← Celsius overview

Celsius vs Carabao: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Celsius Holdings Inc (CELH)

Q3 2026
▼3▲1

Celsius hit by weak Q2, activist push, but takeover interest emerges

  • Texas AG investigation and securities fraud probe Texas Attorney General is investigating whether Celsius markets high-caffeine drinks to children, and law firm Pomerantz is probing potential securities fraud. This regulatory risk could lead to fines or lawsuits, weighing on the stock.

    New legal/regulatory threat that could hurt sales and reputation.

  • Q2 earnings miss and margin pressure Celsius reported Q2 revenue of $817.9 million, up 11% but 6% below forecasts, and adjusted EBITDA fell 12%. Net income dropped 45%. The namesake brand declined 12% due to promotions and inventory issues, sending shares down over 12%.

    Core financial results missed expectations, directly hitting investor confidence.

  • Activist investor demands CEO removal Russ Savage, founder of Rockstar Energy, built a 4.7% stake and is publicly pushing to fire CEO John Fieldly and other executives. This adds uncertainty about leadership and strategy, pressuring the stock.

    Activist campaign creates governance risk and potential management shake-up.

  • Takeover interest from PepsiCo and private equity Celsius is seen as a takeover target, with PepsiCo the most likely buyer given its 11% stake and distribution deal. The stock's 39% decline this year makes it cheaper, and private equity interest adds a potential bid premium.

    M&A speculation could put a floor under the stock and offer upside.

July 2026
▼3▲1

Celsius hit by weak Q2, activist push, but takeover interest emerges

  • Texas AG investigation and securities fraud probe Texas Attorney General is investigating whether Celsius markets high-caffeine drinks to children, and law firm Pomerantz is probing potential securities fraud. This regulatory risk could lead to fines or lawsuits, weighing on the stock.

    New legal/regulatory threat that could hurt sales and reputation.

  • Q2 earnings miss and margin pressure Celsius reported Q2 revenue of $817.9 million, up 11% but 6% below forecasts, and adjusted EBITDA fell 12%. Net income dropped 45%. The namesake brand declined 12% due to promotions and inventory issues, sending shares down over 12%.

    Core financial results missed expectations, directly hitting investor confidence.

  • Activist investor demands CEO removal Russ Savage, founder of Rockstar Energy, built a 4.7% stake and is publicly pushing to fire CEO John Fieldly and other executives. This adds uncertainty about leadership and strategy, pressuring the stock.

    Activist campaign creates governance risk and potential management shake-up.

  • Takeover interest from PepsiCo and private equity Celsius is seen as a takeover target, with PepsiCo the most likely buyer given its 11% stake and distribution deal. The stock's 39% decline this year makes it cheaper, and private equity interest adds a potential bid premium.

    M&A speculation could put a floor under the stock and offer upside.

Latest
▼3▲1

Celsius hit by weak Q2, activist push, but takeover interest emerges

  • Texas AG investigation and securities fraud probe Texas Attorney General is investigating whether Celsius markets high-caffeine drinks to children, and law firm Pomerantz is probing potential securities fraud. This regulatory risk could lead to fines or lawsuits, weighing on the stock.

    New legal/regulatory threat that could hurt sales and reputation.

  • Q2 earnings miss and margin pressure Celsius reported Q2 revenue of $817.9 million, up 11% but 6% below forecasts, and adjusted EBITDA fell 12%. Net income dropped 45%. The namesake brand declined 12% due to promotions and inventory issues, sending shares down over 12%.

    Core financial results missed expectations, directly hitting investor confidence.

  • Activist investor demands CEO removal Russ Savage, founder of Rockstar Energy, built a 4.7% stake and is publicly pushing to fire CEO John Fieldly and other executives. This adds uncertainty about leadership and strategy, pressuring the stock.

    Activist campaign creates governance risk and potential management shake-up.

  • Takeover interest from PepsiCo and private equity Celsius is seen as a takeover target, with PepsiCo the most likely buyer given its 11% stake and distribution deal. The stock's 39% decline this year makes it cheaper, and private equity interest adds a potential bid premium.

    M&A speculation could put a floor under the stock and offer upside.

Carabao Group Public Company Limited (CBG.BK)

Q3 2026
▲3▼1

Carabao Group Rallies on Upgraded Target, Dividend, and Stimulus Hopes

  • Analyst Upgrade and Dividend Dao Securities raised its target price to 67 baht from 47 baht, citing sales recovery and margin expansion, sending shares up 5%. A 1.00 baht interim dividend was also declared.

    This directly boosted investor sentiment and the stock price during the quarter.

  • Stimulus and Retail Expansion Government stimulus extensions (Thai Chai Thai Plus, Thai Help Thai Plus Phase 2) and retail expansion via CJ MORE (targeting 80bn baht sales in 2026 and an IPO by 2029) are expected to boost demand.

    These initiatives support sales growth and market expansion, key drivers for the company.

  • Weather and Economic Tailwinds A potential super El Niño could boost beverage demand, while Thailand's GDP beat expectations, providing a favorable economic backdrop for consumer spending.

    These external factors could increase demand for Carabao's products.

  • Profit Still Down Year-on-Year Despite a 13% earnings beat, Q2 core profit remained down 8% year-on-year, and much of the optimism relies on forecasts, weather, and stimulus that may not materialize.

    This is a key counterweight that could limit upside if trends don't improve.

