A review of Q2 earnings results for 15 beverages, alcohol, and tobacco stocks shows a group revenue beat of 2.1% over analysts' estimates, though next quarter's guidance is 1.8% below. Anheuser-Busch reported $15 billion in revenue, down 2.1% year-on-year, missing expectations by 1.9%, with its stock down 6.5% to $62.19. Celsius outperformed with 83.9% year-on-year revenue growth and a 14% beat of EPS, driving a 20.3% stock increase to $51.55. Tilray underperformed, reporting a 2.3% revenue decline and missing key margin and EPS estimates, with its stock down 7.4% to $0.64. Altria reported flat year-on-year revenue, beating expectations by 1.8%, and saw a 8.1% stock gain to $64.20. Vita Coco reported 17.1% year-on-year revenue growth, beating expectations by 4.8%, but with weak full-year guidance, and its stock down 9.7% to $33.20. The broader market benefited from inflation stabilization, rate cuts, and post-election optimism, though economic uncertainty remains for 2025.

Cocoa prices declined on Friday amid concerns over weak global chocolate demand, with NY and London cocoa both falling. Chocolate makers Lindt & Spruengli and Barry Callebaut reduced sales guidance due to high cocoa prices and declining sales volumes. Strength in the British pound negatively impacted London cocoa pricing. Supply-side factors include lower Ivory Coast exports, poor mid-crop quality, and reduced Nigerian production, while higher Ghanaian production and a revised global deficit in 2023/24 contributed to bearish sentiment. Global cocoa grindings declined in Europe and Asia, with a record low stocks-to-grindings ratio in 2023/24, and ICCO forecasts a global surplus for 2024/25.

Vita Coco reported Q2 2025 net sales of $169 million, up 17% YoY, driven by improved inventory levels, retail demand, and international expansion. The International segment grew 37%, with Vita Coco Coconut Water sales rising 43% in key markets like the U.K. and Germany. Private label sales declined 25% due to strategic shifts, while gross margins fell 450 basis points due to higher freight costs, inflation, and a 10% tariff.

Vita Coco reported Q2 CY2025 results exceeding market expectations, with revenue up 17.1% YoY to $168.8 million and GAAP profit of $0.38 per share beating analyst estimates. Full-year revenue guidance was slightly below forecasts, while EBITDA outperformed expectations. Sales volumes grew 14.1% YoY, and the company raised its full-year revenue guidance to $572.5 million.

The article discusses the projected growth of the global Instant Coconut Milk Powder market, forecasting an 8% CAGR from 2025 to 2032. It highlights key players like Aroy-D, Thai Agri Food, Kerry, Wilmar, and Olam, and segments the market by product type, application, and region. The report emphasizes drivers such as plant-based demand, convenience, and dehydration technology, while addressing challenges like organic sourcing and competition from liquid coconut milk.