Wrapping up Q1 earnings, we look at the numbers and key takeaways for the beverages, alcohol, and tobacco stocks, including Vita Coco (NASDAQ: COCO) and its peers.

These companies' performance is influenced by brand strength, marketing strategies, and shifts in consumer preferences. Changing consumption patterns are particularly relevant and can be seen in the rise of cannabis, craft beer, and vaping or the steady decline of soda and cigarettes. Companies that spend on innovation to meet consumers where they are with regards to trends can reap huge demand benefits while those who ignore trends can see stagnant volumes. Finally, with the advent of the social media, the cost of starting a brand from scratch is much lower, meaning that new entrants can chip away at the market shares of established players.

The 13 beverages, alcohol, and tobacco stocks we track reported a strong Q1. As a group, revenues beat analysts’ consensus estimates by 4.9% while next quarter’s revenue guidance was in line.

Thankfully, share prices of the companies have been resilient as they are up 8.5% on average since the latest earnings results.

Best Q1: Vita Coco (NASDAQ: COCO)

Founded in 2004 followed by a 2021 IPO, The Vita Coco Company (NASDAQ: COCO) offers coconut water products that are a natural way to quench thirst.

Vita Coco reported revenues of $179.8 million, up 37.3% year on year. This print exceeded analysts’ expectations by 20.5%. Overall, it was a stunning quarter for the company with a beat of analysts’ EPS and EBITDA estimates.

Martin Roper, the Company’s Chief Executive Officer, said, “Our healthy first quarter shipment performance was driven by very strong branded retail growth in all our major markets, reflective of solid underlying consumer demand and favorable promotional timing differences. Our improved pricing produced healthy gross margin and very strong adjusted EBITDA. Our increased full year guidance is based on expected continued brand strength in our major markets, with improving private label shipment trends. We expect significant adjusted EBITDA growth in 2026 due to our expected volume growth and gross margin improvement."

Vita Coco scored the biggest analyst estimates beat of the whole group. Unsurprisingly, the stock is up 46.9% since reporting and currently trades at $75.85.

Read why we think that Vita Coco is one of the best beverages, alcohol, and tobacco stocks, our full report is free.

Celsius (NASDAQ: CELH)

With its proprietary MetaPlus formula as the basis for key products, Celsius (NASDAQ: CELH) offers energy drinks that feature natural ingredients to help in fitness and weight management.

Celsius reported revenues of $782.6 million, up 138% year on year, outperforming analysts’ expectations by 2.6%. The business had an exceptional quarter with an impressive beat of analysts’ EBITDA and EPS estimates.

Celsius pulled off the fastest revenue growth among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 8.4% since reporting. It currently trades at $30.05.

Is now the time to buy Celsius? Access our full analysis of the earnings results here, it’s free.

Weakest Q1: Boston Beer (NYSE: SAM)

Known for its flavorful beverages challenging the status quo, Boston Beer (NYSE: SAM) is a pioneer in craft brewing and a symbol of American innovation in the alcoholic beverage industry.

Boston Beer reported revenues of $433.9 million, down 4.4% year on year, in line with analysts’ expectations. It was a softer quarter as it posted a significant miss of analysts’ adjusted operating income estimates.

Boston Beer delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 19.9% since the results and currently trades at $189.93.

Read our full analysis of Boston Beer’s results here.

Philip Morris (NYSE: PM)

Founded in 1847, Philip Morris International (NYSE: PM) manufactures and sells a wide range of tobacco and nicotine-containing products, including cigarettes, heated tobacco products, and oral nicotine pouches.

Philip Morris reported revenues of $10.15 billion, up 9.1% year on year. This result beat analysts’ expectations by 2.2%. Overall, it was a satisfactory quarter as it also produced a decent beat of analysts’ revenue estimates.

The stock is up 23% since reporting and currently trades at $188.50.

Read our full, actionable report on Philip Morris here, it’s free.

MGP Ingredients (NASDAQ: MGPI)

Headquartered in Atchison, Kansas, MGP Ingredients (NASDAQ: MGPI) is a leading supplier of high-quality ingredients to the food and beverage industry

MGP Ingredients reported revenues of $106.4 million, down 12.5% year on year. This print surpassed analysts’ expectations by 1.4%. Overall, it was a very strong quarter as it also put up a beat of analysts’ EPS and EBITDA estimates.

MGP Ingredients achieved the highest full-year guidance raise but had the slowest revenue growth among its peers. The stock is down 10.7% since reporting and currently trades at $18.05.

Read our full, actionable report on MGP Ingredients here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.