.7 million in 2023 to $7.2 million in 2024, and further to $1.9 million in H1 2025 [7] Competitive Landscape - Black Rock Coffee operates in a highly competitive market with established peers such as Starbucks, Dunkin', and Tim Hortons [4] - The company’s growth rate, while steady, is seen as a foundation for potential expansion to compete more seriously with larger competitors [5]

Group 1: Zacks Premium and Style Scores Overview - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, Equity Research reports, and Premium stock screens [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market within a 30-day timeframe, assigning ratings from A to F based on value, growth, and momentum characteristics [2][6] Group 2: Style Scores Categories - The Value Score identifies attractive and discounted stocks using ratios like P/E, PEG, and Price/Sales, appealing to value investors [3] - The Growth Score focuses on a company's future prospects by analyzing projected and historical earnings, sales, and cash flow, catering to growth investors [4] - The Momentum Score helps investors capitalize on price trends by evaluating factors like one-week price changes and monthly earnings estimate changes [5] Group 3: VGM Score and Zacks Rank Integration - The VGM Score combines the three Style Scores to identify stocks with the best value, growth forecasts, and momentum, serving as a strong indicator alongside the Zacks Rank [6] - The Zacks Rank, a proprietary stock-rating model, utilizes earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +23.75% since 1988, significantly outperforming the S&P 500 [7][8] Group 4: Stock Example - Monster Beverage Corporation - Monster Beverage Corporation, a marketer and distributor of energy drinks, holds a Zacks Rank of 3 (Hold) and a VGM Score of B [11] - The company has a Momentum Style Score of A, with shares increasing by 6.7% over the past four weeks, and seven analysts have raised their earnings estimates for fiscal 2025 [12] - The Zacks Consensus Estimate for Monster Beverage has risen by $0.04 to $1.90 per share, indicating a positive earnings surprise trend of +0.2% [12]

Product Recall - High Noon announced a recall of vodka seltzer drinks [1] - The drinks were mislabeled as Celsius energy drinks [1] - The FDA (Food and Drug Administration) reported the recall [1]