September 2026
▲4

Thai stimulus extension and retail expansion drive CBG higher

  • CJ MORE retail expansion and IPO plan CBG's CJ MORE unit targets 80bn baht sales in 2026 and 100bn in 2027, adding 700 branches and planning an IPO by 2029. This expands CBG's retail network, boosting future revenue and profit, which supports a higher share price.

    This is a new, company-specific growth driver that directly affects CBG's earnings outlook.

  • Thai Chai Thai Plus stimulus extension The Cabinet extended the Thai Chai Thai Plus co-payment scheme by two months, boosting domestic consumption. CBG is named a top beneficiary due to its domestic revenue exposure, which should lift sales and support the stock.

    This is a new government stimulus that directly benefits CBG's domestic sales and was highlighted by analysts.

  • Thai Help Thai Plus Phase 2 injection The Finance Ministry extended the Thai Help Thai Plus Phase 2 program, injecting up to 7.1 billion baht into the economy. Analysts rate CBG Buy with a 67 baht target, citing its domestic revenue exposure as a key beneficiary.

    This is a new fiscal measure that boosts consumer spending and directly supports CBG's revenue and analyst ratings.

  • Krungsri bullish on beverage stocks, CBG standout Krungsri Securities is positive on beverage stocks, expecting CBG to show a standout Q3 2026 profit trend. The group's profit is forecast to rise, helped by hot weather and stable costs, which supports CBG's earnings and share price.

    This is a new analyst view highlighting CBG's strong profit trend within the beverage sector.

Latest
▲4

Thai stimulus extension and retail expansion drive CBG higher

  • CJ MORE retail expansion and IPO plan CBG's CJ MORE unit targets 80bn baht sales in 2026 and 100bn in 2027, adding 700 branches and planning an IPO by 2029. This expands CBG's retail network, boosting future revenue and profit, which supports a higher share price.

    This is a new, company-specific growth driver that directly affects CBG's earnings outlook.

  • Thai Chai Thai Plus stimulus extension The Cabinet extended the Thai Chai Thai Plus co-payment scheme by two months, boosting domestic consumption. CBG is named a top beneficiary due to its domestic revenue exposure, which should lift sales and support the stock.

    This is a new government stimulus that directly benefits CBG's domestic sales and was highlighted by analysts.

  • Thai Help Thai Plus Phase 2 injection The Finance Ministry extended the Thai Help Thai Plus Phase 2 program, injecting up to 7.1 billion baht into the economy. Analysts rate CBG Buy with a 67 baht target, citing its domestic revenue exposure as a key beneficiary.

    This is a new fiscal measure that boosts consumer spending and directly supports CBG's revenue and analyst ratings.

  • Krungsri bullish on beverage stocks, CBG standout Krungsri Securities is positive on beverage stocks, expecting CBG to show a standout Q3 2026 profit trend. The group's profit is forecast to rise, helped by hot weather and stable costs, which supports CBG's earnings and share price.

    This is a new analyst view highlighting CBG's strong profit trend within the beverage sector.

August 2026
▲4

CBG's Q2 profit beat, dividend, and broker upgrades drive positive outlook

  • Q2 profit beats expectations, dividend declared CBG's Q2 2026 core profit of 736 million baht beat expectations by 13%, despite an 8% year-on-year decline. The company declared a 1.00 baht interim dividend. This shows resilience and rewards shareholders, supporting the stock price.

    This is a new event that directly affects investor returns and sentiment.

  • Broker upgrades profit forecast and target price Dao Securities raised its 2026-2027 profit forecast and target price to 67 baht from 47 baht, citing sales recovery and margin expansion. The stock rose 5% on the news. This signals growing confidence in future earnings.

    This is a new analyst action that directly influences market expectations and price.

  • El Niño to boost beverage demand Brokers recommend accumulating beverage stocks ahead of a potentially super El Niño, which historically brings hotter weather and higher drink consumption. CBG is named as a beneficiary. This could lift sales volumes in coming months.

    This is a new demand-side catalyst that could drive future revenue growth.

  • GDP beat and consumption recovery support food & beverage Thailand's Q2 GDP grew 1.9%, beating forecasts. Yuanta expects consumption to recover in Q3, favoring food and beverage stocks including CBG. This macro backdrop supports higher sales ahead.

    This is a new macroeconomic development that improves the demand outlook for CBG.

▲4

CBG's Q2 profit beat, dividend, and broker upgrades drive positive outlook

  • Q2 profit beats expectations, dividend declared CBG's Q2 2026 core profit of 736 million baht beat expectations by 13%, despite an 8% year-on-year decline. The company declared a 1.00 baht interim dividend. This shows resilience and rewards shareholders, supporting the stock price.

    This is a new event that directly affects investor returns and sentiment.

  • Broker upgrades profit forecast and target price Dao Securities raised its 2026-2027 profit forecast and target price to 67 baht from 47 baht, citing sales recovery and margin expansion. The stock rose 5% on the news. This signals growing confidence in future earnings.

    This is a new analyst action that directly influences market expectations and price.

  • El Niño to boost beverage demand Brokers recommend accumulating beverage stocks ahead of a potentially super El Niño, which historically brings hotter weather and higher drink consumption. CBG is named as a beneficiary. This could lift sales volumes in coming months.

    This is a new demand-side catalyst that could drive future revenue growth.

  • GDP beat and consumption recovery support food & beverage Thailand's Q2 GDP grew 1.9%, beating forecasts. Yuanta expects consumption to recover in Q3, favoring food and beverage stocks including CBG. This macro backdrop supports higher sales ahead.

    This is a new macroeconomic development that improves the demand outlook for CBG.

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