Starbucks Corporation (SBUX) and Monster Beverage Corp (MNST) Look Better After The Coca-Cola Company (KO)’s Report

Juice drinks

Juice also stood out as a growth area for The Coca-Cola Company (NYSE:KO) this quarter, with juice sales rising by 9%, and this category provides diversification for the beverage giant as well. Rising juice sales could also be good news for Starbucks’ Evolution Fresh line. In February, Starbucks Corporation (NASDAQ:SBUX) announced that Evolution Fresh juice was available at coffee shops in Boston and New York City. As for Monster Beverage Corp (NASDAQ:MNST), rising juice demand might mean a few more Hansen beverage sales, but at this point energy drinks provide almost all of Monster’s revenue, which explains why the beverage company changed its name to Monster Beverage Corp (NASDAQ:MNST) last year.

Takeaway

Coca-Cola’s results highlight areas in the international refreshment market that currently have growth potential. This quarter, the beverage giant’s efforts to expand outside of soft drinks look like they worked. The Coca-Cola Company (NYSE:KO)’s juice, tea, and energy drink operations all exceeded its overall performance. These results indicate global drink trends that should work in favor of Monster Beverage Corp (NASDAQ:MNST) and Starbucks Corporation (NASDAQ:SBUX) as well.

The article Starbucks and Monster Look Better After Coca-Cola’s Report originally appeared on Fool.com and is written by Eric Novinson.

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