Citi reported that non-alcoholic beverage sales growth slumped in the most recent four-week period. Although Citi analyst Wendy Nicholson noted that the timing of the Easter holiday likely weighed on the April beverage numbers, the sales deceleration remains troubling for shareholders of The Coca-Cola Co KO 0.31%, PepsiCo, Inc. PEP 0.44%, Dr Pepper Snapple Group Inc. DPS 0.75% and Monster Beverage Corporation MNST 0.02%.
Here’s a full rundown of Citi’s numbers for the four weeks ending April 23:
- Non-alcoholic ready-to-drink (NARTD) beverage sales were up 0.6 percent year-over-year (Y/Y) compared to +3.4 percent Y/Y in the prior four weeks.
- Carbonated soft drink (CSD) sales (ex energy drinks) fell to -2.9 percent Y/Y versus -0.5 percent last period.
- CSD volumes were down 5.9 percent Y/Y.
- Low-calorie CDS sales were down 7.4 percent Y/Y.
- Dr Pepper gained 0.2 percent CSD market share Y/Y while Coca-Cola and Pepsi lost 0.2 percent and 0.3 percent, respectively.
- Energy drink sales growth fell from 5.2 percent in the past 12 weeks to just 3.9 percent Y/Y in the past four weeks.
- Monster was…
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